Hey Tim,
I too agree with Jessica. But there is a catch. The choice of on-premise or cloud application is based on your requirement.
General text editing software like MS Word is best used in on-premise than going for Cloud. Because you don’t need internet to access the files in your system and make edits using MS Word.
But when it comes to collaborating with 2 or more people to create a document, MS Word online or Google Docs would be the best choice.
So, from my perspective the choice should be made by you based on your requirement.