In the digital and cloud age, there are countless SaaS applications and many ways you can integrate, customize, and configure them for your business processes. However, any company, be it a government agency, an oil refinery, or a third-party logistics company. should have a SaaS strategy in place before starting to evaluate online business applications. He should also be well-versed in technology.
Why are businesses adopting SaaS technologies?
Before the pandemic, remote and hybrid work options existed. However, there has been a significant increase in the number of employees who prefer to work outside the office over the last few years. Employer support for this trend has also increased.
A 2021 Upwork survey found that 28% of the workforce will work entirely remotely by 2026. SaaS applications make information accessible to users from wherever internet connectivity is available. Cloud-hosted software has broken down traditional office boundaries. Many of us would like to be able to work remotely, at customer locations or anywhere else we choose.
In the early days of SaaS, many organizations were resistant to cloud-based applications. Nevertheless, online app security has improved with better encryption and multifactor authentication. Even regulated industries like oil and Gas and insurance are embracing cloud apps.
Wi-Fi and mobile network speeds have never been faster. SaaS apps now have more speed and data inclusion, allowing you to make quicker and more accurate decisions.
Security is not something that can be easily compared to SaaS vendors. They used to have poor reputations for application availability and stability. Cloud platforms now offer better load balancing, disaster relief planning, as well as cloud-oriented architectures. The cloud-based enterprise resource planning (or ERP), applications, and data availability are more efficient than ever, without the additional technology overhead that traditional on-premises applications need.
5. Technological Advancements
In the early days of SaaS, applications were created using similar methods and coding language to on-premises software. Flash forward to today where continuous development, deployment, microservices methodologies, open APIs and are all common. and other cloud-native apps (not cloud-based), make SaaS business applications reliable, secure, and fast.
Holistic Approach to SaaS Adoption
Many companies working in certain industry segments, such as pipeline construction or oil drilling, have office workers located hundreds of miles from their core operations. This allows field workers to have privileged access to their headquarters. It is possible to access information such as the day-to-day activities of employees to meet safety standards, equipment health, and production quotas.
Many companies hire consulting firms to manage the entire lifecycle of their SaaS applications’ vendor evaluation, procurement, implementation, and customization.
Companies that try to focus on SaaS by themselves are more likely to lose out to their competitors and compromise their other business ventures. It’s not easy to manage core responsibilities and implement new SaaS applications.
Challenges with SaaS Implementation
It is difficult to manage these tasks because most cloud-forward companies use SaaS applications for:
- Accounting and financials
- Collaboration, productivity and communication
- Data collection, capture and conversion
- Document and contract management
- Project management
- Asset management
- Human capital management
- Analytics and Reporting
- Customer, supplier, and partner relationship management
- Marketing, graphic design, and online sales
There are many industry and business-niche-specific cloud applications available in the market. Technology consultants with industry knowledge can help you make the right decision if cross-industry or industry-specific apps might be best suited to your digital transformation project.
Importance of SaaS Plans
It’s not too late to create a SaaS plan if you haven’t done so since the beginning of your cloud journey. Talking to SaaS consultants or vendors might help you learn more about what information should be included in your plan. When developing your SaaS plan, consider the following:
- What are your goals in adopting cloud-based business apps?
- Which business processes do you want to digitize and streamline?
- What are your ideal success indicators for cloud ecosystems or specific applications?
- What are your annual SaaS budget and ROI expectations
- Will you use an interdepartmental ERP platform?
- How will your change management process look?
SaaS platforms are a great way to help businesses overcome problems and improve processes when they’re properly structured, implemented, and configured. Integrating ERP platforms and emerging technologies like blockchain, the Internet of Things and AI-powered automation tools with business processes can speed up and increase efficiency.
Three Essential Ingredients to a Successful SaaS Plan
You must ensure that your SaaS plan is well-mapped before you can create an effective one.
How your business processes will change from on-premises software to cloud-based SaaS platforms. Moving to the cloud won’t make your workflows more efficient or less complex.
Your data scrubbing Data cleansing, cleansing, conversion, and migration processes. Some legacy applications may be storing duplicated or old data in multiple locations. What data should you keep and what data should you delete in order to have reliable cloud sources of truth?
How will you decide to make decisions? Who will participate in phases like vendor selection, business process digitization, and so on? To work with the consulting company throughout the project, who should be part of the SaaS steering group?
Many organizations working in the financial, oil and gas, and utility industries have huge amounts of data, but they struggle to extract useful insights.
SaaS plans can ensure that you get the best value out of your data. They also create important efficiency by allowing users to have access to the right data at the correct time and within the context of their jobs. You don’t have to look far for useful information on SaaS execution and planning.