Amal Alhosban and Anvitha Akurathi, University of Michigan-Flint, USA

Enterprise Resource Planning (ERP) is a popular business management tool used by almost all companies these days to organize their business. In-spite of the challenges faced by ERP; before, during and after its implementation into the Enterprise, it fetches greater profits to the organization. This paper deals with the challenges faced by ERP with a complete literature overview of the challenges from earlier authors. Then after a brief visit of these factors, a very essential topic to the Enterprises i.e., Costs are discussed. The costs that are incurred in the project, some unknown or hidden costs are dealt with. A solution is proposed to solve this cost problem of ERP and to improve the profit margins to the companies. The solution is Cloud ERP. The latter part deals with the benefits of Cloud ERP in general and with respect to costs along with the concerns of cloud ERP, the major issue among all the concerns and few proposed solutions of solving this problem in the cloud ERP.

ERP, Cost, Cloud ERP, Security