Software as a Service: The Small Business Game Changer

Small businesses often struggle with limited resources and budgets, and may find themselves overwhelmed when making technology decisions. But companies regardless of size have options, especially when it comes to hosting software. One effective way for small businesses to overcome these types of challenges is to leverage cloud technology for their business applications. Not only does it grant teams immediate access to information to make quick, informed decisions ─ anytime, from anywhere ─ hosting software in the cloud helps streamline operations and allocate resources more efficiently.

What Is SaaS?

With the growing trend of cloud technology use among small businesses, many are turning to software as a service (SaaS) to manage their operations. So, what is SaaS, and why should small businesses consider it? SaaS is a cloud-based software delivery model where providers host and maintain their software, making it accessible to users online.

Businesses of all sizes in any market can leverage SaaS to access their data through any web browser or mobile device with an Internet connection. SaaS providers manage all application software maintenance, software patching updates, and data security, making it an attractive option for small businesses that want a managed service from a trusted partner with a consistent monthly or annual subscription fee.

5 Ways SaaS Can Benefit Small Businesses

Just like larger organizations, small businesses need access to powerful software tools, increased flexibility, cost savings, and simplified IT management. Which is why SaaS is an ideal solution for small businesses across industries looking to streamline business operations and improve their bottom line.

As a small government contractor or growing professional services firm, you may ask yourself, when is the right time to move from an on-premises software solution to a robust industry-specific SaaS solution? For many, the answer may be now.

For others, it may take longer to decide when the time is right. But once you’ve made the decision to save valuable time and resources (which can be the hardest part) and make the move to the cloud, you’ll understand why SaaS has become a game changer.

Here are just a few of the reasons small businesses benefit from SaaS:

#1. Affordable Pricing

Small businesses often have limited budgets and investing in expensive software can be a burden. One of the biggest advantages of SaaS is its affordability. Unlike traditional software that requires a large upfront investment, SaaS providers offer subscription-based pricing models that allow small businesses to pay only for what they need. This means that small businesses can access high-quality software tools without breaking the bank, enabling them to compete with larger companies that have more resources.

#2. Flexibility and Scalability

Small businesses that are growing need software that can evolve with them. SaaS solutions are designed to be flexible and scalable, allowing small businesses to easily adapt to changing business needs. As a result, small businesses can quickly and easily add or remove software tools as needed, ensuring that they always have the right solutions to support their growth. This scalability also means that small businesses can start small and gradually increase their usage as they grow without having to worry about investing in new hardware or software.

#3. Improved Collaboration and Communication

SaaS solutions are typically cloud-based, meaning they can be accessed from anywhere with an internet connection. This makes it easy for small businesses to collaborate with remote teams, contractors, and freelancers. Additionally, many SaaS providers offer built-in communication and collaboration tools, such as project management software, video conferencing and chat apps, which can improve team productivity and efficiency.

#4. Automatic Updates and Maintenance

SaaS providers are responsible for maintaining and updating their software. This means that small businesses don't have to worry about performing system maintenance, installing updates or patches. This frees up time and resources that small businesses can use to focus on other areas of their business, such as marketing, sales and customer service.

#5. Access to Advanced Features

SaaS providers often offer advanced features that would be difficult or expensive for small businesses to develop on their own. For example, many SaaS providers offer AI-powered analytics and reporting tools, which can help small businesses gain valuable insights into their customers and competitors. Additionally, they may offer integrations with other software tools, such as accounting software or CRM systems, which can help small businesses streamline their workflows and improve efficiency.

Are You Ready to Make the Move?

By investing in a SaaS solution, small businesses can improve collaboration and communication, access advanced features, and scale their operations as needed. And unsurprisingly, as SaaS continues to evolve and improve, it will play an increasingly vital role in the success of small businesses everywhere.

For over 40 years, Deltek's award-winning team of experts has supported our 1.8+ million cloud users, helping them achieve optimal performance, lower overall costs, remain secure and up-to-date, and, most importantly, deliver successful projects.

Are you ready to make the move to the cloud? Deltek is prepared to help you transition from your on-premises accounting solution to Deltek’s cloud-based ERP software to help power your project success, now and into the future.

To learn more about our small business solutions, check out Deltek.com or visit our Small Business Resource Hub, to see how our industry-leading software is built to adapt and evolve with growing companies.