Cloud computing eliminates the need for individual companies to buy, deploy, and maintain IT infrastructure or application software. Because cloud vendors manage all of their customers on a single instance of the software, they can amortise infrastructure-related costs over thousands of customers. This results in substantial economies of scale and skill, reducing the total cost of ownership (TCO) for customers who deploy business management solutions. This white paper presents a detailed TCO evaluation that demonstrates how cloud-based solutions can deliver significant saving compared to on-premises business applications.