SaaS 101: What is SaaS, and how does it facilitate businesses

For businesses, the bottom line is customer satisfaction. This gratification is not an easy goal since consumers are picky about the services they are willing to pay for.

During the pandemic of 2019, companies could no longer keep up with the growing demands, lack of operational consistencies, and failure to maintain inventory, thus shutting down.

Simultaneously, for many enterprises, this also opened up an opportunity to explore remote work options and take advantage of modern technology.

One of the growing territories that got explored was SaaS. This technology is a software distribution model in which a cloud provider manages applications and passes them on to clients.

So what is this subscription-based service?

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How is it helping businesses?

Here’s what you need to know:

SaaS 101: What is SaaS, and how does it facilitate businesses 1
SaaS 101: What is SaaS, and how does it facilitate businesses 2

What Is SaaS?

SaaS stands for software as a service. Its primary purpose is to deliver applications of any niche over the internet in exchange for money. So, this helps a customer bypass the hefty process of installing and looking after software and only has to pay for it online.

As this is a cloud computing system, the applications can run on any operating system and device. So, whether you possess an iPhone or have a handy Samsung, it doesn’t matter.

Netflix is one of the most popular SaaS known to the global population, with over 190 million users. Apart from entertainment, small business owners like yourself can also use this nifty product.

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If you’re in the market for e-commerce or running your enterprise online, you should go to NetSuite managed services and let them take care of you. This facility is a valuable tool if you need help with accounting, financial management, or want to improve customer relations without the complications of dealing with complex software.

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How SaaS Help Businesses?

While it’s natural to be skeptical of a service you have no control over. There is a lot you can do in exchange for your service.

As a business, you have enough on your plate, and using these ready-made applications may be your best solution. You’re browsing through business management like a pro through one tap on your phone or logging in through your website. Here’s how SaaS helps:

Extremely Cost Effective

The cost of maintaining an entire IT infrastructure is not cheap. You must purchase high-end equipment, run several tests and ensure you train your employees to use the system. SaaS is the perfect intervention for this scenario.

Instead of investing heavily to build your software, you can look into other avenues. You can license the software while paying a reasonable subscription fee. SaaS produces business models according to your needs. So, the cost is adjusted according to the number of features you need access to run your business.

You may need to provide a minimum investment price, but the cost is far too trivial for you to worry about. This service solution also reduces your investment risk and helps you free up your budget for more capitalistic ventures.

Eye Catching Features

Cloud platforms are continuously upgrading as they go. You may have started with one model but may be using an improved version now. However, additional features such as better designs, layouts, and navigation are not for you alone. Your customers can enjoy them too.

SaaS automatically fixes bugs and introduces new features like faster payment methods, QR codes to scan and search, or making your business application more interactive.

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As a result, your consumers get to witness cutting-edge technology and enjoy interacting with your company. Clients like aesthetics, and keeping them happy is essential.

This factor is why companies like Amazon prime invest in making easy-to-use apps that follow a color scheme, have a specific font size and use particular images to add appeal. After all, you can no longer use a design introduced ten years ago. The appearance of your model adds to the overall consumer experience.

Enhanced Efficiency

You can start using your SaaS model right away. There is no need for you to step up in-person meetings or get additional hardware to initiate the process. Once you’ve agreed to work with a vendor, they will remotely manage your work over the cloud.

The SaaS system is generally spread over various departments and cloud platforms to ensure you never experience a loss in data or work. You can also access your model anytime, whether working from home or choosing to handle your company with your phone.

You can also transfer your files, reports, and documents through encrypted channels to your employees. To outsource work, you must hire the added talent to your network. So not only are you collaborating with other existing partnerships and businesses but there is no end to the network you can build for yourself.

You can expand through business contracts and maximize productivity since everything you need is in your hands.

Has The Perfect Security Layer

Cloud systems are not ordinary channels. These are highly secure and cannot be penetrated easily. For any business, the data they store is susceptible. Information needs regular backups, and your data gets archived by SaaS.

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You can restrict access and decide who can view your documents and when. You can get unique security codes tailored for your model. Corrupting a cloud system is also not easy since it is continuously monitored. In case of a data leak, SaaS already has a recovery mode.

So without worrying about your data getting hacked, you can focus on building a reputation with your consumers. You can use the same model to track their responsiveness to your business and ensure your cash flow never gets interrupted.

Final Thoughts

One of the most significant challenges any business endures is trying to keep its clients interested. However, with technology like SaaS getting popular, it is much easier to manage business operations.

This cloud distributing system helps most small businesses take their company to the next level. Whether you need help getting clients, a server to run your business, or want to keep productivity high, you can achieve all this for a nominal fee.

Additionally, SaaS protects your data, keeps up with the latest trends, and ensures you’re working on upgraded software. Your company can rise to new heights when all these factors work together.

Rahul Setia was born and raised in the Kaithal, Haryana. He worked at brands like Jabong, ProProfs etc. He was also in the List of Top 100 Social Media Influencer's 2019 by Status Brew. He lives in Delhi/NCR and is a Digital Gig & Founder of Websites i.e TechBlogCorner.com, ViralMasalla.com, DealorCoupons.com. Follow me on: LinkedIn, @rahulsetia007 and Facebook.

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