ERP is the talk of the town with business software, but did you know that there are several ERP out there, each of which have their advantages? One of the most popular is hybrid ERP, a two-component solution that delivers the reliability, control, and security of on-premises with the flexibility and agility of solutions based in the cloud. So, what is hybrid ERP, or a hybrid ERP platform, and what could it mean for your business. Let’s discuss.
What is a Hybrid ERP Platform?
To begin, let’s define hybrid ERP. Hybrid ERP is a, yes, hybrid approach that combines two different versions of ERP: on-premises ERP and cloud-based ERP. This two-tiered approach allows companies to stick with what works while also adapting to growing trends in the world of apps.
Why Go with a Hybrid ERP Platform?
There are several reasons business are taking a hybrid approach to ERP. Let’s look at each so that you can better decide whether hybrid ERP is the right one for you.
Many businesses operate in sectors controlled by regulations, mandating how they must handle data and its security. For those companies, going with a hybrid solution can allow them to ensure that they meet regulatory requirements while still having a best of both worlds solution that keeps up with the times.
As companies grow, working with on-premises ERP alone can become cumbersome. By introducing a cloud-based element, businesses can integrate new branches and locations into the fold without investing heavy upfront capital into an ERP infrastructure. If a business needs to explore new business technologies or apps to meet long-term goals, leveraging a cloud-based component can make a trial period faster, cheaper, and easier, too. Finally, as your business grows and you take on new partners, they will expect a cloud-based component to your ERP with which they can interact as needed. So, most businesses can’t afford to avoid the cloud at this point.
This can also mean answering the specific needs of your niche or industry. While there are many ERP solutions that address the needs of certain industries, taking a hybrid approach makes it that much easier to customize and get a bespoke fit for your company. You won’t get someone else’s ERP, you’ll only get what you need.
An Easy Upgrade
Some industries, including manufacturing, were early adopters of on-premises ERP. These legacy solutions, however, have fallen behind the times. Going with a hybrid solution is an easy and affordable way to upgrade long-standing in-house ERP so that it (and your company) can keep up with changing times and developing technology.
A hybrid ERP platform gives you the best of both worlds. If you have explored hybrid ERP at your own company, tell us all about your experiences below. If you would like to explore your own options for hybrid, hosted or cloud-based ERP, visit this webpage to explore the latest in ERP technologies.