Also, because the procurement software is hosted remotely, users don't need to invest in additional hardware with an SaaS solution. Procurement software as a service allows your organization to simplify the purchasing process at a cost typically less than licensed software applications. Software can get expensive when paying licensing, installation, and maintenance costs, not to mention time spent by IT staff maintaining the program. The largest drawback for most organizations regarding traditional procurement and financial software is cost. The cloud based model has flourished within the procurement software market as technology continues to improve, benefiting buying organizations of all shapes and sizes. There are many benefits to using an SaaS procurement solution as opposed to the traditional model of software distribution. Benefits to Procurement Software as a Service Updates to the software are done automatically online, and customers do not have to have specific hardware or equipment installed to run SaaS products. Data stored on the e-procurement cloud is still ‘owned’ by the customer and simply hosted by the provider. E-procurement software, such as SourceSuite, allows its customers to have all the benefits of traditional software security without hosting costs or drawn-out update downloads and installations. You may also hear SaaS defined as cloud based, since it is comprised of software hosted on the internet or the “cloud.” Procurement SaaS is an emerging solution for purchasing professionals. SaaS applications work with a web browser, so users can utilize the tools of the software on their laptop, tablet, or other mobile device. It is often used for enterprise applications, such as procurement and financial solutions, which are distributed to multiple users. Gartner defines software as a service as “software that is owned, delivered and managed remotely by one or more providers.” SaaS is software that is deployed online rather than installed on individual computers. So, what is the difference between traditional procurement software and SaaS? Software as a Service Defined As an e-procurement solution service provider, SourceSuite knows a bit about SaaS and its benefits. What is the difference between procurement software and procurement software as a service? Terminology including "Software as a Service (SaaS)," "e-procurement" and "cloud based" are showing up everywhere - not only in the world of procurement, but for many business services as well. Procurement Software as a Service Explained
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