Not all that long ago, software products used to be purchased in one-off transactions.
Today, it’s common for software to be provided as a service on a subscription basis with little money invested upfront by the customer. This is known as Software as a Service (SaaS).
NeXtrack is a cloud-based SaaS platform for real-time hazard control, helping to allow employers to manage the risks of hazards in the workplace.
But what are the benefits of the SaaS model?
American multinational technology corporation IBM makes the case that SaaS provides an intriguing alternative to standard software installation in the business environment, where you have to build the server, install the application, and configure it.
Instead, the applications reside on a remote cloud network accessed through the web or an API, and it works like a rental. You and your organization have the authorization to use it for a period of time and pay for the software you are using.
According to IMB, the following are five of the top advantages of using SaaS:
1. Reduced time to benefit
Software as a service (SaaS) differs from the traditional model because the software (application) is already installed and configured. You can simply provision the server for an instance in cloud, and in a couple hours, you’ll have the application ready for use. This reduces the time spent on installation and configuration and can reduce the issues that get in the way of the software deployment.
2. Lower costs
SaaS can provide beneficial cost savings since it usually resides in a shared or multi-tenant environment, where the hardware and software license costs are low compared with the traditional model.
Another advantage is that you can rapidly scale your customer base since SaaS allows small and medium businesses to use software that otherwise they would not use due to the high cost of licensing.
Maintenance costs are reduced as well since the SaaS provider owns the environment, and it is split among all customers that use that solution.
3. Scalability and integration
Usually, SaaS solutions reside in cloud environments that are scalable and have integrations with other SaaS offerings. Compared with the traditional model, you don’t have to buy another server or software. You only need to enable a new SaaS offering and, in terms of server capacity planning, the SaaS provider will own that. Additionally, you’ll have the flexibility to scale your SaaS use up and down based on specific needs.
4. New releases (upgrades)
With SaaS, the provider upgrades the solution, and it becomes available for their customers. The costs and effort associated with upgrades and new releases are lower than the traditional model, which usually forces you to buy an upgrade package and install it (or pay for specialized services to upgrade the environment).
5. Easy to use and perform proof-of-concepts
SaaS offerings are easy to use since they already come with baked-in best practices and samples. Users can do proof-of-concepts and test the software functionality or a new release feature in advance. Also, you can have more than one instance with different versions and do a smooth migration. Even for large environments, you can use SaaS offerings to test the software before buying.
The neXtrack solution
We are constantly seeking to develop neXtrack as a SaaS platform further and believe it’s the best way to achieve our mission of making every site a healthy site.
NeXtrack is a new end-to-end digital solution for hazard control and real-time compliance monitoring. The platform helps builders, subcontractors and workers in the construction industry to identify, manage and report on a range of hazards, ensuring every site is a healthy site.
To find out more about how you can LIVE LARGE with neXtrack, please REGISTER HERE.