Software usage has changed and Viewpoint is at the forefront of this move to Software as a Service (SaaS). If there is ever a time to embrace this change, to benefit from the accessibility advantages, advanced technology and cost reductions, it is now. It is the fastest-growing software delivery platform currently available. In fact, according to a recent study by McKinsey, SaaS is likely to grow faster than any other software delivery platform and by as much as 45% in the next two years.
But what is SaaS?
There are a few variants, but essentially SaaS software solutions are simply those hosted on the Cloud and technically managed by the software provider. In our case Viewpoint hosts the solution for its clients to use.
Why is SaaS now so popular?
There are many advantages to SaaS, especially for entity management professionals. Nonetheless, without the two recent technical advancements, SaaS would not be the affordable offering that it is becoming today. First, the pace of technical advancement of the Internet has made high-quality and high-speed reliable Internet available to everyone at a very affordable rate. Second, the emergence and accessibility of state-of-the-art Cloud hosting services such as Microsoft Azure and AWS (Amazon Web Services). These hosting platforms provide an extremely secure and very scalable environment for SaaS providers such as Viewpoint to offer SaaS solutions. There are many advantages to adopting or switching to a SaaS Solution, below are five key examples:
Reduced cost of ownership of the application
The SaaS cost per day, including standard server hosting, back-ups, and security, is as little as $4 per day per user, based on a 10-user licence with full access to the Viewpoint Connect Entity Administration component. This per user cost reduces as more users are added. There is no need to own or manage the server infrastructure as hosting is managed by Viewpoint. The Viewpoint SaaS package can even include managing backups and related disaster and business continuity activities.
Substantial savings in ‘Talent Management’ direct and indirect costs of resources, can be made as the roles can be performed by Viewpoint’s application experts. For example, application installation and upgrading, security testing, installing patches, configuring integration with 3rd party applications.
Viewpoint primarily uses the world-class Microsoft Azure, including its Active Directory and Office 365 integration, meaning our SaaS clients immediately benefit from the updates in these technologies.
Easy and rapid application deployment
Viewpoint SaaS can be deployed on dedicated infrastructure for any client within a few hours. Viewpoint is deployed pre-configured as an out-of-the-box ‘turnkey solution’, including best practice, configuration, and standard templates for more than 30 jurisdictions, which means that within one day a client can be fully operational with Viewpoint SaaS.
Global environment accessible from anywhere
Viewpoint SaaS is hosted on the Cloud, as such it is accessible from anywhere with an Internet connection. For globalised central databases, it is possible to overcome any concerns about Internet speed or latency because Viewpoint offers features such as Peer-to-Peer replication and virtualisation technology.
Viewpoint as an application is entirely scalable, meaning that it is equally well suited to a single user organisation, as it is to much larger organisations. We currently have clients of all sizes including well over 1,000 users on a centralised environment.
Viewpoint SaaS leverages the scalability of the application with the highly versatile scalability options of the hosting services. This means the technical architecture can be scaled up or down in a few hours which is completely unthinkable from a time or cost perspective of an on-premises solution.
This makes the Viewpoint SaaS pricing model a globally accessible, ‘out of the box’, Tier 1 entity governance solution that is an affordable and flexible option, particularly for small organisations.
Security and business continuity
Whether on-premises or Cloud-based solution, the importance of data and cyber security should not be underestimated. What may be surprising to learn is that most security experts will attest that Cloud-hosted solutions, such as Viewpoint SaaS, are considerably more secure than on-premises solutions.
Another major benefit of a hosted SaaS solution is the inclusion of options to assist with the Business Continuity tasks. For example, Viewpoint SaaS includes multi-location replication and automated back-up options. And of course, Viewpoint SaaS is available from anywhere should your business location face an emergency or need to change working practices, as has been the common experience of COVID-19.
If you would like to know more about Viewpoint SaaS or anything else about SaaS please contact your local Viewpoint representative or email@example.com