What could be more attractive to an enthusiast than pursuing your own idea and launching a successful startup? I think most would agree that such a prospect is at least a goal, and at most a dream. However, it is not that easy to do, because working on a startup is not just an idea, but the implementation of an innovation. In addition, any newcomer will have to deal with working on a competent business model. This is where the team of professionals in building saas finance for startup comes to the rescue.
It should be noted that working on an idea and all of its accompanying components (for example, market research or finding investors) is a more complicated process than working on a business model. That is why today we are going to introduce you to one of the advanced ones, namely the SaaS model.
What is SaaS?
So, have you thought about what it takes to, for example, run and maintain a simple e-mail service? To begin with, you have to configure the server, then put the necessary software and mail transfer agent (and of course do it so that it is realistic to work with in the future), then put the mail client on the PC and make it work. And then there’s the work of ongoing maintenance, dealing with skews and spam attacks, and so on. Today, however, most people use web-based e-mail options. How is it that most of this kind of process has become much easier to understand and work with? This is where a concept like SaaS (Software As a Service) comes into the arena. This model of interaction implies granting a license to a product through the implementation of a subscription. As we’ve already mentioned before, it became completely irrelevant to shove the product onto personal computers, which led to the use of cloud solutions. Accordingly, getting access to the necessary software has become more convenient through the use of the Internet.
How the SaaS model helps startups: the benefits of using the model
To date, there are four reasons why using cloud storage and the SaaS model is a winning option when working on a startup. I suggest exploring the benefits of these tools together.
- Previously, in order for the software to work, you needed a stationary medium on which to put the application and set up and run it. Now you can skip this step and this is one of the key advantages. In addition, another bold plus is that there are no special requirements for the technical characteristics of the equipment, either. In order to carry out the activity, you only need access to the network. That is, if before you had to take care of the right software, the amount of memory on the PC (after all, somewhere to store information), then for SaaS – this is not a criterion of performance. At least because you have cloud storage and SaaS applications automatically save the changes you make. Thus, we have another advantage in the form of convenient storage of all data.
- Using SaaS, you no longer need to make a separate version of the product for each device. That is, the person who will use your application will be able to come in from a smartphone or PC and use your product. Given that, everything will look like you need it to and function adequately. Agree, you get a decent saving of time, creativity and finances.
- Another obvious plus is that there is no theft of your property. The fact is that the final product of implementation is in the cloud, that is, the person who came to steal it, just can’t get it. Everything operates on the system: pay and then use. In addition, because you save on many of the costly processes, it’s possible to set quite affordable usage fees for customers. This helps to increase profits by attracting a large number of people.
- One last thing worth mentioning is upgrades. Those who use SaaS always get the latest version of the product. And most importantly, you don’t have to do anything to get it. Accordingly, you will be able to provide services that meet the requirement of modernity. We are talking about the slogan: “the faster and better, the better”. This is possible thanks to cloud service providers, who take care of the red tape of updates (including fixing various mishaps).
