About SaaS
Software as a Service (SaaS) — also referred to as On-Demand — is a breakthrough in technology delivery, a growing phenomenon in worldwide business today as companies realize the tremendous benefits of this innovative concept. With SaaS, there is no hardware and software involved, all are installed, tested, and maintained by the service provider. Implementations are measured in weeks, not months or even years. By paying a fixed monthly fee, you get access to the applications and services through internet. No upgrading costs, incredible speed and flexibility, empowered and excited end-users.
Compared with the conventional purchased software, SaaS provides a simpler, faster, and more affordable way for businesses to take advantage of powerful technology tools that streamline and automate operations throughout the enterprise, and provide a superior user experience.
Comparison between Conventional Purchased Software and Software-as-a-Service
| Purchased Software | Software-as-a-Service (SaaS) | |
|---|---|---|
| Initial investment | High — upfront expense in hardware, software, data server and operating system | Low — pay-as-you go expense with an initial setup fee |
| Total cost of ownership | High — upfront cost, ongoing costs of upgrading and maintenance, IT resources | Low — fixed monthly subscription fee |
| Time to Deploy | Long — time required to install and configure applications | Short — no hardware or software installation |
| Risk | High — no control over vendor after purchase, high financial and opportunity risk | Low — no long-term binding, better control over relationship with vendor, share risk with vendor |
| System Security | Managed by the customer | Managed by the service provider |
| Continuity of Service | Low — limited service, ended after warranty period | High — ongoing software maintenance upgrading and support service |
Software systems and hardware platforms require continual investment, constant upgrades and non-stop attention. Even then the obsolescence factor cannot be avoided. With the fast pace of technology advancement, you do not get value by owning the technology, you get value by using it. When considering your software purchase versus service subscription decision, the basic recommendations of procurement and finance apply — if something appreciates, buy it. If it depreciates, subscribe for it.
