Typically, the size and structure of your business dictates whether on-premise or online business management software is the right choice. For example, a relatively new business that doesn't have a lot of well-defined business processes, or sophisticated IT, will be able to implement and use an online business management software quickly and easily.
”There's not one-size-fits-all or one answer for everyone. You have to understand what your goals and objectives are and what your overall strategy is and what that strategy drives, what the scope of your ERP initiative is, whether it's one single ERP system or whether it's best of breed, or whether it’s some other type of option.” Eric Kimberling, Panorama Consulting Solutions
One thing is clear—a business manager who wants a cloud-based business management software to succeed, whether it be on-premise or online, must gather requirements from all stakeholders and carefully plan the project in advance if they want to get a ROI. Online business management software solutions are typically cheaper to adopt and implement than on-premise solutions, due to the nature of SaaS.
What is cloud business software?
Cloud business software is also known as software as a service (SaaS). Customers of this type of software can access their data and applications over the internet and work from anywhere. Typically, cloud business software or SaaS solutions are ideal for managing business operations, financials and for collaborating across locations. It's usually more affordable and scalable than desktop or on-premise software.