Traditional on-premise ERP solutions, as discussed in our previous post, are fast becoming obsolete. They’re still being used by many small and mid-sized companies, but it’s unrealistic for smart, strategic business executives to continue overlooking the huge functionality gaps in the on-premise model.
The next stage in the evolution of ERP is the hosted approach. Hosted ERP software is a popular and attractive option: Young SMBs build new business management solutions from scratch, and well-developed businesses overhaul their current systems to be more flexible, functional and accessible. Here’s what a hosted ERP system looks like: