Global Covid-19 pandemic has forced many small and medium businesses to take steps for keeping their employees work from home or remote locations. With the remote working now becoming the new normal, the organizations are finding newer ways to support their employees and clients. The businesses are opting for Cloud-Based SaaS (Software as a Service) solutions like ERP, HRMS, Project Management System, Invoicing, etc. to manage their business operations smoothly across different departments.

SaaS is not only economical but also provide easy access to information to all the stakeholders of a business. They are highly automated and integrated compared to the legacy standalone systems which call for the operator to be present in office premises. Read some of the most important aspects of SaaS technology that can help your Small and Medium business:

Saves Time

SaaS systems eliminate the need for repetitive tasks by creating a template that can be used for similar activities thereby reducing the need for inputting the repetitive data manually. This aspect not only helps to bring down the working time but also provides the employees with more time to engage themselves in activities related to process improvement resulting in better productivity.

Cost Optimization

The cost of software ownership is much low in the SaaS model as you pay only for the functionality and modules used. Also, you save on huge server cost and environment maintenance cost which is maintained by your vendor. It further reduces the expense of maintaining a resource to administer the software. The regular updates keep you abreast of the changing needs of technology at no additional cost.

Role-Based Access to Information

SaaS can help your employees access the required information based on their job roles. This is exceptionally useful in the current scenario where your employees are working from homes or remote locations. The managers and employees can make business decisions from anywhere based on the information available to them.

Data Security

Compromising with data security of your business is the biggest risk that you can take now. Organizations with the best of infrastructure fail to manage data security. SaaS is equipped with robust security and data encryption features as they are hosted on Cloud. Cloud servers keep your business data secure and back up the system in case of a data disaster.

Can be Integrated with Existing Systems

Most SaaS software can be integrated with your existing software through APIs that allows syncing of the data between the systems accurately and securely. It not only reduces man-hours involved in tasks but also ensures access to exceptionally reliable and accurate information.

The popularity of SaaS solutions is continuing to be on a rise. According to Gartner Inc., about 1.3 trillion dollars will be spent on shift to Cloud from the on-premises system by the end of the year 2022. Small and Medium businesses are increasingly shifting to Cloud-based SaaS solutions because of the reduced cost and increased benefits & flexibility.

If you are looking for a Cloud-based SaaS HRMS for your business, then get in touch with us for a FREE consultation and quote.