ERP in SaaS realm: Benefits and Challenges

Enterprise Resource Planning tools allow companies to centralize and manage their workflow in various processes like manufacturing, accounting, human resources, finances. And with the advent of Cloud computing, it provides simpler, easy to deploy, and pay as you go ERP implementations which allows organizations the flexibility and cost effectiveness for change and resource management. Software-as-a-Service (SaaS) is the most accepted and adopted of cloud services which is a major alternative for on-premises software. However, cloud ERP has short comings in data security, profit generation and accessibility to internet, especially for developing countries. This paper focuses on the evolution of ERP software and how its collaboration with the Cloud Computing has bought upon a generational shift in the way organizations work today and highlights some of its main benefits and challenges