Procurement processes were not similar as was a decade ago, thanks to SaaS. Technology leaders like Amazon, Google and Salesforce. They are witnesses to how technology provides the fruits of success if leveraged wisely. Procurement teams have understood that it is the evolving technology that will continue to impact business. Using SaaS tools as a means to improve business operations including procurement processes provide organizations with long term benefits.
- Lower cost of ownership
One reason procurement managers and IT leaders are selecting SaaS solution is due to model’s relative low cost, especially when compared with on-premise counterparts. With SaaS solutions, you don’t need to make pricey hardware purchases or pay for expensive local installations. Teams become least bothered about the additional upgrades or maintenance since everything is well taken care off on the vendor’s end. As a result procurement processes get streamlined
- Testing before purchase
In the world of on-premise software, there was no saying like “try before you buy”. Procurement teams had to spend long time evaluating new software, visiting the vendor’s locations, sitting through demos. Only after completion of implementation process,could teams actually evaluate the efficacy of the new software.
Trying out and testing a new system to check its flexibility to adhere to an organization’s procurement process is something that every company would want. With SaaS tools, enterprises can experience test drives via sandbox in their own organization’s environment, ensuring the solution is fit and will work seamlessly with the organization processes.
- Seamless Scalability
With SaaS technology, it is easy to add more users by simply changing your subscription. Again, these do not require on-site changes so as to rescale. Conversely, it’s also easy to scale down, and you won’t have any costly systems sitting around going unused. By relying on third party infrastructures, you can scale the software easily and manage your business efficiently.
- Easy to update
Traditional on-premise solutions need costly updates at least once in a year. SaaS solutions are updated on a continuing basis, and these updates are then deployed to all customers immediately. This additionally suggests that bugs get fixed faster, and vendors usually take client experience to heart when they are developing new options and features.
- Simple to implement
IT leaders and procurement teams are no longer heads down on a single application implementation for months or perhaps for years, instead they can work directly with the vendor’s services team for the implementation so as to be as hand-off as possible.
When you don’t need additional hardware or local installations, you don’t just save money, you also save time. Consumers can manage the sourcing process including everything from purchase orders to transactions, invoicing, and spend data by using a solution that allows them to interact in real-time, so the less downtime is needed for implementation.
If your procurement processes do not involve using a cloud-based, software as a service (SaaS) solution, then you need to reconsider. Get your procurement deployed on cloud soon and reap all possible benefits for better success of your business.
Agencyonnet is a comprehensive all-in-one technology enabled SaaS solutions for marketing and procurement teams worldwide. Please visit www.agencyonnet.com to set up a demo of the product or connect with us through our social links to find out how we can add value to your marketing & procurement teams