Cloud-based computing (“the Cloud”) is one of the leading technology topics in the world. Cloud computing, sometimes called on-demand computing, uses the Internet to provide shared computing resources and storage of records or documents. The term covers everything from emailing or photo sharing on a commercial service like Google to hosting the entire computing infrastructure of a global corporation from remote data centers. For more insight, a formal US government definition of cloud computing is provided from the National Institute of Standards (NIST).
Cloud ERP, often called Cloud-based ERP, enables a company’s accounting, operations management and reporting to run in the cloud. As one would expect, Cloud ERP vendors vary significantly in their technology, functionality, and service. After researching ERP Cloud vendors, it becomes clear that they have few things in common beyond hosting of an application and utilizing the internet to provide connectivity. Acumatica is one of the few vendors that offer a true ERP Cloud solution.
The Cloud is particularly valuable to small and medium-size businesses (SMB’s) because it provides access to full-function applications at a reasonable price without substantial operating expenditure for hardware and software. Using the correct cloud provider, a company can rapidly scale as their business grows or a new company is added.