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IDC: ERP in the Cloud and the Modern Business
To remain competitive and fuel growth in today's rapidly changing business environment, it's essential for organizations to consider cloud-based enterprise resource planning (ERP) solutions as part of their larger IT modernization strategies. That's one of the conclusions in "ERP in the Cloud and the Modern Business," a research report from the technology research firm IDC, sponsored by Oracle.
"Companies are under pressure from the economy; changing technology; changing customer, employee, and partner expectations; and the need to compete in an increasingly complex connected global economy," according to Michael Fauscette, group vice president, IDC's Software Business Solutions Group, and author of the report. "The cloud is a critical part of that strategy for most businesses, and supports other key technologies like mobility, decision-support systems, and collaboration/social systems."
The research report identifies ERP in the cloud as the future of enterprise software in part because organizations can now choose among a range of flexible cloud deployment models, including public, private, and hybrid options. Businesses of all types and sizes can combine these models for their individual needs. As a result, recent IDC surveys show increasing interest in choosing to operate ERP in the cloud.
Deployment flexibility also enables each organization to tailor cloud-based ERP solutions for specific regulatory and compliance needs, including laws unique to particular geographic locations.
"ERP cloud is proving to be more flexible, more adaptable, and more modern—key reasons [organizations are adopting this option] in tough competitive environments," the report's author writes.
Cloud-based ERP solutions provide other important benefits, including
Listen to the exclusive webcast, "ERP in the Cloud and the Modern Business," that summarizes key findings from the research report.
- Ease of deployment, which lowers implementation costs and reduces overall business disruptions
- Modern user experiences for increased productivity and employee satisfaction
- Tools for increased collaboration and decision-making inside business workflows
- A way to balance financial needs between capital and operating budgets
- Simplified integration and the ability to eliminate data silos between ERP platforms and other enterprise applications that reside in the cloud
- Access to innovative ERP cloud applications with embedded analytics and social networking tools
- Scalability to support long-term business growth and expansion
Learn about Oracle Enterprise Resource Planning Cloud.