A Cloud ERP system means traditional ERP solutions hosted off-site. http://ping.fm/my3Hh 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.