In today’s competitive business environment, all enterprises are willing to go above and beyond in order to thrive and prosper. That said, ERP application development has become a requisite need for businesses to sustain the cut-throat competition in all industries. Without a doubt, ERP implementation seems like a tried-and-tested approach to boost workplace productivity and achieve higher operational efficiency. Nevertheless, it is critical to choose the right tech stack and software platform to extract maximum benefits from ERP development.
A majority of ERP applications today run on single or multi-tenant SaaS architectures as opposed to traditional on-premise systems. It is because of the apparent benefits of cloud computing that SaaS ERP applications bring to the table. Evidently, SaaS ERP application development renders a great deal of flexibility and interoperability to enterprises by harnessing the advanced software capabilities of the cloud.
Here, we shall delve into the key benefits that enterprises can avail through SaaS ERP application development in 2022. Subsequently, we shall talk about the two main types of SaaS architectures i.e single-tenant and multi-tenant software-as-a-service.
Also, Read Analyzing The SaaS Model For eCommerce App Development
Benefits of SaaS ERP Application Development
A majority of enterprises today prefer developing or purchasing SaaS ERP solutions rather than setting up traditional on-premise systems. In addition to the apparent cloud advantages like flexibility, scalability, and data security, SaaS ERP development significantly reduces hardware-related complexities. Since SaaS ERP applications are built on top of a cloud, enterprises do not need to maintain a complex hardware infrastructure. As a result, it significantly reduces operational costs as well as software maintenance costs for various enterprises. Let us move ahead and discuss these benefits offered by SaaS ERP application development in more detail.
Better Data Accessibility
SaaS ERP application development ensures that you get seamless access to business data with minimal hardware/software constraints. Unlike on-premise ERP systems, you no longer have to rely on excessive hardware equipment since the data is safely stored on the cloud. All you need is a stable internet connection and a compatible device to access your mission-critical business data at any time.
Flexibility and Interoperability
SaaS-based ERP applications offer a great deal of flexibility and scalability to address the dynamically changing business needs and requirements. Here, cloud service providers take care of all backend-related complications whenever scaling is required. You simply need to change your subscription plan to scale up or down as per your current business needs.
Also, Read The Microservice Architecture For SaaS Application Development
Enhanced Data Security
SaaS ERP solutions render top-tier protection against all types of online threats including DDoS attacks, SQL injection, phishing, brute force attacks, and the likes. Furthermore, it strengthens data security and privacy by enforcing multi-step user authentication and authorization mechanisms. Above all, it adequately protects your sensitive business data via end-to-end encryption and cloud-based firewalls that block malicious entities from breaching your company database.
Cost-Effective Solution
Since the application data is stored on remote cloud servers, you do not need to set up a complex hardware infrastructure. As a result, it reduces software implementation costs while also bringing significant cost savings in the long run. Besides, you do not have to bear any software maintenance costs which also delivers long-term benefits in terms of cost efficiency. Thus, it is quite evident that SaaS ERP applications are more affordable than their on-premise counterparts.
Ease of Integration
Another major benefit of SaaS ERP application development is the ease of integration with proprietary and third-party business applications. A majority of SaaS applications seamlessly integrate with different types of business modules, applications, services and disparate software systems. As a result, you get a great deal of flexibility to streamline complex processes and centrally manage diverse business applications with minimal complexities.
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Types of SaaS Architectures
When it comes to SaaS ERP application development, enterprises usually have to choose between single-tenant and multi-tenant SaaS architectures. Having said that, single-tenant SaaS applications are generally expensive due to their single-user configuration. On the contrary, multi-tenant SaaS solutions could be relatively cost-effective as multiple users share a single instance of the given software. For this reason, a majority of small-to-medium businesses prefer multi-tenant SaaS architecture for enterprise resource planning. Whereas, single-tenant SaaS ERP solutions are ideal for enterprises that are more focused on data security and privacy.
Why Choose Oodles For SaaS ERP Application Development?
We are a 360-degree ERP development company that specializes in building custom software applications to overcome cross-industry business challenges. Our team carefully analyzes your existing business model and formulates effective software execution strategies to streamline routine tasks and achieve the desired level of automation. We use open-source software platforms like Odoo, OFBiz, ERPNext, and Opentaps to build scalable enterprise applications at cost-effective rates. Our seasoned ERP developers have successfully delivered several full-scale software products for enterprises belonging to different industries like real estate, retail, eCommerce, manufacturing, finance, healthcare, insurance, and more. Contact us at [email protected] to learn more about our custom ERP development services.
