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IDC White Paper: ERP in the Cloud and the Modern Business
In a new white paper sponsored by Oracle, leading analyst organization IDC finds that in today's rapidly changing business environment organizations should consider cloud-based enterprise resource planning (ERP) solutions as part of their larger IT modernization strategies.
“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 white paper. “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.”
Skipping Mid Tier ERP
For midsize organizations, adopting an ERP cloud has an added value: skipping a costly step in the traditional, three-stage ERP/financial accounting migration lifecycle, which moves from spreadsheets and QuickBooks to a mid tier solution, and then finally to a top-tier solution such as Oracle ERP solutions.
"By skipping stage two, our midsize customers can take advantage of industry best practices in a modern ERP system—without the risks and costs associated with three implementation lifecycles," explains Larry Simcox, senior director, Oracle Midsize Programs.
Instead, midsize organizations skip right to all the advantages a cloud-based ERP solution can offer, including
- The ability to adopt the industry best practices developed by Oracle from thousands of ERP implementations over the last 30 years
- Ease of deployment, which lowers implementation costs and overall business disruptions
- Modern user experiences, which increase 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
- The scalability to support long-term business growth and expansion
Flexible Cloud Deployments
According to the IDC white paper, “ERP in the Cloud and the Modern Business,” (December 2013) the ability to choose a range of flexible cloud deployment models—including public, private, and hybrid—is increasing interest in deploying ERP in the cloud.
Businesses of all types and sizes can combine these models for their individual needs. 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 white paper’s author writes.
Listen to the exclusive webcast, “ERP in the Cloud and the Modern Business,” which summarizes key findings from the IDC white paper.
Learn about Oracle ERP Cloud for midsize companies.
Watch a video in which Curse Vice President of Finance Brandon Byrne describes how Oracle ERP Cloud is helping this hot startup create a world-class infrastructure to support its disruptive business model and scale globally.