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Difference between M-Files 2018 and M-Files Online

Deal All

I am a bit confused regarding the M-Files versions. Currently we are using M-Files 2018 - 20.10.9524.7 and we would like to move to a subscription based license type. Do we need to upgrade our M-Files as well? My vendor is suggesting that we move to M-Files Online. What is the difference between M-Files 2018 and M-Files Online and do I really need to upgrade if I am changing my license type from perpetual to subscription .

Thank you

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