10 Reasons You Need to Join the SaaS Revolution
February 13th, 2020 (Updated 08/15/2022) | 5 min. read
By Tolu Oke
Learn the Real Cost of Being Left Behind in the SaaS Revolution.
Why is everyone talking about SaaS (software as a service) anyway? What benefits can a cloud-based system offer that an on-premise one can’t? What about the ongoing cost? And lack of overall control? Isn’t data at risk in the cloud? Doesn’t slow and steady always win the race?
Why would I want to totally disrupt business to move all data, systems, and processes to the cloud? What’s wrong with the way things are now? Here’s some of the positives that you will definitely relish.
No More Paying Through the Teeth
On-premise solutions require massive and potentially cost-prohibitive upfront investment (servers, hardware, licenses, downtime). SaaS systems have monthly or annual pay-as-you-go pricing models. Not only does this remove the cost risk at the start of the transformation, but you make the transition quickly and don’t end up paying for features or capabilities you have no use of.
Endless On-the-fly Scaling
A huge benefit of being in the cloud is its scalability. Any sudden spikes in traffic are absorbed easily and the system is designed to scale with you—up or down—to ensure you’re ready for anything but never paying for more than you need! Essential in the digital age.
Say Goodbye to Wasted Skills and Money
With SaaS systems, software maintenance is the vendor’s responsibility, so your IT teams don’t need to waste their precious time on installation, licensing, training, hardware, security, or updates. Instead, your solution is fully managed by dedicated experts, you’re always on the latest version of the software, downtime is minimized, and your IT team can dedicate themselves to business-critical tasks and that all-important customer experience.
Slow Motion? Not Anymore
Compared to traditional on-premise software, SaaS boasts much faster implementation and adoption times, as well as less downtime and shorter time-to-value intervals. The last thing you need once you’ve made the big decision to take your company through a digital transformation is to skid to a halt before you’ve begun.
A cloud-based system allows your employees to work (even collaborate) when they’re not at their desks—they can access their work from anywhere with an Internet connection and from any device. Hardly a modern-day marvel, right? But with on-premise, you don’t get the luxury. Each instance of the software has to be installed on every device and the security of its data has to be managed by your IT team. Staff sick days and travel days are a write-off.
A common worry with cloud-based software is that data won’t be safe. Understandably, it doesn’t feel like you’re treating data securely when you’re handing it over to a third party. But by choosing a software provider that puts security at its core, you’re actually likely moving your security efforts up a gear as they are likely working to a security level your business doesn’t have in-house skills or budget to achieve.
Agility That Works for You
As on-premise software has infrequent (and sometimes costly) upgrades, your technology is given the chance to fall up to a year behind! But by choosing an agile software provider, you’re getting technology that is constantly evolving, with regular and non-disruptive updates that deliver enhancements and fixes that keep your business running at peak efficiency.
You Really Matter
The stakes are high for a SaaS provider and keeping you satisfied is a big part of the open bond between you and them. After all, the flexibility of a pay-as-you-go model means they need to constantly maintain, improve, and personalize their service to you. So, not only will you get the kind of customer experience you’re working with your own brand on delivering, but you can work with the vendor on customizations that result in bespoke software that suits your every need.
This symbiotic relationship between you and the vendor promotes transparency, trust, and shared success.
You’re Gaining Competitive Ground
If you think your competitors aren’t investing in sophisticated pricing software… think again.
Pricefx is the global leader in holistic price optimization, management, and realization software and is the only truly cloud-native SaaS solution. With the customer relationship center stage, we deliver our powerful solutions to over 95 satisfied clients in 37 countries.
With implementation nearly four times faster than most on-premise solutions and a customer success team dedicated to getting you up and running and your team fully trained, expensive and damaging downtime is minimized, all your favorite integrated third-party systems are ready to go, and you’ll be cooking from gas in no time.
Can You Afford to Ignore SaaS?
With accurate insights into your pricing, margins, customers, competitors and products, you can identify pricing opportunities, weaponize your data, and optimize prices with machine-supported ease.
There is no doubt that transitioning from familiar on-premise or legacy technology to a new cloud-based solution will completely disrupt business as usual, but that’s the point.