Whether you’re a B2B business or even a B2C business, you will benefit from knowing all about SaaS as well as software in general. The way in which businesses work has changed in recent years, and this trend looks likely to continue, with software proving vital to the continued success of a business.
Throughout this article, you will learn more about what SaaS is, and how it practically works. Not only that, but you’ll learn more about the benefits and what it can do for you. Read on to learn more.

Defining SaaS

Firstly, you should be aware of what SaaS actually means. It stands for software as a service and is essentially a software distribution model. It works through a cloud provider, which will host applications and make them available to businesses over the internet, through the cloud.
Businesses will work with an ISV. An ISV is an independent software vendor that will work with a third-party cloud provider to host a specific application. Businesses of all sizes will utilize these software’s, and with certain large businesses, they may supply the cloud as well as the software.

How It Practically Works

Primarily speaking, software as a service works through a cloud delivery model. This allows the software provider to host the application and data through its own database and server. In some cases, they will also work through networks and other computer resources.
An ISV may also work with a cloud provider to directly host the application within their own provider’s data center. The only thing you have to realize about this is that it will need to be connected to a device that has a valid network connection. 

The Benefits It Can Offer

There are quite a few reasons as to why businesses, especially a B2B business, utilize SaaS operations. One of the primary reasons is that they work to lower the costs of a business, as they can provide lower software license costs. It will also save costs with the software needing to be upgraded as it will be taken out of your hands, saving you effort as well as time.
They can also reduce wasted time within your organization, saving you time on installing software as they operate through the cloud. Overall, the scalability and integration of SaaS solutions help update the software and make updates happen instantly, saving effort and time.

How To Optimize Your SaaS Renewals 

If you are working with SaaS, then you will benefit from using a service that renews them for you. It can be time-consuming for you to do this alone, and oftentimes you can leave room for error which leads to overall ineffectiveness. 
This is what leads businesses to utilize automatic renewal management platforms, as they can give you more control over finding inefficiencies. This could let you find opportunities for money being wasted that can be redistributed into other departments within your business. It could also help you to get ahead of the dates that they renew, allowing you to have more of an understanding of your processes.
One of the best ways to deal with your SaaS is to eliminate auto-renewals. When you auto-renew a piece of software, you could be losing out on money, as you could be accessing better deals without even realizing it. You should overall be looking to find out any hidden contract terms, which is easier said than done.
This is why you should work with a business that can take care of this for you. Vendr offers SaaS renewal management tools that can help alleviate your SaaS-buying burdens. These tools aid you in your SaaS renewal processes, which save you costs and time.
All of this is in the aid of optimizing your overall SaaS, which will go a long way in improving your efficiency. Saving costs and just understanding how you can get the most out of SaaS will be key to the overall success of your business.

Other Challenges With SaaS

As with anything you use in business, there will be challenges that you have to fight to overcome, but it will be worth it. For example, a business will need to rely on a third party in the form of an outside vendor. These vendors will provide the software, and help maintain this software. If you get the right one, then you will be able to track and report accurate data.
With SaaS, there is the chance there could be issues that are beyond a businesses control. Providers who provide the software and help maintain it could experience disruption. There may also be unwanted updates that change how the software works, which can be another challenge you must overcome.
Different versions of software could also prove to be a challenge. You may find that some software versions conflict with other software and your internal hardware. This is why it’s important to update all of your software and equipment at the same time if possible.
It can also be quite difficult to switch vendors if already established. That’s because certain SaaS systems can deepen their roots in their business, which means if you want to change you may have to shut down the business for a short time, which no business wants to do.

Security And Privacy

As you may know, SaaS runs through the cloud in most businesses, unless installed into the hardware. As such, you have to be aware of potential cybersecurity concerns that could be associated with software as a service. Whilst there will be similar concerns for traditional software, they will be different concerns.
With traditional software, a software vendor will be solely responsible for working to combat code-based vulnerabilities. The user will be the ones who use the software through their own network, leaving security concerns being the responsibility of the vendor.
With SaaS, there are more online security concerns that businesses need to overcome. In most cases, it can be narrowed down to encryption and key management, with businesses needing to find ways to monitor their security processes.

Alternatives To SaaS

It’s worth being aware that SaaS is just one of the three major cloud service models available in the industry. As well as SaaS, you have IaaS and PaaS. These models work through the cloud and utilize data to deliver resources to businesses.
Whilst the models are similar, they differ in their own results. As you may know by now, SaaS applications don’t require any physical download. The software vendors themselves will be the ones who handle the maintenance needs and take care of upgrades and provide general support for managing the software.
IaaS is often used by companies to outsource data and overall computer systems to cloud providers, meaning that they will need servers, storage and networking hardware. Businesses utilizing these services will be able to use their data and applications however they see fit.
Finally, with PaaS, you will be provided with a framework of resources to help develop certain systems within a business. This cloud-based platform enables software developers to create customized applications for the purpose of businesses. The software vendor themselves will manage the data resources to assist in the support of the tools.


Claire Ward