Cloud-based ERP solutions, on the other hand, are hosted and managed by a third-party provider, allowing businesses to avoid the initial capital expenditure. Instead, they can pay a subscription fee based on their usage, making it a more cost-effective option, especially for small and medium-sized enterprises. Cloud-based systems can be easily customized and configured to meet the specific needs of a business. Whether it's adding new modules, integrating with other applications, or adjusting workflows, cloud ERP provides the ability to adapt to changing business requirements.
ERP on cloud offers following modules: