A: Yes it is, custom reports are no problem and charged at less then standard rates.

Compared to enterprise applications, hosted applications require less time and money to deploy, and require almost no internal technical support. In addition, they are scalable, so you don’t have to purchase, install and maintain sophisticated applications internally.

Do the math. Compare the costs of a three year subscription, with the cost of an enterprise license paid up front, including installation, on going maintenance and support, hardware procurement and depreciation, and all the rest. In just about every scenario, hosting is less expensive that owning.