To understand Software as a Service (SaaS), let’s have a quick dive into cloud computing. “Cloud” here refers to the internet and to compute means to “work out”. Thus, the definition of Cloud Computing is to perform tasks over the internet.

There are many forms of services under cloud computing such as, virtual servers, storage, and databases. For example, instead of paying for thousands of dollars for a server to store all your company’s files on your computers, you can instead upload it to a secured virtual storage space like Google Drive or Microsoft OneDrive.

Software as a Service (SaaS) is one of the many forms of cloud computing. A very simple explanation of how Software as a Service works is when a service provider manages an application and makes the application available for customers to use these applications online.
Today, there are many services available online, whether you’re looking for a service to improve your customer relationship management or manage your accounts. There is also debt collection software available for businesses to manage outstanding payments from clients. GoKudos is a good example of an AI Debt Collector that helps to keep track of outstanding payments and also sends out reminders to customers.

Benefits of Software as a Service (SaaS).

How does using these online services affect your company? There are a variety of benefits that can help your company, from being cost-efficient to having constant upgrades, and maintenance provision. Here are the top 5 ways on how SaaS can help a business.

1. Hassle-free

Contrary to older models, SaaS is an application that is already configured and is constantly maintained. The users only need to download it and feed it the information it needs and it will be ready to use. Businesses no longer have to get their hands dirty with the software installation, configuration, upgrades, and so on.

2. Lower Costs

In most cases, SaaS applications are available online for free or would usually apply a subscription-based payment scheme. Plus, you won’t have to purchase the same app every time there is a new upgrade. For example, older versions of Microsoft Office applications are commonly licensed to a single computer. With Microsoft Office 365, you can access their application through any platform, whether you are using a Windows PC, a Macbook, or via your smartphone. In this scenario, you save money by not having to purchase separate licenses for multiple devices.

3. Accessibility

Traditional software is usually device-specific. SaaS makes it possible for you to access your files and databases anywhere. Whether you’re stuck at home or have your flight delayed, all your documents are at your fingertips. Plus, most SaaS applications today are compatible with smartphones, making it even more convenient.

4. Upgrades

Technology evolves quickly. There is always a new and improved solution, algorithm or layer of security that enhances a device or its software. One of the best things about SaaS is you don’t have to worry about upgrades, as all maintenance or enhancements will be carried out by the service provider. They will be constantly updating their software to better serve your needs or to tighten up the security of your data.

5. Scalability

Every business has their own specific requirements. SaaS providers would usually draw up a number of subscription options that businesses can select according to their requirements. They can range from the services you need, the type of software needed, the quantity, or even payment plans. To top it off, any initial subscription can be cancelled or upgraded anytime. For example, let’s say you needed access only for 10 people initially, but the company has already grown in manpower. You can always upgrade your plan to cater to additional headcount as your team grows.

In short, there are a number of ways SaaS can benefit a business and since the technology is already available in the market, businesses should take advantage and leverage on this new industry standard. Stay ahead of the game, consider applying a SaaS software to your business and see its potential in helping your business reach greater heights.



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