Well, if you read this story, yes, it is possible and Misys is doing it. This promises to be a great way forward and something to be checked closely. Quite a lot of industrial IT applications are extremely expensive but if you only want to use the damn thing and not worry about having to install it, maintain it, upgrade it and all the rest of the lot, then what you want is to take it off the Internet, use it, give rental and be done with it (provided security concerns are maintained!).
Take a look at these two examples, SuperDerivatives for options pricing and risk management and Salesforce for customer relationship management and sales management. Both based off the internet and working just great. Mind you, they are not open source, so that model is different, but still, interesting days ahead.
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