Are You Confident That Your Digital Strategy Maximizes Revenue? Part 2
Part 2: The Core Components of SaaS
Author: Katie Hayes, Product Marketing, Model N
Note: This is part two of a four-part series of blogs focused on Model N’s SaaS delivery model. Any business utilizing SaaS can expect the typical benefits—so what’s the distinguishing factor between software vendors?
In part one of the series, found here, we discussed the efficiencies and benefits SaaS platforms bring to businesses with a variety of different needs. Across industries, SaaS relies on three core components: the people, product, and software that provide a multitude of benefits. Companies looking to move to any SaaS delivery model in the cloud can expect regular software and security updates, increased flexibility of cloud capacity, and the ability to work from any device with an internet connection.
Regardless of its size, businesses also experience less upfront costs as the subscription model allows costs to be spread out either via monthly or annual fees. While this is beneficial initially, the true cost savings is reflected through the management of hosting, securing, and maintaining the software by way of the SaaS vendor. Outsourcing this support allows businesses to refocus energy on internal innovation, further increasing their return on investment.
Other typical SaaS components feature scalability across similar systems and the cost-savings that are inherent to its subscription model. Businesses using SaaS experience these benefits—and more—though differentiation between vendors exists in the experts in charge of maintaining these systems. As these are basic tenets of any SaaS delivery model, companies are therefore tasked with the challenge and risk of ensuring that their data is placed in the hands of true industry experts.
Next week, part three of the series will discuss how SaaS can be utilized to its full ability through the expertise at Model N.