Here is a good article pointing out that the cloud hype hasn’t reached the ERP world yet and maybe never will. Acumatica is positioned for this by allowing their customers to buy and host Acumatica on-premise. NetSuite, on the other hand, only allows the SaaS option.
http://panorama-consulting.com/what-is-the-surprising-future-of-cloud-erp/
This reminds me of the Western Digital commercial that I posted a link to a few months ago:
http://www.augforums.com/western-digital-crowded-cloud-commercial/