SaaS in the workplace

We live in a digital world, where everything is available at the touch of a screen. An ever growing number of technologies and business applications create important advances in the finance industry – such as Software-as-a-Service (SaaS).

 

Growing in popularity amongst organisations, SaaS refers to a new alternative way of accessing software – instead of the more traditional, albeit, old fashioned methods such as hardware systems.

 

SaaS allows finance companies to sign up to software packages on a subscription basis, without having to buy the software outright. This is a much more flexible agreement than ten years ago,when organisations would have to buy software outright.  

 

SaaS software is generally hosted in the cloud and accessed via the internet, helping to reduce costs – making it more accessible for smaller companies.

 

What are the benefits?

1. No Extra Costs

Processing power is supplied by the cloud so there are no extra hidden costs. There are also no set-up costs with this as the application is ready to use once the subscription has been implemented.

2. Scalable Usage

When using SaaS additional storage can be integrated on demand, without having to install new software or hardware. If the needs of a business changes then software can be quickly and easily changed to  fit the new set of requirements.

3. Customisation

SaaS applications can generally be altered to suit the needs of the company that is using it. This therefore allows finance companies to alter and customise particular software to suit their individual needs rather than have a set service that cannot be adapted.

4. Compatibility

SaaS can be easily accessed via any internet enabled device that has the software installed. These include desktops, tablets and smartphones – meaning you can work at home or anywhere in the world and still log into the system. There are no restrictions on locations – like there would be with a hardware system in place, so access is not an issue to businesses.

Through using SaaS, many workplaces can benefit from easy access and monthly payments that make it affordable for a wide breadth of companies. It could be argued that your business will never outright own the software being used, but in this day and age with digital changes happening all the time is this actually an issue?

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