Still wondering why your projects keep running over budget and behind schedule?
Any savvy construction company knows that a powerful ERP solution is the backbone of their operations. If you’re not leveraging the right tool, you might be missing out on the secret weapon that’s giving your competitors the edge.
Choosing the proper ERP solution directly impacts project efficiency, cost management, and overall business growth. Understanding the difference between legacy versus cloud-based solutions could be the difference between leading the market and struggling to keep up as it can significantly influence how well you manage your resources and project timelines.
What is the difference?
The main difference between legacy and cloud-based is how you deploy and access the software. Depending on the situation of your company, either might suit your needs better.
Legacy solutions are like a 1967 Ford Mustang – customized just for you but requiring a lot of upkeep. They’re installed on your company’s own servers, offering tailored customization but need significant upfront investment in hardware, software, and ongoing maintenance. While they give you full control, they can be costly and less flexible, making it harder to scale and adapt quickly to new business needs.
Meanwhile, Cloud-based ERPs are more like a Tesla Model S – agile, always updated, and ready to go wherever your business takes you. They’re accessed
via the internet, offer real-time data access and are ideal for growing companies due to their flexibility and scalability. They require no heavy hardware investment, update automatically, and generally have a lower total cost of ownership, easing the burden on your IT.
So which is right for you?
Deciding between a legacy and a cloud-based ERP really just comes down to understanding your company’s current and future needs. If you require extensive customization and have the resources to manage an on-premise solution, a legacy ERP might suit you. However, if you prioritize flexibility, scalability, and lower upfront costs, a cloud-based ERP is likely the better choice.