The most powerful DX tool in the SME’s arsenal? SaaS
BUSINESSES know that digital transformation is key to surviving in today’s day and age, and for the small and mid-sized enterprises, it seems as though SaaS is the most powerful tool.
Software as a Service (SaaS) makes it possible for SMEs to buy into the same tools that multinational corporations have always had access to, without emptying their coffers or spending too much time on implementation.
Delivered on the cloud, SaaS offers many superpowers, including allowing companies access to cutting-edge technologies such as artificial intelligence, machine learning, and augmented reality — bundled into smart software that can be used right out of the box.
An interesting stat collected by a vendor claims that by 2022, 78 percent of companies will be running purely on SaaS.
With all of the big-name software providers in the world creating a SaaS offering, this seems like a plausible figure, although some migration to the cloud might be hindered by regulatory requirements such as those in the financial services and healthcare spaces.
SaaS is expected to make a big impact on the market in the coming months. Here are five reasons why SMEs must hone in on the technology to maximize their returns on their digital transformation investments:
# 1 | Quicker availability
Speak to any software implementation consultant and they’ll tell you that rolling out a new piece of software in an enterprise, in the traditional way, takes more than a few months. Sometimes, such projects take years.
However, SaaS is designed in such a way that any offering offered via the model is immediately available and requires minimum customization before it can be rolled-out and scaled-up.
# 2 | Lower costs
Traditional enterprise-grade software cost companies in the millions, not to mention the money they needed to spend in order to cover incidental expenses such as customization, maintenance, and upgrades.
To be honest, understanding the complex cost of running such software needed a professional just to audit the licenses against the use case in question.
In the world of SaaS, however, SMEs just pay a simple fee per user to get on the platform. Additional services can be bought as upgrades for each user or through one-time invoices.
# 3 | Ease of management
SaaS is easy to manage, and it’s designed for SMEs to handle by themselves.
Take any SaaS platform and you’ll realize that the company that has built the offering tries their level best to keep pricing terms simple, ensure implementation is easy (since the cost of moving away from the platform is almost negligible), and usually shares the burden of maintenance.
# 4 | In-built mobility
SaaS platforms are on the cloud. Compared to traditional software packages that are installed on machines that are fixed to a location, SaaS offerings can be accessed from anywhere by design.
Not only is this incredibly useful for SMEs, but it is also a feature that helps them scale quickly and supports their growth in many ways — across departments and geographical boundaries.
# 5 | Data and information security
Cybersecurity is one of the biggest challenges for SMEs. SaaS offerings lighten the burden on SMEs when it comes to protecting data and ensuring privacy of customer information.
SaaS products are usually backed by strong vendors who are liable to thousands if not hundreds of thousands of customers across the world — and hence, their security measures are pretty strong.
As a result, SMEs get a strong and secure package to handle their data if they choose a reputed SaaS product.