Today is the race of digitalization. Every other business is settling towards being digital. Being digital is the trend now as it not only saves much time but has more advantages also.

Digital technology helps a business to streamline their processes, increase efficiency, improve productivity, and save a lot of money.

 What is Software as a Service (SaaS)?

Software as a Service (SaaS) is defined as a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. The word “SaaS” is considered to be nomenclature of cloud computing along with Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Desktop as a Service (DaaS).

The SaaS applications are usually accessed by the users, using a thin client such as a web browser.

Using SaaS is a common delivery model for many business applications including –

  • Office Software
  • Messaging Software
  • Payroll Processing Software
  • Management Software
  • CAD Software
  • Development Software
  • Customer Relationship Management (CRM)
  • Enterprise Resource Planning (ERP)
  • Human Resource Management (HRM)
  • ServiceDesk Management

Also Read: Leading Attributes of Asset Management Software in 2020

Benefits of Software as a Service (SaaS)

There are many benefits of web-based applications delivered via SaaS, it provides a great cost-effective alternative to deliver effective IT to the organization’s business.

List of some benefits are:

  • Affordable
  • Quick to Deploy
  • Zero Infrastructure
  • Seamless Upgrades
  • Guaranteed Levels of Service
  • Backups & Data Recovery
  • Work from Anywhere
  • Security
  • High Adoption Rates
  • Long Term Customer Relationship
Benefits of Software as a Service (SaaS)

Also Read: How Do QR Codes Help in Asset Tracking for a Small Business?

Importance of SaaS-based Asset Management Application

SaaS-based Asset Management Application

SaaS, which is more widely a cloud computing, will help you make the most of your asset management software while giving you access to the latest technology and professional support.

Here, are some potential advantages over the traditional models of business software installation, that SaaS-based asset management application offers:

1. Lower up-front cost

The saas-based asset management application is generally subscription-based and has no up-front license fees resulting in lower initial costs. The SaaS provider manages the IT infrastructure that runs the software, which brings lowers the fees for hardware and software maintenance.

2. Quick set up and deployment

SaaS application is already installed and configured in the cloud. This minimizes common delays resulting from traditional software deployment.

3. Easy upgrades

The SaaS-based asset management application provides a deal with hardware and software updates, deploying upgrades centrally to the hosted applications and removing the workload and responsibility from your end.

4. Accessibility

All you need to access a SaaS application is a browser and an internet connection. This is generally available on a wide range of devices and from anywhere in the world you can make SaaS accessible.

5. Scalability

SaaS will generally offer many subscription options and flexibility to change subscriptions as and when needed, for example when your business grows and there are more users now you will need to access the service according to that amount.

6. Stability & Predictability

It is easy to estimate revenue in a short time period i.e., based on the subscription fees period. Through the SaaS software model, you can monitor all the invoices, contract expiration, change of subscription plan, etc.

So here, with the SaaS software model, the risk of a sudden decrease in revenue is reduced.

7. Personalization & Customization

Software on the SaaS model is highly customizable according to your needs. The software does come with a fixed subscription price but the possibility to change settings and functionalities is always open, to meet your demand.

8. Zero Piracy

SaaS vendor never sells a license for the software, it is delivered as pay-for-use or as a subscription. Here cloud is the platform for data storage and its access to the customer.

It reduces the risk of piracy of software and the data stored as you manage the servers.

9. Service Automation

The best feature of the SaaS-based asset management application is its automation. The system works 24*7 so if you have a bunch of work to store then buy a subscription plan and get everything installed on the 3rd party. This also means that you can earn revenues even when your staff is sleeping.

10. Reduced IT Infrastructure

The IT companies provide software as a service (SaaS) on their own computers and servers for the end-users. This means the companies now don’t need to buy the servers to maintain and manage their data and information.

All information will get installed on the 3rd party. This will not only save time rather also reduce cost, increase profit, and provide flexibility in uses.

Also Read: How Bluetooth Technology (BLE Beacon) Helps in Asset Tracking?

Limitations of SaaS-based Asset Management Application

Nothing is perfect, not even the SaaS software model. There are few obstructions that limit the SaaS software model and need to be disclosed, like:

  • Lack of Control

While hosting your data you are also giving control to the 3rd party provider. You shall be comfortable to rely on 3rd parties to manage your critical data.

  • Limited Range of Applications

SaaS software model is gaining immense popularity but still, there are many applications that are not provided by the hosting provider.

  • Connectivity Requirement

As SaaS is web-hosted, you will always be having to connect to the internet. Or in other words, you will not be able to work in the internet dead zone.

  • Performance

SaaS application runs at a pretty good speed but not as fast as instant computing, it always works a bit slower than the server’s application.

Also Read: Powerful Asset Management Features Provided by Asset Infinity

Conclusion

There are several advantages of SaaS-based asset management applications like data storage, personalized computing, sharing & collaboration, scaling, etc.

Compiling the whole, SaaS-based asset management application is a good and efficient software to make your work easy to manage, that too from anywhere around the globe.

Asset Infinity provides the SaaS-based asset management application, you can get a free 14-day trial.

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