SaaS applications are a modern way of revolutionizing revenue streams and one of the fastest-growing business delivery models.
SaaS is largely preferred as it can be charged monthly, per-user basis, or, annually giving it the largest value for money. Some examples of SaaS include Zoom, Slack, Hubspot, Shopify, Dropbox, BigCommerce, and so on. For its supreme benefits, such as flexibility and the ability to scale, data protection and privacy is the downside of it. Yet, SaaS application development is still growing as it enhances the workflow while saving a big fortune on other hand.
In simple words, it works like rentals where you are authorized to use it for a short/agreed period of time.
Let’s see the top benefits of a SaaS application development business model –
1. Greater Mobility
In the post-pandemic era, this has been one of the essential needs to get the convenience of working from anywhere, and on any device. With the SaaS Software Development business model, the user/customers get to enjoy accessibility anywhere with just an internet connection.
This makes it 10x times easier instead of installing bulky applications or accessing through a VPN. This model supports remote working teams which is one of the popular demands after the Covid-19 impact.
SaaS applications are liked by many for their easier access, time-saving, and effort in adapting new software programs that can solve technical issues quicker, ensure data security, and handle tedious technical tasks. All, in the end, make the workforce assigned to more important business activities.
2. Save Millions!
One of the top noticeable benefits is the cost-saving of the business. It eliminates all the upfront installation software as well as hardware, licensing, upgrade, and maintenance costs. It is a total pay-as-you-go concept where it will allow businesses only for software they use.
Developing a customized SaaS application can cost a fortune and will burn their pockets. It increases the difficulty level of small and medium-sized businesses leading to getting a better SaaS Software Development in this case. It creates a lower threshold with 1 month, 3 months, 6 months, and yearly packages.
There is no maintenance cost as all the customers will split the cost in the bill. Hence, this is the reason why it is viewed as a gold mine among startups. It is faster, cheaper, and less labor-intensive and works on all platforms.
3. Trial and Testing
When customers buy SaaS applications, they don’t have to worry about installation, configuration, and maintenance. The end users are saving money in the process allowing the startups with no funds and expertise to start their businesses.
With the flexibility to test with a free trial, they can continue using it if they require it only for a shorter period of time. Any startup can just pay for a month and try it out.
In this way, they can completely avoid the IT department for every activity they do.
4. Higher Scalability
SaaS application development is a great advantage for their dynamic workflows which can completely shift and adapt to the changing company’s process and workflow. This saves a lot of time and money that will need to be given to a SaaS software development partner when you can easily shift to a higher plan or a more convenient one.
It also reduces the time-delayed for deployment and starts getting benefitted from the business quicker. There is an upturn for SaaS application creators getting benefitted from having paid a small amount every month rather than always being in a constant hunt to find the high-paying customers.
It offers flexibility that allows users to try the demo/trial version without handing over payment details. This feature is loved by many and works wonders for word of mouth and marketing. Once they are used to your application or see the value it provides, they will most likely pay for the SaaS application and like the cherry on the top, they will recommend it to the other relevant users. It is a perfect ‘nothing to lose’ marketing strategy which will leverage your SaaS application to more potential buyers. Hard selling is not required in most cases.
5. Advanced Customer Support
SaaS solutions can provide a guaranteed level of service that can satisfy the demanding needs of the customer. As a result, a SaaS business model in terms of customer support can build stronger relationships and support them up close throughout the service lifecycle.
The customer support model which provides 99.5% of availability is a super hack business model in any industry. Unlike traditional times, it doesn’t have to be a labor-intensive process anymore, SaaS automation makes it 100x times easier with fewer user interventions and allows less human error with data integrity.
6. Safety and Security
Business information couldn’t be anywhere safer than a SaaS application. Even two geographically separated data centers can act on the same solution ensuring continual services.
But usually, SaaS application solutions come with the whole package of the software that reduces risks. SaaS software development solutions are always backed up with advanced technology. This is the very reason why it is deemed to be the most secured option leading to an expanded market.
With an increased scalable feature, it helps the business to increase the number of users. And, it also never takes time to get the number of users to expand to your overall business model.
It is another dimension with adapted cutting-edge technologies with on-demand solutions with a lot of customizations.
SaaS is the future of computing. SaaS application development done right is a substantial investment that assures greater flexibility to scale and grow. But, it is not fully beneficial, you need to thoroughly research before bringing a SaaS application to the market.
Too many successful and popular SaaS companies have generated enormous revenue till date. If you are looking to create a thriving SaaS application, from scratch.
At Zaigo Infotech, we carefully analyze, take responsible steps and stay involved in our project to the end and support further. Zaigo Infotech is a customer-centric SaaS-based web and mobile app development service that increases the company’s growth and earning potential. Contact us to schedule a quick discovery call.