Software as a Service How the cloud makes accessing construction applications convenient
What is SaaS? What are its benefits?
To put it simply, SaaS is a subscription-based (pay-as-you-go) method for companies to securely utilize software via the Internet from any location or device with Internet capability. The application itself is hosted and operated by a software vendor, which means that all hardware and software are located in one place and maintained by the vendor, who also maintains responsibility for software installation, updates, and system backups.
Because SaaS is offered on a subscriptionbased method, contractors pay a monthly fee. Depending on the contract with the software provider, users may subscribe on a month-tomonth basis, or even for up to a year. There is no one certain model for the payment process of SaaS, and pay models may be determined by the number of users, the amount of data transferred, or simply an agreed upon monthly fee.
As with any software purchase, research is crucial before deciding to give SaaS a try.
In order to understand what Software as a Service does, you should know what it offers, and what benefits it can provide to your business. Here are some of the advantages:
Because SaaS operates through the software vendor or a data center, all you need is the Internet. You can access and use the application through any browser and from any computer. Once you’ve had the proper training and all your employees are on board with the software, all you have to do is log in and begin using it. The vendor takes care of the rest.
Lower Initial Cost
Software can cost anywhere from hundreds to hundreds of thousands of dollars in initial start-up costs. That initial fee is avoided with SaaS, allowing relatively small contractors to use feature-rich applications traditionally used by much larger organizations. By providing a much more affordable setting, SaaS allows many more construction companies to use the tools that will help them to advance their business.
No Investment In Equipment
Because the software vendor or service center hosts the application, it is no longer necessary to invest in expensive equipment. All that is needed to utilize the application is the Internet. Maintenance and upkeep costs for the equipment are already factored into the monthly fee, so SaaS also allows companies to avoid the cost of employing and training IT staff, or outsourcing these responsibilities.
Backup, Security, and Easier Upgrades
It is essential to back up data on a daily basis. SaaS vendors consistently back up your data and also offer improved data encryption and up-to-date security to ensure an excellent product, and to give you peace of mind. The vendor also updates the program regularly, so you can take advantage of all new releases and feature enhancements, without the inconvenience of installing them yourself.
SaaS and Your Contracting Business
SaaS offers many advantages—not least of all convenience. With improved IT infrastructures and application deployment in geographically dispersed locations, SaaS is something to consider as it takes a bigger role in the construction industry. Working with SaaS frees you from multiple burdens so you can focus on your projects and the growth of your business.
Why Now is the Time to Upgrade Accounting Software
More than just software...
Certified Payroll & Construction Reporting
Contractors can expect construction accounting software to offer job labor reports that help contractors see where they stand. They can also provide Certified Payroll reports for contractors performing prevailing wage work, and Union Reporting & Tracking for union contractors. Other reports include: New Hire, EEO Minority Compliance, Workers’ Compensation, and more.
Having these instant reporting options available offers a huge advantage to contractors. It increases efficiency, allows contractors to better track their labor costs, and opens up new job opportunities. Ultimately, construction accounting software can give contractors peace of mind that their payroll and taxes are being handled, and that they’ll have a readily available selection of invaluable construction reports.