An Analysis upon Design of Cloud Based Standard ERP Systems: Opportunities and Concerns | Original Article
The paper puts forward by cloud based architecture as a framework for ERP system. First, it describes the theory and development of ERP system than analyzes the principle of the ERP system in detail which is based on cloud architecture, and discusses the advantages of the ERP system that uses this method to design; finally, it presents the shortcomings and future development trends of this kind of cloud based ERP system. In modern era the pace of shift in technologies trends and demands of companies is very fast. Earlier, most of the enterprises used ERP systems which were integrated software packages with a common database that supported business processes of companies. In addition, they were the backbone of large business enterprises. However, along with several advantages some challenges such as high installation cost, huge initial investments, high cost of maintenance, trained technical staff, regular system updating and data management and licensing are also associated with its usage. Furthermore, many companies today are thinking to move the whole ERP over to the cloud. Cloud-ERP is being preferred by most of the companies because of its capability to analyze massive data sets without making a significant capital investment in hardware, licensing and so on. It has been gaining increasing attention over the last few years and is being hosted in a platform over the internet. Most of the enterprises are concentrating towards using this technology because of its flexibility, easy to use, cost of setup and provision of much more features that could be accustomed to almost every type of business.