Why SaaS is the beating heart of your digital transformation
Intangible financial benefits
Apart from eliminating the cost and human effort involved in upgrading your on-premise ERP solution, there are other measurable benefits of SaaS that come from the fact that it’s a continuously evolving platform. It enables your organisation to be more agile, flexible and responsive, through a continuous optimisation process that will allow your staff to take advantage of the latest advances in capability to become knowledge workers and therefore, better serve your internal and external stakeholders.
Twice a year, the TechnologyOne SaaS platform offers new opportunities to create efficiencies, streamline workflows and generate innovation through the adoption of new capabilities. Effectively, these releases provide a mechanism to alter an organisation’s mindset – teaching people that they can work together to improve the way they operate to deliver on an ongoing basis.
With this refocus of internal resources comes the potential for additional value. Your people will begin examining just how the organisation functions through its processes and workflows. With time, they will be able to identify cohorts of costs they can alleviate in different areas of your business through the adoption new SaaS functionality.
Much as a new smartphone upgrade gives you a list of new features and functionality, your SaaS ERP solution delivers traditional release notes and online discovery itemising new opportunities to improve your processes – so your staff can decide whether they are applicable and when to start adopting these features.
Real-time business insights
One of the benefits of SaaS vs on-premise solutions is greater speed and efficiency around business reporting. With on premises solutions, reporting takes considerable time in reconciling multiple reports and massaging spreadsheets. With SaaS ERP, information appears automatically via real-time dashboards. Apart from giving management an up-to-the-minute picture of how the business is tracking, it enables agile decision-making based on trusted data which can make a real difference to profitability. Reporting becomes self-service, with easy-to-configure dashboards displaying real-time progress against the KPIs each employee really needs ‘at a glance’ on a daily basis.
Typically, traditional ERP systems are not liked by internal users. They are seen as inflexible and unwieldy, with unfriendly interfaces and unable to produce up-to-date data how and when it is needed. On a modern SaaS platform, the ‘ERP user experience’ now mimics the usability features and ways of working we’ve grown used to with mobile apps and online consumer services. Just one example is using shopping cart-like functionality for purchasing requisitions.
With a SaaS implementation you are stripping out the complexities – enabling your ERP solution to become your baseline platform for digital transformation. Then this transformation, along with a new organisational mindset, becomes a never-ending journey toward improvement.
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To take advantage of the opportunities SaaS ERP can offer, complete the form to speak to a SaaS transition expert.