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Manufactures and distributors today are aware of the fact that, in order to be successful in this globally changing market, they must make efficient use of large amounts of data to make the most of business intelligence and become agiler.

Given the bonuses an ERP (Enterprise Resource Planning) solution brings to an organization, any business owner could easily get convinced to cough up the required money and time required for proper planning and execution of the process. However, things are not as easy as they sound.

In today's fast-paced business atmosphere, companies are growing at a lightning-fast speed. Almost overnight, startups are emerging into multinational concerns, inheriting all of the complexities that come with operations globally.

An ERP system of a business is expected to handle all its processes in a hassle-free and smooth manner. It may include but might not be limited to demand planning, inventory tracking, costing, operations of the shop floor, financials, sales, marketing and HR.

When it boils down to making a choice between a cloud-based ERP solution and an on premise legacy ERP solution there are some factors that need to be counted in.