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Vinsun InfraEngineering:ERP On-Premise or OnCloudGroup F8:Soumyasree (0391/52)Sridhar (0392/52)Tripti (0417/52)Vipul (0443/52)1.What are the pros and cons associated with each service option?
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Bluechip ERP onpremiseReliability of service andquality of productHigh credibility of theagency due to extensiveprior experience in thedomainNo internet connectivityrequired resulting insecure operationsLower security concernsas data is stored on owndatabaseCustomization optionsavailableHigh initial investment,much higher than thebudgetYearly costs also higherthan other alternativesUnnecessary features inthe product presentlyDatabase not availablefor onsite workersNot scalable easilyduring growth phaseCodeautomationERP on premiseLow investment andmaintenance costCustomizable solutionsNo internet connectivityrequired resulting insecure operationsLower security concernsas data is stored on owndatabaseConcerns of Unreliableservice due to lack ofexperienceProduct quality isquestionable as it is astartupDatabase not availablefor onsite workersNot scalable easilyduring growth phaseCodeautomationERP on cloudLow initial investmentEasily scalable duringexpansion of firmDatabase available foronsite workersFlexibility of storagespace during growth andrecession phasesOperational risk lies withservice providerHigh recurring annualcosts (2.11-2.31 timesof option 2)High Security Concernsdue to data transfer viainternet and datastorage on serviceprovider databaseEmployees may not betech-saavyConcerns over serviceas it as a startup andthe cloud technology isalso new