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Software as a Service (SaaS): The Advantages and Benefits for Businesses

We outline the benefits and advantages of software as a service as an offering for your customers

1 mins read
Published July 05, 2023
By Josh Comery

What is SaaS?

Software as a Service (SaaS) is simply software offered out to your clients at some kind of monthly/annual subscription price. Typically these are always web based platforms, and the customer gets to enjoy new functionality and a self hosted platform, all for one easy simple cost.

HOW DOES SaaS BENEFIT THE CONSUMER?

SaaS simplifies rollout, and improves costs by removing any upfront hardware costs. It's also especially useful if you need the flexibility to scale up an down at different times, having the ability to upgrade and downgrade plans with a single click instead of costly hardware/software changes and having redundant hardware costs.

SAAS HELPS PROOF OF CONCEPT IDEAS

SaaS products allow you to fulfil a Proof of Concept (POC). POCs are great for businesses who want to test an idea or project before diving in with a permanent investment. A simple subscription allows the user to immediately test the viability of an idea, with the ability to scale up or down costs based on the success of the project.

HOW DOES SAAS BENEFIT THE PROVIDER?

As a SaaS provider there a lot of benefits.

  • Little to no installation setup time required. New clients can sign up and begin using your product almost instantly.
  • A regular income stream; Rather than having a one off payment, SaaS providers can have a more stable income allowing more investment in building out the product further, keeping existing clients and attracting new clients.
  • Simplified offering; With flexible options for scaling and size, you unlock many different offerings to potential clients.

HOW DO I BUILD A SAAS PRODUCT?

There are many ways to build a SaaS product. If you have your own full time development team, you could provision them to build out the solution and manage all of the risks and resource management, or alternatively a common method is to hire a bespoke software company. At Atreon we offer our clients the ability to quickly build up their own SaaS platform in as little as 4 weeks, with multiple payment models available.

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