Financial Management Software "For Rent".

Renting software, including sophisticated Enterprise Resource Planning (ERP) software, over the Internet is the latest new thing in financial technology. Rather than buying a license, governments pay an Application Service Provider (ASP) a monthly service or rental fee. Some of the cited benefits include: 1) lower up-front costs (like any rental/lease arrangement); 2) potentially less costly for smaller organizations; 3) somewhat more fixed, predictable costs; 4) upgrades/new releases automatically installed by ASP; and 5) potentially faster implementation. Examples...