How SaaS Helps Small Businesses To Grow Big?
The Software As A Service (SaaS) model is one of the prime reasons for the dramatic digital transformation across industries. Global reports suggest that the SaaS market will reach $623 billion by 2023. Businesses increasingly adopt SaaS due to the sheer benefits it provides. SaaS development services fuelled growth, especially in the small and medium business sectors.
Rising Need For A Collaborative Remote Working Environment
The COVID-19 pandemic has completely changed the way businesses operate. The lockdown restrictions forced all corporations to look for remote working environments. Companies that failed to adapt quickly are no longer functioning because the global pandemic has greatly wreaked havoc on business logistics. According to a Deloitte survey, 93% of businesses are working towards moving to the cloud.
The need for a remote collaborative working environment and the benefits of SaaS solutions have driven corporate giants, such as Salesforce, Oracle, Zendesk, etc., to adopt SaaS solutions. Every industry, including logistics, manufacturing, IT, restaurants, finance, etc., is moving to SaaS solutions, bidding farewell to pen and paper-based transactions.
SaaS For Small Businesses
The SaaS is a cloud-based software model where a third-party application hosts the essential software. Small businesses needing those applications can pay yearly or monthly subscription fees to gain complete and personalized access to required applications. There is no need to worry about licensing or updates because the SaaS partner will ensure 100% uptime of all enterprise applications. In addition, small business employees can access these cloud-based applications directly from their office computers as if the applications are available locally.
The SaaS model is not entirely new, but it has undoubtedly gained a lot of significance in recent years. Small businesses can quickly adopt SaaS due to the low implementation costs. There is minimal capital expenditure, and SaaS solutions offer better features than traditional on-premise solutions. In addition, when businesses expand, the in-house IT team may need help to boost the IT infrastructure to meet the growing business needs. SaaS applications bridge the gap by integrating with other applications, thus expanding the capabilities.
Top Reasons Why Small Businesses Need SaaS
Between 2019 to 2020, the SaaS industry grew by 18%. Also, by the end of 2021, 99% of the companies had started using one or more SaaS solutions. The widespread SaaS model has 14 billion customers globally because the model is hugely beneficial for enterprises.
Improved Business Productivity
SaaS applications are available anytime and anywhere. With granular access control management policies, organizations can establish proper access control so internal teams and external stakeholders can communicate and collaborate easily. Irrespective of where the employees are located, the SaaS model makes the applications available all the time, increasing business productivity. In addition, innovative features are readily available, and businesses can adopt the latest technologies rapidly.
Reduced Operational Costs
The lower cost of the SaaS model is one of the prime reasons for its increase in popularity. Small and medium businesses that don’t have significant liquid capital can benefit significantly from SaaS, which requires minimal capital investment. Organizations can also save on automation as the SaaS model eliminates upfront charges. There is no need to pay for separate licensing and upgrades because the SaaS partner can handle all that. It also gives the flexibility to use only the applications needed instead of purchasing an entire application suite.
Small businesses should always look forward to seizing the opportunity to grow. The IT infrastructure and application environment should also be ready to support the growth and changes. SaaS applications provide a flexible approach, allowing organizations to access applications anytime. The improved flexibility enables small businesses to make dynamic business decisions. The cloud-based model is highly scalable, and the application infrastructure can be expanded dramatically without effort. Huge volumes of data from multiple sources can be easily accessed using SaaS solutions. Applications across multiple platforms can also be used efficiently.
Readily Available Innovations
Businesses can flourish and grow if they can use innovative and powerful technologies. Thanks to the SaaS model, modern and resource-hungry technology, such as machine learning, artificial intelligence, and big data analytics, are now available for small businesses. As a result, small businesses can use innovative solutions for daily operations without financial or advanced technical skills.
Zero Maintenance Cost and Effort
Setting up on-premise IT infrastructure adds to IT and maintenance overhead. The SaaS model eliminates this overhead because the SaaS partner is responsible for maintaining cloud infrastructure. There is no need for periodic server and hardware maintenance, which helps small industry players save costs. The realized cost savings can be invested back into the business. Ideally, small businesses only need to invest in core business technologies.
Another reason for the popularity of the SaaS model is that it is readily available. There is no business downtime when the organization moves to a cloud-based solution. Businesses can customize SaaS applications within minutes and start using the solutions immediately. New feature upgrades and incremental changes are also readily available.
Date and application security is a primary concern for IT infrastructure solutions. The SaaS solutions automatically provide increased security by storing data and applications on the cloud. In addition, cloud security protocols are advanced, eliminating the risk associated with data loss. When data is readily available on the cloud, appropriate security protocols are implemented by SaaS vendors to ensure data integrity, safety, and security.
One of the biggest reasons for the increasing adoption of SaaS is its support for location independence. Organizations suddenly have access to a larger pool because the SaaS platform provides the remote working ability. It will help businesses to hire independent contractors from anywhere in the world to complete the tasks on time.
Improved Customer Experience
SaaS platforms are continually updated, and innovations are constantly implemented to enhance customer experience. Businesses using better platforms can also create products that provide the best user experience. Also, a unified platform improves collaboration and increases employee engagement. The decreased pressure on the IT department encourages self-service among employees so that everyone uses modern technology without any inhibition.
To get the best out of SaaS investment, businesses must partner with the right vendor. With certified experts and end-to-end solutions, Apptread delivers comprehensive SaaS application development services to all companies using the latest technology solutions. Call us to learn how to achieve digital transformation rapidly and efficiently.