The growth of cloud computing has caused a paradigm shift in all sorts of business applications, but perhaps most notably in ERP software.

As noted in a previous article, cloud ERP is growing like wildfire as more and more businesses move to their ERP system to the cloud.

But as cloud ERP becomes more popular, misconceptions about it also spread and it becomes more difficult to separate fact from fiction. In an effort to do just so, here are the top 3 myths about cloud ERP:

Myth #1: Cloud ERP is the same as hosted ERP

This is somewhat analogous to saying that renting a house is the same as leasing a house, which obviously is false. There are numerous differences between cloud ERP and hosted ERP involving software maintenance, network traffic, security, and statelessness.

Hosted ERP requires users to install and maintain software; cloud ERP does not. This saves …