CIOs are continuously being pushed from several angles to move ERP to the cloud. Businesses are demanding cloud capabilities to gain a competitive edge and achieve growth. When CIOs make a shift to cloud and incorporate it into their ERP roadmaps, they must be clear from misconceptions and understand why the move is being made. When an ERP suite is operated as-a-service, it does not neutralize the complexity, nor does it improvise the benefits of being tightly integrated. The opportunity costs involved to replace already existing suites to SaaS is also huge. Before replacing any ERP suite, it is crucial to evaluate the business requirements that can be met with a SaaS ERP suite, and also the application strategy must be evaluated.
ERP vendors usually develop a product that meets the general requirements of businesses, which indicates that they might not be suitable for industry-specific needs. Many SaaS applications are built to meet the complex business needs of an ERP vendor. A CIO must evaluate the functionality and features of the technology and decide the one that fits their business. Platform vendors and infrastructures must be considered based on their agnostic traits to preserve the business’s agility and flexibility.