The introduction of technology has changed the world for good. Firms can now streamline their process with minimum human intervention, saving both time and money. SaaS applications fall into the same technology that has eased the way of working. Are you looking to get a SaaS application for your business? Before you make up your mind, here are a few things you should know about them.
What is a SaaS application?
SaaS stands for Software as a Service has gained popularity in recent years. SaaS applications are cloud-based software solutions that allow users to access and use them over the internet without installing anything on their computers or servers. These applications are usually subscription-based, and users pay a fee to access and use them. The main reason for their popularity is that these applications save a lot of data.
SaaS applications offer a number of advantages over traditional software delivery models.
SaaS applications are used in multiple industries and for different purposes. They are employed in customer relationship management, human resources management, accounting, project management, marketing automation, and many other business processes. The primary aim of using these applications is to automate businesses without collecting large data on hardware systems.
Types of SaaS Application Systems
There are two types of SaaS application system used across various sectors.
Horizontal SaaS application systems
They provide broad functionality across multiple industries and business sectors. They address a wide range of business needs that make the work easy and effortless. They offer a flexible and cost-effective way for businesses to automate and streamline their operations without investing in expensive and complex on-premise software.
Benefits of Horizontal SaaS Application Systems
#1. Expandable & Customizable: These platforms can easily accommodate the needs of a wide range of users, from small businesses to large enterprises. They can be easily customized to meet the specific requirements of different industries, business sizes, and workflows, which allows businesses to scale their operations up or down as needed.
#2. Accessibility: Horizontal SaaS applications are cloud-based, which means they can be accessed from anywhere, on any device. This proves to be a huge advantage for companies operating in a remote working environment.
#3. Security: These application systems also provide a higher level of security and reliability. Since they are typically hosted in secure data centres, with redundant backups and failover systems, they ensure continuous uptime and data protection.
#4. Timely Updates: They are also regularly updated and maintained by the provider, which means businesses can benefit from the latest features and security patches without having to worry about managing and maintaining their software infrastructure. Our team at Sofort Solutions provides regular updates for the software for a smooth workflow.
Vertical SaaS application systems
Vertical SaaS application systems are software-as-a-service platforms that are designed to serve the needs of a specific industry or niche. These platforms provide tailored functionality and features that are highly relevant to the unique workflows, regulations, and requirements of the industry they serve. They offer a range of benefits to businesses in these industries, including increased efficiency, improved compliance, and enhanced competitiveness.
Benefits of Vertical SaaS Application Systems
#1. Uniqueness: One of the main advantages of vertical SaaS application systems is their ability to address specific pain points and challenges faced by businesses in a particular industry. For example, a healthcare-focused SaaS platform might offer features such as patient scheduling, electronic health records, and billing management, which are highly relevant to healthcare providers but not necessarily applicable to businesses in other industries. By providing these customized features, vertical SaaS platforms can help businesses in a specific industry optimize their operations and workflows to achieve greater efficiency and productivity.
#2. Regulation Compliance: These systems can also help businesses in highly regulated industries achieve and maintain compliance with industry-specific regulations and standards. For example, a SaaS platform designed for finance handling can have features such as automated compliance reporting, anti-money laundering checks, and risk management tools, which are essential for businesses in the finance industry to comply with regulatory requirements. Such features can help businesses reduce the risk of non-compliance and associated penalties, while also improving their overall operations.
#3. Improvement & Competitiveness: Another benefit of vertical SaaS application systems is their ability to improve competitiveness within a particular industry. By providing custom features and functionality, these platforms can give businesses a competitive edge over others in their industry. This is particularly important in highly competitive industries where small efficiencies and optimizations can make a significant difference to the bottom line.
Differences between Horizontal SaaS and vertical SaaS application systems
The two types of software-as-a-service platforms serve different needs and purposes. While both of them offer cloud-based solutions that are easily accessible, there are significant differences in their scope, functionality, and target markets.
The primary difference between the two is the industry's uniqueness. Horizontal SaaS application systems provide broad functionality across multiple industries and business sectors. Vertical SaaS applications are designed for specific industries.
Another key difference between horizontal and vertical SaaS applications is the level of customization available. Horizontal SaaS platforms offer a high degree of customization to meet the needs of different industries and business sizes, whereas vertical SaaS platforms are typically more rigid in their functionality to ensure compliance with industry-specific regulations and standards.
Conclusion
Horizontal SaaS application systems offer broad functionality and flexibility, while vertical SaaS application systems provide tailored functionality and compliance to specific industries and niches. Both types have their own advantages and disadvantages, and the choice between them depends on the unique needs and goals of the business.
If you are in need of a top-notch SaaS application that can align with your workflow and requirements, then we can help. The developers at Sofort Solutions have great industry experience and expertise. You can contact our support team for a fair price quote or in case of queries.