A Research Perspective on Application of Cloud based Enterprise Resource Planning for Building Futuristic Organisation and Deliverance of Return on Investment

Abstract

The remit of this article is to explore how technology acts as a catalyst and an enabling tool for organisational growth, sustainability and deliverance of Return on Investment(ROI) in a hyper competitive and volatile business environment. Application of right technology at right time and right cost is the building block of a future ready globally integrated organisation. Therefore, author endeavours to present a research perspective on the impact of cloud based information technology solution to an organisation's business process architecture and management to make the organisation future ready by making it more flexible to scale up and integrated. Author also presented a perspective as to how adoption of two tier approach of Enterprise Resource Planning (ERP) in cloud based technology platform can help organisation to be future ready by being more competitive and growth oriented. The success of tomorrow's organisation lies in architecting the processes and systems which will make it highly flexible to adapt and innovate better and faster than the competitors and ensure deliverance of ROI. Therefore, it is critical to apply latest technology driven business processes in an integrated manner so as to enhance the scope of value delivery to customers and other stakeholders. This article will help the reader to develop a perspective and make a business case on application of cloud based ERP for making the organisation futuristic.