Cloud-based ERP systems have become much more popular in recent years—especially among small to midsize businesses–but there are many reasons why a firm might choose a traditional, on-premise system.Cloud-based software is hosted on the vendor’s servers and accessed through a Web browser.

Cloud software is priced under a monthly or annual subscription basis, with additional recurring fees for support, training and updates.

Cloud ERP solutions are more accessible and more mobile than their traditional on-premises counterparts. Companies can upload and access data in real-time via the cloud, from any device with an Internet connection, allowing for greater collaboration among departments.

Cloud ERP software also has the benefit of being hosted on one platform. Having all of your business applications, such as your CRM and accounting system.