From the overhead of in-house resources and physical servers, to missed revenue opportunities from lack of computing power, on-premise costs can add up to hundreds of thousands of dollars or more.
Below are four of the hidden costs of an on premise solution compared to SaaS.
1. Missed revenue opportunities
By running your own software environment, you may find it difficult to respond quickly to spikes in customer demand. When using SaaS, organisations can seamlessly scale up to accommodate high load periods. SaaS is highly beneficial for any organisation that is growing or needs to respond quickly to new demands.2. Business disruption
Organisations with disparate in-house software environments may find it difficult to embrace SaaS. Different software vendors may have varied SaaS capabilities which could result in costly integration projects. A single, integrated SaaS ERP platform removes the need for costly integration and enables you to embrace the full benefits of a true SaaS solution.3. Compliance costs
Complying to the ever-changing privacy and security regulations can be a massive burden for organisations to maintain for on-premise software. Organisations can reduce their compliance workload by shifting to a SaaS platform that complies with Australian and New Zealand regulations.4. Disaster recovery
Disaster recovery (DR) can be a costly and time-consuming process for on-premise solutions. With SaaS, the vendor will take care of backups and disaster recovery, allowing you to focus on your core business, rather than securing the software.
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