So what exactly is the cloud? In layman’s terms, cloud systems are online, subscription-based enterprise solutions. Rather than hosting an ERP solution on-site, organizations that choose cloud solutions have their data and systems hosted by their ERP providers. This deployment model allows organizations to not only greatly reduce upfront costs but often enjoy a greatly simplified implementation process. The cost structure of a cloud solution is also different than that of an on-premise solution. Organizations in the cloud typically pay yearly subscriptions to a cloud provider, rather than one large fee upfront. The below list is by no means exhaustive.