Cloud ERP and SaaS model
A Cloud ERP system means traditional ERP solutions hosted off-site. It is
also flexible and scalable. The system has the capability to access real-time
data from anywhere without using complicated and costly remote-access software.
On the other hand SaaS (Software-as-a-Service) model offerings are typically
smaller. This is normally best for organizations with limited complexity, size
and global presence. ERP system providers host SaaS model on their own
infrastructures instead of locating the systems on-premise at the purchasing
organization.
In SaaS model, the vendor will have the full control of the application and not
the customer wheere as in Cloud ERP system your data and your application can be
placed on server that you control. Both these models provide instant
gratification, taking mere minutes to be up and running.