SaaS FD or CFO
Software as a service or Saas is a popular business model which involves the charging for of an online service on an annual or monthly basis.
Saas Finance Director
Typically the model involves the development of a product or a service that has wide appeal often internationally, the product is progressively developed and refined and its users pay a fee for the ability to make use of it. Examples include online marketing tools as as the popular ahrefs.com analysis tool.
SaaS is considered to be part of cloud computing, along with infrastructure as a service (IaaS), platform as a service (PaaS), desktop as a service (DaaS) managed software as a service (MSaaS), mobile backend as a service (MBaaS), datacenter as a service (DCaaS), integration platform as a service (iPaaS), and information technology management as a service (ITMaaS).
SaaS apps are typically accessed by users using a thin client, e.g. via a web browser. SaaS became a common delivery model for many business applications, including office software, messaging software, payroll processing software, DBMS software, management software, CAD software, development software, gamification, virtualization,accounting, collaboration, customer relationship management (CRM), management information systems (MIS), enterprise resource planning (ERP), invoicing, field service management, human resource management (HRM), talent acquisition, learning management systems, content management (CM), geographic information systems (GIS), and service desk management.
SaaS has been incorporated into the strategy of nearly all enterprise software companies.Gartner forecasted that software as a service (SaaS) remains the largest market segment on public cloud services and is forecast to reach $122.6 billion in 2021.
Companies using SaaS applications are not tasked with the setup and maintenance of the software. Users simply pay a subscription fee to gain access to the software, which is a ready-made solution.
SaaS is closely related to the application service provider (ASP) and on-demand computing software delivery models where the provider hosts the customer’s software and delivers it to approved end users over the internet.
In the software-on-demand SaaS model, the provider gives customers network-based access to a single copy of an application that the provider created specifically for SaaS distribution. The application’s source code is the same for all customers, and when new features or functionalities are released, they are rolled out to all customers. Depending on the service-level agreement (SLA), the customer’s data for each model may be stored locally, in the cloud or both locally and in the cloud. You might be interested in: The Enterprise Management Incentive / EMI Scheme.
SaaS applications and services typically use a multi-tenant approach, which means a single instance of the SaaS application will be running on the host servers, and that single instance will serve each subscribing customer or cloud tenant. The application will run on a single version and configuration across all customers, or tenants. Though different subscribing customers will run on the same cloud instance with a common infrastructure and platform, the data from different customers will still be segregated.
The typical multi-tenant architecture of SaaS applications means the cloud service provider can manage maintenance, updates and bug fixes faster, easier and more efficiently. Rather than having to implement changes in multiple instances, engineers can make necessary changes for all customers by maintaining the one, shared instance.
Furthermore, multi-tenancy allows a greater pool of resources to be available to a larger group of people, without compromising important cloud functions such as security, speed and privacy.
Saas Advantages and Disadvantages
SaaS removes the need for organizations to install and run applications on their own computers or in their own data centers. This eliminates the expense of hardware acquisition, provisioning and maintenance, as well as software licensing, installation and support.
Other benefits of the SaaS model include:
Flexible payments. Rather than purchasing software to install, or additional hardware to support it, customers subscribe to a SaaS offering. Transitioning costs to a recurring operating expense allows many businesses to exercise better and more predictable budgeting.
Users can also terminate SaaS offerings at any time to stop those recurring costs.
Cloud services like SaaS offer high Vertical scalability, which gives customers the option to access more or fewer services or features on demand.
Automatic updates. Rather than purchasing new software, customers can rely on a SaaS provider to automatically perform updates and patch management. This further reduces the burden on in-house IT staff.
Accessibility and persistence. Since SaaS vendors deliver applications over the internet, users can access them from any internet-enabled device and location.
Customization. SaaS applications are often customizable and can be integrated with other business applications, especially across applications from a common software provider.
About FD Capital Recruitment – your SaaS sector Finance Director and CFO specialists.
Formed in 2018 FD Capital Recruitment was founded with the objective of becoming a leading provider of Finance Directors and CFO’s
We offer three solutions :-
Part-Time FD’s and CFO’s our idea being to bring the skills and experience that finance directors have gained in larger corporates and plc’s and make them available to SME’s on fractional time basis.
Interim FD’s and CFO’s available for short term assignments
Full Time FD’s and CFO’s – we’ll find the perfect senior financial professional for your business and its requirements.
We have grown and grown and had our busiest year so far in 2020 with some of our team working six days per week. Many of our team and most of our candidates are ICAEW qualified. See more of the areas covered by FD capital here. We often have Saas Roles available please check our Finance Director and CFO Jobs board for our latest opportunities. See our Part-Time SaaS page here.
Our main offices are based in Great Portland Street, London. We however now have FD’s all around the Country and can offer near national coverage.
We pride ourselves on always being friendly and professional, plus our approach reflects that we are team made up of FD’s and professional recruiters, so you can be sure of talking with someone who knows first hand what your issues and situation is likely to be. Many of our team have been entrepreneurs themselves so can really relate to our owner manager client base. See our sectors page to find more of our specialist Finance Directors.
Because we are so experienced we always find the best candidates.