ERP software which is hosted by a third party infrastructure provider such as AWS, GCP or Microsoft Azure.
Cloud ERP software is enterprise resource planning software that is hosted by a third party. The management of the ERP can also be provided by a third party too.
Cloud-based ERP systems are typically hosted and/or managed by ERP vendors such as SAP, Oracle, Microsoft, Netsuite or Sage and/or by systems integrators, ERP partners and hyperscalers.