ERP stands for enterprise resource planning. It is a category of software that helps businesses in better managing their resources and business operations. Recently, cloud-based ERP systems are on the rise.
The advancement in cloud technology has benefited many businesses, including eCommerce, web app development, and business management.
Today, businesses are shifting towards adopting cloud ERP systems over conventional (on-premises) ERP solutions. Low costs, better management, and enhanced resilience are some of the reasons for doing so.
In this blog post, we will explain what cloud-based ERP systems are, how they are transforming businesses, their advantages and limitations, and how to choose the best cloud ERP solution for your business. So, let’s start with the definition of an ERP system.