SaaS has exploded onto the cloud scene with its convenience and ability to allow companies to easily scale. It is no wonder why SaaS products now make up the largest segment of the cloud market, with almost half of the overall software application spend, surpassing both Platform as a Service (PaaS) and Infrastructure as a Service (IaaS).
One of the reasons SaaS has become so prevalent is its simplicity and versatility. SaaS offers a solution to address virtually any business need, from communication, sales management, CRM, and billing. After deciding what service suits your needs best, and the length of the subscription you would like to sign up for, the software can be easily accessed via the internet, whether it’s a web browser or application. On top of all this, it’s a breeze to maintain, as the software provider takes care of on-premise hardware requirements and any software updates during the life of the subscription.
Unfortunately, what makes SaaS implementation so straightforward tends to also be its downfall. Because SaaS is designed to be easy to adopt and use, the number of applications can quickly get out of hand without proper controls over procurement. It is no longer as simple as ensuring enough licenses are paid for; companies must also track their SaaS usage in order to keep costs down. Few organizations have the expertise to do this efficiently and effectively.