Many people are not very familiar with SaaS workflows, but there are some great benefits that companies who are familiar with utilizing SaaS workflows have received. Listed below are the four main advantages that the utilization of SaaS workflows can lend to a company that employs these strategies in their business.
Lower Up Front Expenses
A key advantage of SaaS workflows is the customer will incur the need to pay a large licensing fees up front. Customers can pay only for what they use; no more gambling away budget on bulky software suites.
Fewer Backups and Storage
The second advantage of SaaS workflows is that the customer will not have to store the software or data on their computers or hardware. That means the elimination of need for big storage facilities for data. It is also a convenient model since data storage and backups are now the responsibility of the host company.
Reduction in Personnel
SaaS workflows reduce a company’s need for the hiring of IT staff that are specially trained to handle the specific software updates, monitoring, and maintenance. These services are provided by the chosen provider.
SaaS Savings: Time & Money
Another advantage of utilizing SaaS workflows are the savings a company recognizes on software costs, hardware, power, support staff, administration, and security. This model is very different from a licensing model because the big upfront fees and the costs for maintenance and professional services by payments for a subscription. This will occur monthly or another basis. The tradeoff is that the providers of SaaS have a lot less revenue that is required upfront. In exchange they get longer-term cash flows that are more predictable because of a relationship that is service-based. A lot of providers find that it’s easier to get a revenue stream that is steady in this fashion than with the regular software licensing.
Not only does SaaS workflows help to save the company using it money but it also helps them to save a lot of headaches, as well. There are fewer personnel that they have to deal with, there are fewer backups and storage that they need to deal with, and of course they don’t spend as much money on software costs and other things that are related to running a business.