SaaS (Software as a service) is a delivery standard in which software is licensed to customers using cloud-based technology. There are basically three categories of cloud computing, the platform as a service (PaaS) model, infrastructure as a service (IaaS), and software as a service (SaaS).
As businesses become more relaxed with operating in the cloud SaaS systems are becoming more famous. Software as a Service is a software distribution model where cloud-based providers hold apps and make them obtainable to users through the internet. SaaS such as Paylocity offers an intriguing option to benchmark software installation in your business. It is a pocket-friendly software delivery model that offers a subscription-based pricing model per month or year, including software support, license, and other fees.
SaaS is the holy grail of a systematic revenue model and delivers a faster deployment time than other software. The SaaS model integrates functional tools with high-quality assistance to provide an excellent experience for the customer. This adaptable framework has multiple benefits for both software providers as well as users, including:
1. Cost-effective
Preferring SaaS results in significant savings for a variety of reasons such as it eliminates the upfront fees the user has to pay for acquisition and installation, and ongoing expenses like upgrades and maintenance are also reduced. SaaS apps are easily downloadable and virtually maintenance-free from the user’s end, so you do not have to spend large amounts of money on hardware resources. SaaS is truly a blessing for small businesses as it gives access to high-powered software and its subscription-based nature eliminates the financial risk. However, even large businesses can also benefit from this technology as it comes with rent for a short period feature.
2. Scalability
Software is externally hosted by the SaaS application in businesses can change their usage plan without having to worry about giving advance notice. It is, therefore, designed to be available at all times. It ensures high-level reliability by protecting business continuity. Besides, it also provides the flexibility to be able to scale your SaaS use up and down based on particular needs.
3. Security
SaaS software keeps business information safer than classic software. It allows customers to reserve and backup data on internet servers and access that data from additional devices. This cloud-based technology provides high-quality data security features to customers, involving tools like anti-phishing programs and multi-factor authentication. However, in the inconvenient event that a failure takes place, SaaS can enable a second data center, to ensure continuous services.
4. Accessibility
With merely an internet connection, SaaS solutions can be accessed from anywhere in the world, given their web-based use. Users can access their data and work more resourcefully from anywhere, making life smooth for remote employees or for those people that handle numerous sites.
5. Customization
With SaaS, the provider can upgrade the solution and make it available for their customers. It is an opportunity to tailor products over time, take benefit of trends and shifts in markets and keep the customers content. It can upgrade to the most recent versions easily with the click of a button, accessing new features and bug fixes when available. Moreover, the costs and effort of customization and new upgrades are lower in SaaS than in the traditional model. Besides, you can also personalize the software according to the requirements of your business. This on-demand software allows adjustment according to what clients desire.
6. Time-saving
SaaS helps businesses in saving both money as well as time. Its installation requires merely an internet-connected device. In fact, the maintenance responsibilities that come with orthodox software are shifted to the seller of SaaS. Therefore, it eliminates the extra hours required to upgrade traditional software. Moreover, they are designed for reusability, which lets users focus on operating on the task at hand rather than struggling with the application.
Conclusion
Great acceleration of more cloud-based technology adoption is predicted for the future. But before making any investment in the systems, take advantage of the free trial of chosen SaaS solution to whether it provides above listed benefits or not.