Difference between Cloud-Based and On-Premise ERP

1. A cloud ERP may well be a gift for many who are already dedicating their computing resources to other things.
2. It's a flexible option that is hosted on another place far, far away. But is it really advantageous?
3. Cloud-based systems require much lower initial investment than on-premise ERPs.
4. The implementation time is nearly zero compared to how long it would take you to work out the kinks with a system that you install on-location and you don't run the risk of needing IT experts to come in and implement the system for you.
5. In the long term, an on-premise installation will lead to lower costs of operation, despite the higher premium on the price tag.
6.  You'll still have to pay for some maintenance, but it's really not comparable to the amount you have to pay for cloud-based implementations.
7. On-premise software works wonders on internet connection outages, which would otherwise interrupt all operations until the connection is back.
8. With on-premise ERP, you're responsible for your own backups, disaster recovery, and updates.
9. Control over your data and resources are a luxury in itself that comes at a cost.