Is cloud-based procurement software better than on-premise?

As more organizations embrace digital transformation in 2025, cloud-based procurement software is quickly replacing traditional on-premise systems. With advantages like real-time access, greater scalability, automatic updates, and lower IT maintenance, the cloud seems like the obvious choice for many.

But is it truly the best fit for every business? Are there specific industries or use cases where on-premise procurement systems still offer greater control, better customization, or enhanced data security?

I’m interested in hearing firsthand experiences—what has worked better for your organization: a cloud-based solution or an on-premise procurement tool?