Software-as-a-Service (SaaS) application software sits on a server in the cloud, eliminating the cost and resource required to run systems in-house. SaaS generally has little or no impact on in-house IT teams since SaaS providers often provide maintenance and training as well as technical and user support.
With compelling financial benefits including eliminating capital costs of server hardware and software, and the on-going expense of licensing, the trend towards online applications has been steadily growing in recent years.
Fast changing market has entered a new phase
Few marketplaces change as fast as the technology sector and over the last decade, many traditional IT hardware companies have repositioned themselves as software and services businesses.
M&A activity and start-ups mean that the market is in a state of constant flux. SaaS is the latest phase of this shift and SaaS companies are being snapped up by larger businesses in the quest for software and services expertise and capability.
This is not to say all SaaS companies are small. The poster-child of SaaS is Salesforce.com which provides a range of services around a core CRM application. Valued at over $19 billion it is hardly a snip and is unlikely to be snapped up by anyone!
Research by Gartner, one of the leaders in IT sector analysis, suggests that the market has entered a new phase of development. Many businesses have adopted SaaS to supplement and run alongside software run by the in-house IT team.
As in-house applications reach end-of-life, businesses may seek to rationalise software and are likely to replace in-house applications with SaaS because the benefits are just too hard to ignore.
Great value from Expense On Demand
For any business that needs to take control of employee expenses, Expense On Demand offers all the hard to ignore benefits of SaaS. However not all SaaS applications are created equal – some are just not as comprehensive as others.
Expense On Demand offers excellent value because the software is packed with advanced functionality designed to save you time and money. The team behind the application includes experts in financial accounting, tax and software development. Expense On Demand also provides pre-sales expertise to ensure a successful and trouble free implementation that will deliver value month after month and year after year.