A cloud ERP system is an enterprise resource planning (ERP) system that runs on a vendor’s cloud platform rather than on your local network, making it accessible to your organization over the Internet.

ERP software integrates and automates critical financial and operational business functions, providing a single source of data including managing inventory, orders, and supply chains, as well as supporting procurement, production, distribution, and fulfillment.

Organizations access the software over the internet and all they need is a connection and a browser.

What Is Cloud ERP Software?

ERP providers and offered as a service to enterprises, cloud ERP software Ximple Solutions supports features equal to or greater than on-premises systems, without most of the drawbacks such as Upfront License Fees.

In that report, IDC stated: It also enables finance teams to closely monitor cash flow and respond quickly to audits and other requests for performance data.