In a survey of more than 400 finance and IT leaders, respondents said they made the move to ERP in the cloud primarily for economic reasons including the desire to avoid infrastructure investments (45%) and on-premises upgrades (33%), as well as lower TCO (38%).

A strong majority of respondents (63%) achieved the economic benefits they initially set out to find. But something surprising emerged from the survey results. When asked about the top benefits of ERP in the cloud, an overwhelming 81% of respondents cited, "Staying current on technology" as the #1 benefit far outpacing any of the other advantages cited.