Cloud ERP Solutions
On paper, cloud ERP solutions are broadly similar to hosted ERP solutions in that, from the installation to the ongoing maintenance of the software, everything happens offsite. The crucial difference is that, rather than purchasing a license to use the ERP, you instead pay a monthly or annual fee to access the software across the internet. With cloud ERP solutions, the same software is used by multiple companies. However, each of these companies will have a secure space to store its data.
