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What Is Cloud ERP? From Y2K to Intelligent ERP
1reports1reporting sources2022-06-29Update
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For finance and IT leaders, cloud ERP's standardized data and real-time processing can accelerate invoice processing, anomaly detection and budget adjustments, shaping enterprise technology architecture choices.
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6月29日
- SAP Concur BlogWhat Is Cloud ERP? From Y2K to Intelligent ERP
The article reviews ERP history: the Y2K crisis accelerated ERP adoption, with U.S. companies spending $100 billion on Y2K fixes according to a Senate report. IDC data put the ERP market at $25.4 billion in total revenue in 2016, projected to reach $33.6 billion by 2021. It contrasts on-premise and public cloud ERP, noting cloud ERP is typically more affordable, updates faster and forces data standardization that underpins AI and machine learning.