What Can SaaS Do to Improve your Business?
Cloud technology has many opportunities for businesses in all verticals. Software-as-a-Service (SaaS), or cloud solutions, are now increasingly being adopted by companies globally. It has become a viable software option for traditional on-premise installations.
However, there is still a fair bit of distance for this technology to travel. The reason for this is that companies are not yet fully aware of what SaaS is and how it can improve their business. We’ll take a look at SaaS so you’ll be knowledgeable enough to make an informed decision.
So, what is SaaS and how can it improve your business?
SaaS is a software delivery system that allows you to access data from any device through an internet connection and web browser. In the SaaS model, the server, databases, and applications are hosted and maintained by software vendors. The on-premise software delivery system, on the other hand, is different from the SaaS delivery model. With the SaaS model of delivery, you don’t have to invest huge amounts in hardware to host the software. As an organization, you can outsource all your IT needs to the vendor, as it is their responsibility to host, maintain and upgrade the service/system.
Apart from providing remote access to software applications and data, the SaaS delivery model is also different from on-premise software in its pricing structure. In addition, you need to buy a license to run an on-premise software, and you have to pay an additional amount, typically ranging from 15-to 20% annually for its maintenance and support. On the other hand, in the SaaS model, you only need to pay a monthly or yearly subscription fee. The subscription fee you pay includes the software license, maintenance and support costs.
What are the benefits of SaaS?
The SaaS delivery model offers numerous benefits to organizations, especially small and mid-sized enterprises. If you are a fast-growing company, you can use SaaS to increase your growth rates. Here are some of the major benefits of the SaaS delivery model:
No upfront investment – When you opt for a SaaS model, you don’t need to invest huge sums initially, as it operates on a pay-as-you-use basis. This is a big benefit for small and mid-sized companies, allowing them to utilize liquid cash more appropriately.
It is a more cost-effective option – When you opt for a SaaS model, you don’t have to worry about buying, maintaining, upgrading the hardware and software. You also don’t need an IT team to manage, as it is the responsibility of the SaaS service provider to keep the system running.
It offers seamless accessibility – When you opt for a SaaS model, you don’t need to worry about accessibility because you can access your data at any time and from anywhere. All you need is an internet connection to access your applications and database.
You can get over your IT headaches – This is one of the strongest selling points of the SaaS model. When businesses opt for SaaS, they don’t have to worry about buying, upgrading, or maintaining any software or hardware because it is the responsibility of the service provider to take care of all your IT needs.
Integration is not an issue – With a SaaS model, you don’t have to worry about integration. You can keep working with the systems, applications, and software you are used to without any problem.
You don’t need to worry about security – Like everything else, security is also the responsibility of the service provider. These days, vendors take precautions to keep your applications and data secure. With automatic backups and disaster recovery, the SaaS model is safe and secure.
It is a scalable option – When you opt for a SaaS model, you don’t have to worry about scalability. All you need to do is make a phone call to scale up or down your operations.
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