Software giant Microsoft has announced plans to move its enterprise resource planning software Microsoft Dynamics to the cloud.
Speaking during the company's Convergence 2011 conference in Atlanta, Microsoft CEO Steve Ballmer said that in addition to running software on their own network, customers will be able to access its ERP software online or in a hybrid cloud environment.
Ballmer said that the software-as-a-service version of its ERP tool will run on Microsoft's Azure cloud computing platform. The company also released the beta version of its update to Microsoft Dynamics ERP, Microsoft Dynamics AX 2012. The full version is slated for an August release.
Microsoft announced that new feaures will allow clients to move enterprise resource planning to the cloud on their own terms. Microsoft also revealed that it plans to integrate its email management program Outlook with the cloud based ERP tool, like it did with its customer relationship management tools.
Microsoft's announcement comes as the company continues to move into a business software market dominated by SAP, Oracle and Salesforce. According to recent figures from the business intellignece firm IDC, companies will be spending $118 billion on business software by 2014.