Architecture for an Enterprise Planning Solution
Choosing an enterprise planning solution is no easy task, with so many options on the market, it can be hard to narrow down what you should really be looking for. Not only is it important to find a solution that will work for your business’ current needs, but you also need a solution that’s future proof.
Cloud vs. On-Premise vs. Hybrid
There are many fantastic planning solutions on the market often going by the acronym ERP – or Enterprise Resource Planning solutions. Traditionally, these have been large on-premise investments for enterprise level companies.
While on-premise solutions operating alone have worked well in the past, there are some issues with a this approach. Limitations can include lack of access to real-time data and analytics, costly implementation and upkeep, and lack of mobile support.
However, there are pros to on-premise solutions as well, such as ability to implement complex customizations to exactly match your business’ needs. Some companies also prefer to manage security themselves with on-premise enterprise planning solutions rather than trust cloud vendor managed security.
Not to mention, a lot of companies don’t want to give up on their infrastructure investments.
That puts businesses in a tricky position: how do they tap into the technology they need to thrive, not just survive, without abandoning their historical data, investments, and internal processes?
This is why a hybrid approach is so appealing.
Hybrid solutions are now widely available for those who already have on-premise investments but also want the flexibility of the cloud, or for those that need heavy customization. These solutions combine on-premise with cloud solutions to accommodate customers that are looking to future proof their planning operations without giving up on their investments.
This mobility between cloud environments gives businesses greater flexibility and agility in data deployment options, allowing businesses to innovate, scale, and protect their assets and their customers. An integrated approach helps solve some of the key concerns that businesses have about the future of analytics and BI.
For example, many SAP S/4HANA customers are considering, or have already moved, part of their planning processes over to SAP Analytics Cloud. Customers that have already tried out a hybrid solution of an on-premise ERP solution and a cloud planning solution have reported increased speed and greater availability of data, as well as better control and flexibility.
Cloud based enterprise planning solutions provide flexibility and accessibility to organizations. Generally, they have lower upfront costs with an annual or monthly subscription, with cloud vendors taking care of storage and security.
The biggest benefits of cloud solutions are the ability to access planning data and analytics from anywhere, making collaboration extremely easy, and the ease of access to real-time data within planning forecasts and analytics.