It’s hard to believe that Software as a Service – or Saas – has been around since the early 2000s. From Accounting to HR to CRM, almost any type of software is now available as a service. And yet, some organizations still question if SaaS-based technologies are the best option.
At CTRMCloud, we see a whole host of benefits of Software as a Service. This blog explores our top ten reasons why we think SaaS rules.
1. Cost Effective
SaaS implementations and lifetime investments incur less costs – FACT.
The upfront investments and ongoing maintenance are generally lower than on-premise projects, reducing TCO massively. And because the cost of hardware is embedded into the cloud provider’s pricing model, there are no additional costs to purchase or maintain that hardware as it’s embedded into the SaaS pricing model.
And the best part? Operational expenses are more predictable, taking the pain out of budget forecasting.
2. Time Efficient
It’s been said that time is the most precious commodity. So, when you save time, you save money too.
SaaS products are easier and cheaper to implement and involve fewer in-house IT resources because of standardized off-the-shelf features and functions.
It also takes less time to train and onboard new users, getting organizations to market faster
And finally, studies show that SaaS realizes a shorter time to benefit than traditional software. See? Time IS money.
Source: Superoffice (https://www.superoffice.co.uk/resources/articles/benefits-of-saas/)
SaaS products don’t require users to go through a VPN, allowing seamless and faster accessibility.
This easy 24/7 access has greatly supported the sudden need for remote working since 2020.
4. Amplified Security
SaaS products offer robust and more advanced vulnerability monitoring and detection compared with on-premise alternatives, offering next-level security for your data.
Data encryption services are offered too – ranging from encoded connections to limited encryption of sensitive data. And with indemnity clauses in most insurance policies, you can rest easy that your organization is protected against all eventualities.
5. Always Up-To-Date
SaaS solutions offer the latest technology stacks, OS versions, databases, and processors so you can be sure that you’re running the latest and greatest software versions. And because it’s web-based, upgrades are seamless, offering an uninterrupted user experience.
6. Data Recovery Guaranteed
Regulation-ready back-up and disaster recovery plans can be initiated from anywhere, using any connected device, so business continuity is guaranteed should the need arise.
7. Easy Adoption
SaaS offerings are easy to use since they already come with baked-in best practices. Users can create POCs and test functionality in advance. Users can also have more than one instance running with different versions and do a smooth migration.
SaaS products accommodate business needs by scaling up or down with ease.
It allows businesses to start small and scale almost infinitely as requirements grow. For example, storage can be increased (or decreased) as needed.
And because solutions can be rolled out on-demand, you only pay for what’s needed and when, spurring the ability to react faster to opportunities, giving your organization that all-important competitive edge.
9. Easier Customization
Generally, SaaS offers greater stability thanks to continuous and regular updates, patches, and releases, but also due to the ease of customization: vendors commonly work with clients to design configurable solutions so bespoke features created for one client can be quickly extended to others.
10. SaaS is Green
Cloud computing generally encourages sustainability-focused behaviors, which is great for companies looking to reduce their carbon footprint.
In a report commissioned by Salesforce.com, they found its Cloud computing software was 95% more carbon-efficient than on-premise systems, and proudly laid claim to an ‘estimated total customer carbon emissions footprint for 2010 (was) at least 19 times smaller than an equivalent on-premise deployment, and (was) 3 times smaller than an equivalent private cloud deployment.’
We’re such massive believers in SaaS, it’s how we deliver our CTRM software. Don’t just take our word for it – the worldwide public cloud computing market continues to grow and is expected to reach an estimated 397 billion U.S. dollars in 2022.
So, consider this: with the right SaaS stack, your business could grow by almost 20%.
What are you waiting for?