What is SaaS ?

SaaS or, Software as a service refers to a process where a software application is provided as a service by a vendor or, a service provider. The service provider hosts the remote application over a network and the client who buys in to the service utilizes the features of the software. Additionally, it provides the customers with the facility to store their data in the cloud. 

1. See Benefits in least time:  

For many SaaS applications, installation is as simple as having an internet connection and acquiring a log-in. Furthermore, maintenance responsibilities are shifted from your IT department to the vendor itself. This eliminates extra work hours and downtime that might have been necessary to upgrade conventional software. Finally, SaaS apps tend to have a smaller learning curve which means quicker adoption across your workforce. 

2. Pay as per usage  

This feature of the SaaS permits retailers to maintain their relationship with their SaaS vendors without any commitment and just pay periodically for their SaaS related service. It implies that the retailer does not perform any upfront investment instead of paying only for what it is using. The feature makes it very convenient for the retail management to assess the SaaS benefits as regards its return on expense since the SaaS expense can be treated as an operational expense (OPEX) rather than a part of the  capital expenditure (CAPEX).


3. Confidentiality, reliability & data security :  

Retail companies spend a ton on procuring licenses, compliance logistics & expenses and security tools to maintain the reliability, safety and the confidentiality of their valued data. The SaaS solutions with its innate maintenance, security and reliability regulation features saves operational cost besides ensuring the maintenance of the data and information stored in the cloud and ensuring speed of access to the same.

4. Maintenance & Upgrades :  

Upgrades and software renewals, regulation of the response time, IT-related logistics and server management is taken care of by the outsourced vendor of SaaS. This means that retail management spends nothing extra in terms of capital or, time in the maintenance of the SaaS framework. Regular programming updates and crisis fixes lends the best in class programming as opposed to holding up of time and assets devouring upgrades.

5. Corporate-stores coordination :  

With real-time data, information and solution, SaaS will provide the perfect environment and elevate the communication channels for the corporate headquarters to stay in touch at all times with the people on the ground. The corporate people will continue getting access to real-time data thereby helping them to keep a tab on their people and performance. This, in turn, will take care of issues taken care of immediately as well as making sure that the business functions of the retail outlets operate seamlessly and as per the standards and specifications laid out by the compa

Retailers need to embrace innovation to manage the dynamically complicated systems of suppliers, consumers and regulations as also to take their competitors head-on in the market. A scalable SaaS solutions is what they require to increase their core competency and sustain competitive advantage by decreasing expensive inefficiencies and buttressing growth in the streams of revenue. The key is to administer and regulate data for optimum performance and making a difference in the ways the retail should perform and deliver for maximum customer satisfaction.