7 Reasons Why SaaS Will Skyrocket Your Company's Growth

May 21, 2021
4 min read

In today's competitive business climate, Software-as-a-Service (SaaS) is becoming a more viable option for companies looking for simplicity, functionality, and versatility.

SaaS, or Software-as-a-Service, is a cloud-based way of delivering software to consumers. Instead of buying and downloading a program, SaaS users subscribe to it. A SaaS framework can be accessed and used from any internet-connected computer. The application itself is hosted on cloud servers that may be located far from the user's location.

SaaS offers the best value and Return on Investment (ROI) among cloud-based models, attracting larger budgets.

Some popular examples of SaaS include:

●      BigCommerce

●      Google Apps

●      Salesforce

●      Dropbox

●      MailChimp

●      ZenDesk

●      DocuSign

●      Slack

●      Hubspot

Here are some features of SaaS that will bowl you over:

#1 Easy Scalability & Integration

The SaaS CRM model allows for rapid scaling, so if your company decides to increase the number of CRM users, it can be achieved in a day. SaaS framework eliminates the need for lengthy requests, testing, IT architecture changes, additional software installations, and waiting period for upscaling.

As the application's use grows, the SaaS provider takes care of scaling it up by adding more database space or computing resources. One can simply change the subscription, and more users will have access to a SaaS solution.

Because of its inherent scalability, cloud-based SaaS allows businesses to grow with ease. Companies can pick and choose the features they need based on their business needs. Companies that have already migrated to the cloud have learned how to scale rapidly. In fact, 20% of businesses have seen an overall reduction in time to market, leaving on-premise rivals in the dust.

#2 High-security Levels

According to a report by LogicMonitor, security is the top concern among 66% of all IT professionals when it comes to implementing an enterprise cloud computing strategy.

SaaS providers distribute their servers around various geographical locations and maintain automated backups, ensuring a higher degree of protection than your own company might provide. SaaS can be much more secure than on-premise applications with the right technologies and best practices. The organizations will have several choices for maintaining control of security infrastructure, such as encryption of customer data.

Pre-existing disaster recovery mechanisms are in effect in cloud SaaS to handle possible device failures. This ensures that the company's data will be accessible and safe even though there is a data breach or a device failure. Most SaaS models are known for their enterprise-level security, which is more comprehensive than many centralized, on-premise solutions.

#3 Increased Collaboration

SaaS development improves a company's ability to facilitate cooperation across teams and departments due to the facilitation of file sharing and distinct ease of accessibility and understanding across systems.

In today’s world, the need for a streamlined and unique collaboration framework is of topmost priority. You need SaaS because it allows you to

❖     Get the whole team together (no matter how dispersed they are)

❖     Incorporate ideas that can be easily exchanged and brainstormed.

❖     Examine the development of the project in real-time.

❖     Ascertain that everybody is on the same page.

❖     Acquire from everyone exactly what is expected of them.

“61% of businesses leading the pack in terms of cloud deployment said that SaaS products offer them increased collaboration, both internally and externally.”

– IBM Center for Applied Insights

#4 New Releases & Regular Updates

SaaS framework allows each user to easily customize applications to suit their business processes without disrupting the shared infrastructure. These customizations are unique to each company or consumer, and they can maintain the upgrades in their SaaS applications.

When a provider uses SaaS, the solution is upgraded and made available to their customers. Upgrades and new launches are less expensive and time-consuming than the standard model that requires you to purchase and install an update kit (or pay for specialized services to get the environment upgraded).

As a result, SaaS providers can update their products more often, with less risk to their customers and a lower adoption rate.

#5 Reduced Costs & Flexible Payment Structures

For a variety of purposes, SaaS can provide notable savings.  First and foremost, it removes both the initial purchase and implementation costs, as well as ongoing costs such as repairs and improvements. SaaS software can be quickly downloaded and managed.  Businesses do not have to invest a huge amount in hardware installations. Instead, they can choose from several different pricing models.

Another benefit is that you can quickly scale your client base because SaaS allows small and medium companies to use software that they would not have used otherwise due to the high licensing cost. Maintenance costs are also reduced because the SaaS provider owns the environment shared by all customers who use the service.

According to reports, you'll save 15% on IT investment and 16.7% on IT maintenance costs if you move to the cloud.

#6 Easy Accessibility

SaaS applications can be accessed from any computer anywhere. This provides a lot of versatility for businesses: workers can work from anywhere in the world, and users can access their files from anywhere.

Furthermore, most users have several devices and turn them out frequently; they don't need to reinstall SaaS applications or buy new licenses every time they switch devices.

The SaaS CRM, which is hosted in the cloud and accessible through the internet, is ideal for salespeople who spend the majority of their time on the road.

#7 No Substantial Initial Payment

There are no high upfront costs with SaaS since it follows the pay-as-you-go model. To use CRM as a tool, you pay a monthly or annual subscription fee.

One of the reasons why smaller businesses and start-ups prefer SaaS is that they do not have the financial resources to invest in a CRM solution, even though it is considered business-critical. Rather than paying an enormous upfront cost as needed in an on-premise solution, SaaS can be considered because of the subscription-based method it offers. It also eliminates the extreme financial risk of buying expensive software.

Conclusion

To sum up, the key advantages of SaaS CRM are:

> The absence of IT issues, implying that the user is not required to purchase, install, or manage any hardware.

> No high upfront license fees, particularly for maintenance and upgrades.

> SaaS provides a versatile and scalable IT solution that is compatible with a variety of other business tools, allowing for easy customization.

SaaS offers an interesting alternative to conventional business software installation (traditional model), which requires you to create the server, install the program, and configure it. Instead, the applications are hosted on a remote cloud network that can be accessed through the web or an API, and it functions similarly to a rental.

The advantages of SaaS are numerous. Businesses all over the world are migrating to the cloud, where they can rent resources conveniently and live a worry-free life.