When implementing enterprise resource planning software, you will need to decide if you would like to store your data in the cloud or on-premise. Each has its own pros and cons, which makes it important to choose the option that best meets your organization's needs. Microsoft Dynamics NAV offers business management software solutions that meet your requirements, whether you prefer on-premise ERP or cloud ERP.

Security

If you keep your data in-house, you will not have to worry as much about data or security leaks. However, you will need to hire more IT staff in order to monitor this data, whereas in a cloud ERP the hosting service would be responsible for security. On-premise ERP puts the power to manage your data security in your hands, but there are also costs that come with it. If you're working with sensitive data, on-premise ERP is the safer option. However for most types of data, cloud ERP would be perfectly acceptable. 

Growth

Cloud ERP systems are easily scalable, so if your company is growing rapidly the system can adapt quickly. On-site ERP can require additional investments as you take on more clients. Since you house the data on-premise, setting up this new hardware can slow down your growth. 

Maintenance

According to The Resource Group, if you're managing an on-premise ERP, your team will be responsible for regular updates and maintenance, at your expense. Your cloud hosting client, on the other hand, is responsible for overseeing it on its end. Cloud ERP implementation generally comes with service guarantees so the hosting company should be overseeing it. Keeping your data in-house can incur hardware costs, but you have ultimate control over your data and hardware. According to Arquiconsult, if you rely on legacy systems for other functions and you would like to keep it going, an on-site ERP system will connect with it more easily.

Ultimately, it is up to you to decide which option is best for your enterprise. If you'd like to learn more about these options, feel free to contact us. Accent Software can walk you through further implications of cloud and on-premise ERP, to determine the solution that works best for you.