Traditionally, if a business needed a solution to a problem, they would research which technology is best for the problem and go buy it. If a company didn’t have the money to buy that solution, they would borrow to buy it so that their business wouldn’t stagnate and fail. In today’s tech-driven business environment, there is a much better option than mortgaging your business just to save it.
It’s the cloud. Specifically, software-as-a-service (SaaS).
What is Software-as -a-Service?
In order to understand SaaS, you definitely need to have a cursory understanding of the concept of cloud computing. Basically, cloud computing is the use of servers hosted in data centers to provide your business the computing they need through the internet. It’s as simple as that. Companies create data centers where any business can get the processing, data storage, services and software utilities they need. SaaS represents the last part of that. If you need a piece of software, you can now get it in the cloud.
Why Buy Software in the Cloud?
If you are going to buy software, why not buy a physical copy of the software? Well, you obviously still can, but in order to run the software, you will also need the infrastructure in place that can handle the dissemination and computation of data. You need reliable and continuous IT support to ensure that the hardware is maintained, the software is patched and that any issues that come up are handled, if not proactively, quickly. You also need to ensure that the people using your software are networked together, which can be extremely costly to perfect and secure.
SaaS comes with all this. Not only does your business get the software it needs, it does so without having to take on the responsibility of maintenance, utility costs and other detriments to having a centralized computing infrastructure. In most cases, with a SaaS offering, the cloud provider will handle all of the hosting and maintenance costs and bake them into the cost of the service.
So How Does SaaS Work?
SaaS platforms are simple to set up and are completely scalable. This means that if you need five licenses for a certain program and 40 for another, you can get them. Better yet, you can add or remove users from any of these platforms for any monthly subscription cycle, allowing you to control your business’ computing costs more accurately than if you are trying to maintain multiple servers.
Users will sign in using a username and password, and many of these offerings today come with two-factor authentication (2FA) as an additional security option. At Advisors Tech, we recommend using 2FA on as many online accounts as you can. Once in, they have full access to the software. Users can select the storage they want to use to save and export files created with this software, giving them full control over their work.
Your business uses a lot of software, and if you could avoid paying for software upfront and turn your computing into an operational expense, it might just open up more available capital that you can use to invest in your vision. If you would like more information about cloud computing or SaaS, or you would like help implementing solutions that will help your business be the best it can be, call us today at 844.671.6071.