How is your company doing with managing and collecting data? Are you continually hiring more employees to manage your software, keep licenses up-to-date, and ensure the integrity of your data? Are you needing to have more space for employees and equipment as your company grows?
You may benefit from finding a Software as a Service, or SaaS company to help manage data for your business. This article only discusses five ways a SaaS company can help your business, there are quite a few more. If you are interested in learning about them, this is a good start: What is a SaaS Company?
Free-Up Physical Space
When your business needs to expand to produce more products or hire more employees, having a SaaS company can help. You can get rid of your servers and the roles associated with managing servers and licensing software. A SaaS will take care of this through the cloud. Employees can change roles and still be productive within the organization.
An IT team troubleshooting problems is also a part of the SaaS company’s services. The IT team you have now could be retrained and put into the production part of your business. Training is also a very big part of a SaaS company; it will ensure your business’s team members are up-to-speed on the software the company offers.
Get Real-Time Data
SaaS companies help you get real-time reports and data. This is especially important in demanding industries, such as venture capital where a private equity software platform might be extremely useful. Since the data is uploaded into the cloud from multiple devices, you can see the growth of your business in real-time and make better-informed decisions. These platforms are especially useful when sorting through both structured and unstructured sets of big data. Oftentimes, big data can be a business’s best friend and worst enemy. If you do not have a platform to help organize, sort, and analyze your data warehouse, you might be missing out on some chances to for profit.
Improve Security
Although a SaaS company can help with the security of your business on its end, your business needs to maintain high-security standards. Without both teams working together on keeping the business’s data secure, there will be problems. A SaaS company keeps your software updated and makes sure software patches are installed. The company keeps the business’s data very secure.
To do your part, the employees need to update passwords regularly. Your business needs rules in place for handling different types of data, for instance, classified data should never leave certain rooms, or be discussed around certain people. This relationship is like having a very safe car, but the driver needs to drive safely.
Ensure Data Integrity
Data integrity comes from a clear knowledge of when, by whom, and why a change was made. A SaaS company keeps track of all changes made to the business’s data. Since the data can be uploaded to the cloud from multiple team members at any given time, the SaaS company keeps very clean records on who sent the updates, when they were sent, and if needed, why.
Reports for a business are hard to believe if the business does not trust the integrity of the data. Your SaaS company will work hard to ensure your business data is clean and you will be able to trust the data reports presented.
Manage Software
Managing software for your business takes a lot of work, you need to know when patches are available, when to renew licenses, and when software is no longer supported. A SaaS company can help with all of this. When software is no longer supported a SaaS company will help your business quickly transfer to the latest software.
You would not want to be caught off guard when a software product you’re using is no longer supported. Businesses have lost a lot of data when they were unprepared for these changes.
Change can be difficult for most people. You should remember your employees will worry about their future with your business, and you should be up-front with them. Let them know the changes are occurring, training will occur, and current employees will still have a place in your business.
Final Thoughts
A SaaS company will not take over responsibilities quickly, these changes take time. The company will need to assess and evaluate your needs, and you will need to make choices on how you move forward. Over time you will see the amazing benefits a SaaS company can bring to your business.
