# [Infographic] – The Economics of Cloud ERP at a Glance

*Source: https://trginternational.com/blog/infographic-the-economics-of-cloud-erp-at-a-glance/*

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It seems increasingly clear that [cloud computing is the future of ERP](../../../com/trginternational/blog/cloud-101-a-quick-guide-to-cloud-erp.html). For businesses, the transition to the cloud is as much about financial benefits as [it is about new technologies](../../../com/trginternational/blog/the-key-technology-trends-for-the-next-generation-erp-software.html). This is especially true for small and mid-sized enterprises (SMEs). 

## The financial benefits of Cloud ERP

The most visible financial benefit of Cloud ERP is that businesses can [avoid costly upfront capital expenditures](../../../com/trginternational/blog/why-erp-is-moving-to-the-cloud.html), including hefty licence fees and investments in hardware required to operate on-premises ERP software. 

**Read more:** [Cloud 101 – A quick guide to Cloud ERP: Benefits & Drawbacks](../../../com/trginternational/blog/cloud-101-a-quick-guide-to-cloud-erp-benefits-drawbacks.html)

Additionally, cloud-based ERP systems also require less customisation and take less time to deploy. Therefore, the associated costs are drastically reduced, as shown in the following infographic.

![The Economics of Cloud ERP at a Glance](https://blog.trginternational.com/hs-fs/hubfs/images/Cloud-ERP-Economics.png?width=711&name=Cloud-ERP-Economics.png "The Economics of Cloud ERP at a Glance")

  
[![Request an ERP Demo](https://no-cache.hubspot.com/cta/default/125873/165e0bb0-f0dd-4956-9b3f-2b89eea2583c.png)](https://cta-redirect.hubspot.com/cta/redirect/125873/165e0bb0-f0dd-4956-9b3f-2b89eea2583c)

  
[![WHEN GIANTS CLASH | A Comparison of Tier 1 ERP Vendors](https://no-cache.hubspot.com/cta/default/125873/38a6098b-c283-4140-a7e9-f26d16f39f38.png)](https://cta-redirect.hubspot.com/cta/redirect/125873/38a6098b-c283-4140-a7e9-f26d16f39f38)