New to SaaS? Here’s all you need to know!

New to SaaS? Here’s all you need to know!

SaaS stands for Software as a service.

It is a cloud-based service that allows the user to operate an application with the help of a web-based browser. It omits the need of installing Software on the PC and carries all operations and updates through the cloud.

How does SaaS Function?

Software as a Service is a service where specific clients can access applications that are hosted in a centralized cloud. This centralized cloud can be accessed through the Internet. You can think of it as a service that enables end-users to utilize software programs through any device which has internet service.

You may also like to read : Ways to make your Workforce more Adaptable

What is a SaaS Industry?

The SaaS industry is a combination of software-as-a-service companies that are associated with their core business actions. Thousands of new and entrenched SAAS companies are producing solutions to answer every possible business solution as we approach a new technologically advanced age.

What is a Software As A Service Model?

Software As A Service model is a kind of cloud computing in which business software solutions are accessed through the Internet. The SaaS industry model is based on Software hosted on a cloud foundation (for example, available through an application over the Internet) and for which the user pays a monthly subscription.

Some common examples of Software As A Service models are Netflix, Amazon, Zomato and Swiggy.

How does the Software As A Service Model Operate?

The SaaS model includes licensing a centrally hosted software to a consumer, mainly with the help of a subscription plan. This model’s processing happens in three stages:

Recurring payments: This stage includes the process of providing a subscription service where you can pay on a monthly/annual basis.

High customer retention: Customer communications and up-selling are significant in the SaaS model.

Consistent updates: The Software as a Service model provides smaller and more regular enhancements to its services to maintain more powerful client retention.

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What is a SaaS Market?

The SaaS market utilizes standard marketing communications (marcomms) practices to retail cloud software commodities and data services. This procedure concentrates on producing leads for subscription-based SaaS products.

Software as a Service is a system for businesses to market their products utilizing cloud-based apps that receive frequent upgrades and the latest features.

What is a SaaS Solution?

A SaaS solution is Software that allows people to connect and access cloud-based apps over the Internet. SaaS is a comprehensive software solution that is requested from cloud service providers. It is then rented for a certain expense. Your company rents an app, and your employees access this app using an Internet browser.

What is a SaaS Startup?

A SaaS startup is an initiative established by an entrepreneur to discover, develop, and approve a scalable SaaS business model.

What is Software As A Service Business?

A SaaS business makes use of Software as a services to run all its services. A Software-as-a-service business offers all of its available services on the cloud and allows the users to obtain them via the Internet.

There are numerous examples of major SaaS business success in the B2B and B2C arenas, AI and video hosting, entertainment, eCommerce, data analytics, and elsewhere.

What is a SaaS Company?

A software-as-a-service company is an enterprise that hosts and administers a SaaS program. This type of  company facilitates its offered solutions to the customers through the Internet. It manages the servers, databases, and Software that enable the cloud application to be accessible via the Internet.

How many Software As A Service Companies are there?

In 2019 according to a survey, there were about 7000 SaaS companies in the market. This number keeps multiplying every passing second. 2021 has experienced rapid growth in the industry, and it is expected to reach 80% by the end of this year.

What is SAAS – A Product or A Service?

It is a complicated question and has no correct or incorrect answer. SaaS can be viewed as both depending upon the way it is being marketed and utilized.

What is a SaaS App?

A Software-as-a-Service application is any software that is licensed to utilize the SaaS business model. It can be understood as software delivery and monitoring model.

Conclusion

To get SaaS customers, one needs to possess a well-defined long-term strategy. Digital marketing is one of these strategies that is proven effective in promoting SAAS businesses and drawing more customers to the company. SEO strategies, Social Media Marketing and PPC ads are some more ways that assist companies in making a mark in the customer circle.

Software as a service is growing its branches and making its space in all possible industries. Even though companies with an intelligent far-sight had already initiated their shift towards the new technology, Covid 19 was one of the primary reasons why a majority of SaaS startups joined the digital transformation.

When it comes to managing businesses, SaaS solutions like Juntrax have proven effective. Cloud-based Office Management Tools are offering convenience through an integrated setup that is not just comprehensive but also allows remote and flexible access.

Be it the academic sector using cloud-based platforms to organize classes or the OTT platforms utilizing Software as a Service to take entertainment one step ahead, businesses switching to the online portals or customers ordering food online, Software as a service is a robust technology serving all industries.

 

Why would a business use SaaS? 

Why would a business use SaaS?

The Global market witnesses outstanding upgrades every passing second. One such upgrade that redefined functioning is SaaS.

In order to improve their performance, all prominent companies are adopting SaaS as one of the most rapidly growing practices.

What is SaaS? 

Software as a Service, also known as SaaS, is a cloud-based service where instead of downloading the software on your desktop PC or business network to run and update, you get to access an application with the help of an internet browser.

What is saas

These software can range from Office software to communication platforms or entertainment outlets. Many businesses have opted for SaaS solutions to streamline their facilities and services to their target audience.

Read this article to learn more about SaaS : What is SaaS

Architecture of SaaS

Multi-tenant architecture is a major feature of Software as a Service. A multi-tenant architecture allows multiple customers to access and use a single version of an application with the same coding and configuration. In this configuration, hardware, a network, design codes, and an operating system may be included.

The most essential factor in the designing of an SaaS solution is scalability. It is necessary for the smooth installation and usage of the application on numerous devices.

saas architecture

There are cases when an updated or a test version of the application is extended for customer use. In such scenarios, different versions of the software are configured and customised for their customer sites.

SaaS Characteristics

You can interpret an Software as a Service as a locker room. It consists of various lockers and each one comes with a different key to protect its security and safeguard the items stored in the locker. There are numerous lockers in one room and each of them is regularly used. They are used by numerous individuals without worrying about the security of their belongings because they trust the security and services provided by the institution.

Now that you have a basic idea of the functioning of SaaS solutions, let us explore some of its key characteristics –

It comes with a Multitenant Architecture

All the users who avail the services of SaaS are sharing a common infrastructure that shares a single code and configuration. Even though they are using the services separately, with full privacy and security, they are working with a service that is maintained centrally.

It allows effortless customisation

Software as a Service solution allows their customers to avail themselves customised applications as per the requirements of their business venture.

For example, an entertainment based SaaS application will have different requirements as compared to a sales based SaaS application. It allows you to get unique customizations which are further preserved with the help of upgrades. This gives them a cost effective and effective choice of service.

characteristics of saas

It provides remote access

Remote access can rightfully be addressed as the need of this hour. The current pandemic situation highlighted the requirements of a model which allows data security and storage along with remote and flexible access. Software as a Service  provides all these features and allows convenient data management. It allows the users to access their data on any device without any network barriers. It gives real time data updates and ensures comfort of communication and information distribution.

Also read : Do SMBs, SMEs, and Startups need Automated Solutions?

Advantages for Businesses using SaaS

SaaS provides several advantages with a variety of attributes and an effortless user experience.

Here are some of the main characteristics of SaaS –

Ease of Accessibility 

SaaS simplifies user experience by providing flexible accessibility through interfaces and devices. It can run through an internet browser and therefore does not require specific operating systems for access.

For example let us consider the software Juntrax by Juntrax Solutions. It is SaaS based business operations software known for its comprehensive and user friendly management assistance for SMEs and startups. Since it is SaaS based, it can easily be accessed on system interfaces like Windows, Mac, Linux, iOS or even Android.

This flexibility and versatility allows SaaS applications to be accessed even outside office premises or on different devices like computers, laptops, tablets, ipads and mobile phones. This removes the tension for checking the compatibility of the software and provides a smooth and adjustable work environment for both the employees and the admin.

Smooth and fuss free updates

SaaS applications run on a cloud based interface. This allows easy updates on a large scale without causing any hindrance or inconvenience to the user. It allows updates to happen simultaneously while the business processes are being carried out. Unlike on-premise software, it does not require a compatibility check nor does it require the work to stop while the updates are settled in the systems. It also allows easy and prompt security testings before routine updates and effortlessly allows the patches to be applied through the system.

SaaS model is the perfect option to prevent loss of work and time which occur otherwise in the case of on-premise or system specific software.

Benefits of Using SaaS

Hardware

The best attribute of SaaS is that it does not require any additional investment in hardware or any other logistics. Unlike Software as a service applications, on-premise software is system-specific and requires special configuration, external safety aid and a set of different equipment for assistance. On top of these requirements, they also need additional servers and network switches to form a smoothly functioning IT structure.

SaaS applications come with two necessities i.e. an Internet connection and a device where it can run. This device can be a laptop, a computer, a tablet or even a phone. SaaS also inculcates scalability to the system i.e. in case if the enterprise wishes to add more users to their system or reduce them, they can easily adjust that in their billing plan.

Saving and storage

On-premise software requires a backup special generation and consumes a considerable amount of space while storing all data. This creates a need for investment in incredible backup aids. This is where Software as a service, serves to be the most convening and user-friendly option. It inherently works on a cloud-based interface and by default stores all data on the cloud.

This data is conserved through security measures like login credentials and can be accessed as per the requirement and convenience of the subject. It does not occupy any additional space in the device and provides a user-friendly experience. Unlike system-specific software, in the case of Software as a service, the employee can easily shift working from one device to another without any loss of data.

Data and analytics

The centralized platform makes it easy to capture data and provide it for analytics. SaaS software is usually equipped with reporting and intelligence tools and visualizations that provide valuable insights into business operations, allowing streamlined workflows and realized efficiency savings. As access depends on a paid subscription, the vendor does not need to worry about piracy, which might otherwise damage access and pricing.

Why would a business use SaaS -Conclusion

SaaS tends to offer numerous advantages to both the suppliers and the users. While some enterprises might prefer to set up their own cloud management services and use orchestration between devices and sites to control their own data, for the majority of small businesses at least SaaS offers unrivaled opportunities that can help them develop, expand, and provide more value to both staff and customers.

why do businesses use saas

SaaS models offer lower upfront costs than traditional software download and installation. This makes them more available to a wider range of businesses, making it easier for smaller companies to disrupt existing markets while empowering suppliers.

What is SaaS?

What is SaaS?

SaaS stands for Software as a Service.

SaaS is a cloud-based service that allows your desktop PC or business network, to run and update itself through the internet instead of downloading the entire software.

SaaS software and applications

How does SaaS work? 

SaaS stands for Software as a Service. SaaS service refers to software that is hosted centrally over the internet network. SaaS can also be understood as a provider of a wide range of applications through the internet. The process of running SaaS software is carried out through an internet browser. These software applications which are accessed online through the SaaS can be anything from a wide range of business applications to office and communication software.

Office Management System

How is SaaS beneficial for your enterprise?

SaaS is growing as a potential and prevalent trend in all industries. If you are confused about the capabilities of SaaS, here are some of its beneficial aspects –

Accessibility

SaaS is the best solution if you are looking for accessibility and compatibility at a low cost. It comes with a user-friendly interface which is designed to provide a comfortable and seamless user experience.

Flexible and Remote Access

SaaS is flexible in terms of system interface and runs smoothly on different devices like laptops, tablets, mobile phones, and office systems. It can be accessed remotely and does not restrict operations to specific devices of networks.

Benefits of SAAS for an Enterprise

Operational Management 

One of the major advantages of Software as a service is its potential for great operational management. It centralises all processes and yields a seamless experience to the user.

No Extra Cost

SaaS based software interfaces are flexible and can be accessed through any device or system with a simple internet connection. It does not require any extra hardware setup and therefore acts as a mobile service that can be accessed everywhere with the help of required security credentials.

Basic Functionality in Offline mode

There are many SaaS applications that allow basic functionality in offline mode. However, internet connectivity and high-speed networks are a must to access applications and software through SaaS.

Juntrax Software by Juntrax Solutions is a prominent example of SaaS. It is a cloud-based software system that provides office management and HR features and tools to the users.

What are some common examples of Software as a Service? 

Any service which is centralized over an online platform and can be accessed on all devices is termed as a SaaS. Facebook, Instagram, and Snapchat are some of the very common and prominent examples of this. Other examples of SaaS are BigCommerce, Salesforce, Dropbox, MailChimp, ZenDesk, DocuSign, Slack, Hubspot, and Juntrax.

SaaS software and applications

Google apps like Google meets, Google slides, Google maps and Google drive also fall in the category of SaaS.

SaaS applications can be accessed over subscriptions instead of a properly paid license upfront. There are options for customized SaaS services for personal use as well. Companies like Juntrax Solutions add features and tools to their system as per the requirements of their clients.

Important tips for SaaS Startups 

Software as a service is evolving as a very potential market day by day.

It has been estimated that by the year 2035, 80% of all corporate ventures will switch to SaaS.

With this increasing prospective, numerous startups are aspiring to ace the field with their ideas. But before entering every field, some essential factors need to be worked upon. If you are aspiring to have a prosperous startup in the SaaS field, here are some tips which will guide you at your initial stages

Marketing is the ticket to earn customers

Marketing is a very significant aspect of arranging an endeavour. You need to brainstorm ideas that can boost the visibility of your brand and help it reach the masses. Getting to your target audience needs a proper plan of action. Look for innovative and appealing ideas. Try to engage with organic forms of marketing. Conduct research, work with creative campaigns and organise brainstorming sessions. Keep yourself open to ideas and try to read the perspective of your target audience.

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Do not ignore your finances

As a startup, you will encounter numerous constraints as an outcome of your restricted budget. Strive to reach out to funding organisations and propose your idea to them. Manage your finances carefully and allocate them to essential expenditures first. Before making any transaction question yourself whether your startup urgently requires it or not. Good financial management from the very beginning will help you manage and plan your future finances professionally and maturely.

Interconnected technology

The strategy is the key

Always formulate a strategy before instigating your successive stride. Organise your intentions and contemplate on them before putting them to action. Keep proper documentation of your plans and professionally arrange them. After applying your strategy, assess it concerning the growth and benefit of your startup. If you feel that the performance of your enterprise is still stagnant, look for the loopholes and come up with updated strategies. This hit and trial method will help you reach a suitable plan.

Form a team

Divide roles and formulate a team. Dividing responsibilities can help you in better management and therefore yield better results. Having a well-managed team can help you walk through the most challenging times of your journey and give a sturdy foundation to your venture.

Conclusion

There is an enormous market for SaaS ventures out there, but with the increase in customers, there is also a remarkable increase in suppliers. Numerous factors will help you build a strong foundation as you set your foot in the market.

Software as a Service is a combination of technology, creativity and potential. It is redefining the market and is all set to open countless opportunities for all industries.

 

Crafted By: Aditi Srivastava