As the name indicates, Enterprise Resource Planning encompasses how organizations (regardless of size) manage their resources. The term “resources” can include—but is not limited to—materials, equipment, employees, and capital. With an ERP system, organizations can manage these resources and integrate separate departments—like financials, accounting, sales, CRM, and more—through a single, centralized application and interface. Company-wide information is shared through and synchronized in the system and is available to all employees, putting everyone on the same page, at the same time. On-premises ERP also puts the onus on you to cover ongoing costs for maintenance, upgrades and additional server capacity as the company grows and your requirements increase. When your ERP is based in the cloud, the responsibility for these jobs lies with your vendor.