You may think you settled the ERP issue many years ago. When you moved your previous software to what should have been an all-in-one solution, you thought you were set for the long haul. But as your IT staff are probably telling you, upgrades are a necessity, in order to keep step with changing technology and provide optimal benefit to your business.   The evolution of Oracle to the Cloud and a new, enhanced platform will not only make your working life easier: it will save you time and money. Consider this and these other reasons why you should take a step towards a modern ERP solution.   Understanding the Terms: Cloud, SaaS, PaaS, IaaS Before you consider transitioning to a new ERP, it may be helpful to understand some of the terms used by IT professionals. Cloud-based ERP is accessed through the internet via an online subscription service. The software is not installed on your local servers or in-office hard drives. That is why you will often hear the phrase SaaS, or “software as a service,” used to describe the Cloud. PaaS, or platform as a service, is an extension of the SaaS concept. It includes both hardware and software, and is particularly useful for software developers. IaaS, or infrastructure as a service, is a full-suite model that includes hardware, software, storage, servers and other elements of a company’s IT.