The software-as-a-service (SaaS) market is expected to reach $116 billion in 2020; driven by a real need to protect worker data as businesses rapidly shift to remote work.
The COVID-19 pandemic has placed everything IT-related in the spotlight, especially as businesses search for opportunities to boost efficiency and reduce costs. SaaS solutions are often easy to deploy and without the need for massive investment capital. Can SaaS solutions and asset management help your organisation save money? While some argue that SaaS is no less expensive than alternatives, there is evidence that this software licensing and delivery model presents a range of different opportunities to cut costs.
Lower start up costs
When software is delivered as a service, you don’t need to spend an initial lump sum up front. Without the need for software licenses, the general approach is subscribing to a software service instead. The cost of maintenance is included in your subscription. These cost factors drastically break down barriers to entry.
Rapidly deploy and scale as workloads evolve
Upgrades are often associated with effort. With SaaS, your solution provider does all of the heavy lifting. And a pay-as-you-go model provides fantastic flexibility and options. Because an external vendor hosts the solution, it’s quite easy to change your usage plan without need for advance notice. And let’s not forget how important it is for teams to be able to access applications from any location. With web-based software, your teams just need an Internet connection and they’re all set.
Faster time to value
When thinking about ‘time to value’, consider the expected and the actual time to achieve yours first “go live” milestones. In some cases all functions will go live at once and in other cases you’ll approach the project more incrementally. Either way, a traditional on-premise solution usually requires preparation time, time to deliver hardware and as well as time allocated to the physical loading of software. With SaaS implementation this is not the case. Companies can enjoy faster initial implementations and they can also ramp things up far quicker as their needs and preferences change.
With the future remaining uncertain indefinitely, now is the time for companies to utilise SaaS technology to provide the agility they need to adapt as things change. One of the most important steps that organisations need to take today is to ensure that they have a full view of their IT estate. OneView, our cloud-based technology expense management solution, offers customers the visibility they need to keep their entire technology environment in check. Want to find out more? Complete the form below and we’ll be in touch.