More than 80% of enterprises believe that core ERP capabilities directly impact the top line, performance, and growth. However, less than 15% of enterprises believe that they have a future-proof platform. To understand this gap and explore why enterprises need to adopt a cloud-based ERP model, TCS sponsored an Everest Group research report.
We found that enterprises that have a cloud-based, secure, agile, and resilient ERP will outperform peers, and be better positioned to serve the future needs of employees and customers. Based on this research, we recommend a two-step approach to build a cloud-based ERP core, leveraging cloud service providers such as Google Cloud:
- Cloud for efficiency: Lift and shift of legacy workloads to the cloud to meet enterprise goals of lower total cost of ownership (TCO) and improved operational efficiencies.
- Cloud for innovation: Leverage extended cloud capabilities to drive enterprise innovation.