Use Of Cloud Based Erp On Cloud And Its Opportunities And Challenges

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TITLE SHEET:- INTRODUCTION Erp has almost been used by the big corporates in today’s world without any exceptions. Cloud has helped them in further strengthening the spread and use of the ERP. In second Part we have discussed about the Erp on cloud and its opportunities and challenges. We have also included the recommendations for the companies for the use implementation and further enhancement of the use of cloud based ERP. In third part we talk about the enterprise 2.0 system being used by the companies. We have analysed the present uses of the companies on these systems. Three of the motivation for the employee and challenges for the employees have been analysed for the enterprise 2.0 . Recommendation for…show more content…
The following are key advantages of cloud-based ERP and hosted ERP in comparison with on premise ERP.  Lower upfront costs The part of the upfront costs that is mainly reduced includes expenses for hardware, user licenses, and implementation, excluding user training and customization (Grumman 2011)Cloud ERP substantially reduces the capital expenses incurred by an enterprise in order to implement an ERP system (Marston et al. 2010) or to switch to a new cloud-based one (Benlian and Hess2011)..  Lower operating costs Cloud-based ERP lowers operating costs for energy, maintenance, configuring, upgrades, and other IT staff costs).  Rapid implementation  Focus on core competencies Cloud-based ERP and other enterprise applications allow focusing the resources that would be used to maintain an IT department on other essential areas of business (Castellina et al. 2011). In some cases it mainly results in reduced pressure on internal IT department which can focus on servicing core competencies (IT solutions, 2011).  Access to advanced technology Cloud-based applications often enable access to specialized technology and advanced computing resources that otherwise would have not been accessible to SMEs (Saugatuck 2008).  Rapid updates & upgrades  Easier integration with cloud services  Improved system availability and disaster recovery In many cases SaaS providers ensure measures such as backup routines, fallback and recovery procedures, conditioned
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