Understanding The Different Types of ERP

When it comes to the types of ERP systems available today it’s best to make an informed decision based on examples of ERP that suit your business best. With growth and profitability in mind, the goal of using an ERP solution should be to improve the management of company resources without sacrificing quality and performance.

ERP systems range greatly depending on the size, function, and needs of an organization. Below we will give examples of some of these systems and how they can help your business depending on your requirements.woman looking at different types of erp systems

Whether your company is familiar with the types of ERP or just beginning to explore what an ERP is our guide will explain key differences in ERP services.

Examples of ERP

Enterprise Resource Planning (ERP) serves the main purpose of increasing an organization’s efficiency, and if your own company is considering an ERP solution for the first time, or improving on your current system, often the main reason is for better Data visibility. 

By seeing your company’s data all in one platform, you can make better-informed decisions, effectively plan out your budget, and create long-term goals.

One of the key differences between the three types of ERP systems below are how data is both stored and retrieved. When it comes to on-premise, hybrid, and cloud ERP these tasks are handled in different ways all with their own benefits and downsides.

Between cloud ERP, on-premise ERP, and hybrid ERP each implementation is designed to support different aspects of a business, meet an organization’s business requirements, and have different methods of deployment. 

On-Premise ERP

When it comes to on-premise ERP solutions the name is somewhat self-explanatory. The servers that are able to store information and run the ERP software are held onsite and maintained in physical office space. 

The difficulty comes with costs surrounding data hosting itself. Hosting your data on your own computers and servers can become expensive, considering the equipment, power, and maintenance needed. Yet this approach is the most hands-on and offers full control, support, and ownership of the entire system once implemented.

With on-premise ERP, your business will likely need to hire IT specialists to maintain your software and make sure it’s regularly updated.

Cloud ERP

Now the lowest cost maintenance for an ERP solution can be found with the web-based Cloud ERP. Known as Software as a Service (SaaS) typically your business would work in tandem with an organization that handles the difficulties of data storage. To access and store data while allowing any device with an internet connection to access your company’s data all your business typically needs is a subscription.

The first benefit of a cloud-based ERP is lower cost compared to an on-premises system, making long-term costs easier to calculate. Additionally, there is no warehouse or office space needed to store physical parts of the ERP, such as servers and cooling systems.

Also, the software is usually ready for use immediately, requiring little to no IT specialists on your end, this is also part of the SaaS vendor’s job.

team discussing different types of erp solutions

Hybrid ERP

Now as for a hybrid type of ERP system, this involves both cloud-based and on-premise ERP system solutions. The combination of hosting and deployment services vary by provider, but these models can provide ERP users the flexibility to customize data analysis, security, and maintenance costs.

If your business is looking for the most customizable ERP solution then a hybrid-style ERP system is most likely the route you will take. Offering the choice between cloud data storage and on-premise systems can bring many different variations to an ERP system. 

Kechie ERP

When considering your current business practices, if your ERP software isn’t sufficient for your needs it may be time to upgrade. Kechie ERP is a cloud-based ERP solution that offers a wide range of services. No matter the size of your business or the improvements needed Kechie can help with:

  • Accounting and financial management
  • Customer relationship management (CRM)
  • Business intelligence (BI)
  • Logistics
  • Inventory management
  • Procurement & Vendor management
  • Supply chain management
  • Planning and forecasting
  • Manufacturing

All of these tasks and much more are available now with Kechie Cloud-Based ERP. 

Contact us today to schedule a demo or learn more about how Kechie from My Office Apps can redefine your accounting practices and optimize your company’s efficiency.