How Software as a Service (SaaS) can help Small & Medium Enterprises Grow
How Software as a Service (SaaS) can help Small & Medium Enterprises Grow
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Software as a Service or commonly known as SaaS is a business model that provides access to software through the internet. SaaS products and technologies have evolved over the past decades. SaaS applications are centralized, flexible, scalable, affordable, and secure. These solutions can be accessed by users from anywhere – Even from their smartphones! As business leaders understand the growing importance of SaaS solutions, more and more SMEs are shifting from on-premises solutions to SaaS platforms. To some, doubts still linger! Let’s take a look at some of the SaaS FAQs.
What does SaaS stand for?
SaaS stands for Software as a Service. It is a software delivery model through which the software is accessed by the user in return for a subscription fee. Since SaaS applications are delivered through the internet, they are also known as web-based applications, web-hosted software, or on-demand software.
What SaaS means?
SaaS in cloud computing is a way of delivering software applications through the internet. SaaS is not only economical but also provides easy access to information for the stakeholders of a business.
How SaaS works?
In SaaS or Software as a Service, customers don’t have to buy hardware or software. Instead, they get to access and operate the software through a web link, user id, and password. In return, the user must pay a monthly subscription fee to the service provider.
How Software as a Service (SaaS) can help Small & Medium Enterprises Grow
The importance of Software as a Service has been much understood during the Covid-19 pandemic when employees had to work under circumstances never known before. While the businesses with on-premises solutions hindered the businesses that run on SaaS applications were able to continue with seamless operations.
This article was originally published on 14, August 2020 by Turqosoft™ Solutions Pvt. Ltd.
With the remote working and hybrid workspaces becoming the new normal, SMEs should shift to Software as a Service application. There are numerous benefits that SMEs can gain from this shift. Here is How Software as a Service (SaaS) can help Small & Medium Enterprises Grow:
Low Initial Investment
By opting for Software as a Service (SaaS), SMEs can manage diverse business functions like purchases, inventory, manufacturing, sales, banking, accounting, payroll, and other functions in a seamless manner. The initial investment is low as the SME doesn’t have to pay for owning and operating the software on an on-premises server. There is no need to pay for software licenses too. Instead, the SME can opt for a small plan and upgrade as the business expands.
Pay as you Use
With SaaS applications, the operational expenses can be brought down significantly. Now SMEs don’t have to hold themselves back from improved processes and systems due to budget constraints. SaaS platform makes it a leveled playground for software access to all business sizes. In Software as a Service user pays only for the services used. Usage of cloud servers can also be optimized on an ongoing basis.
Highly Scalable
SaaS products are highly scalable. This means that it will support the number of current business users and support when the number of users increases. Unlike in legacy systems, you don’t have to wait for several days for changing the architecture and system. Rather, it can all get done in a day. All you need to do is change the subscription plan that suits your business needs.
Remote Access
You can access SaaS solutions from remote locations. It can be done once you have signed up for the service and received the access. So, the next time you are traveling, you can keep track of business operations from a laptop or mobile.
Better Operational Efficiency
SaaS apps allow setting up role-based-access for employees. Employees can access the system across departments and improve their workflow. A system that can be accessed from anywhere provides the business seamless and streamlined operations.
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Always up-to-date Software
Since applications on the SaaS platform are on a subscription basis the service provider needs to keep the software up to date with market changes. The service needs to be secure and running to ensure an uninterrupted subscription fee. Hence, SaaS companies must update their products on an ongoing basis. However, the transition remains smooth such that a little impact is known on end-users.
Data Security
SaaS apps have robust security and data encryption features because they are hosted on Cloud. Not only do they keep business data secure but also back up the system for faster disaster recovery.
Cut down on IT Staff
By moving to SaaS, not only can you save on hiring cost but also IT maintenance cost. The subscription cost you pay covers installation, maintenance fee, updates, security, and data backup. There is no need to hire IT staff for maintaining the software & servers regularly.
Integrate with Existing Systems
Most SaaS software can be integrated with existing software through APIs that allows syncing of the data between the systems. Such integration reduces man-hours involved in tasks. It also ensures access to reliable and accurate information.
Conclusion
There is a large number of advantages of using SaaS solutions. Now that you have learned how Software as a Service (SaaS) can help Small & Medium Enterprises grow, all you need is to select the right SaaS solutions. Learn How to Choose the Right HRMS Software | HRMS App for your Company. Based on these criteria you can zero down on a SaaS solution that meets your business objectives and then get rolling.
Turqosoft is an Indian Human Resource Management Software Company based in Kerala. To learn more about tealHRMS Kerala, and berryERP Kerala leave a comment or connect with us through email info@turqosoft.com or call us on +91 9841205845. Also, you can follow us on LinkedIn, Facebook, Twitter, Youtube, or Instagram for interesting updates.
