Why the shift to SaaS is paying off for professional services firms

More and more firms are using mobile tools and cloud-based platforms to store their documents; with initial concerns over safety now much decreased due to stringent security and encryption measures. Find out more about keeping your data safe in the cloud.

So, experts are predicting that it won’t be long before the majority of professional services firms move most – if not all – of their data to cloud servers. What’s more, according to the statistics, “organisations are right to feel confident that incorporating SaaS into their day-to-day functions will provide a return on investment”[1]. So, making SaaS a key part of your business strategy seems a sure fire way to succeed.

Here are just some of the reasons why SaaS is paying off for professional services firms:

When it comes to using tech to enable improvements, 61% of business and professional services companies consider improving business processes to be their number one priority[2].

With SaaS, you get access to all your business critical information, in real-time, from multiple data sources. But more than this, with the ability to filter and analyse this data quickly and easily, and access interactive visual dashboards, firms can turn this information into actionable insights; optimising the performance of each element of their operations and capitalising on new revenue streams.

57% of business and professional services companies consider saving costs to be their key priority[3].

With SaaS, firms no longer have to worry about buying, running, and maintaining their own server. Instead, they get access to the best software, for one affordable monthly fee. In fact, firms simply pay for what they need on a per user basis. And scale up, or down on demand. So, the total cost of ownership is significantly reduced.

“We were able to cut our annual IT budget by 60% and save a further £15,000 by no longer needing to replace our old server.”

Owner, Warr & Co

Business and professional services companies are more likely than other industries to invest in cloud services because it is the best solution available[4].

Professional services firms are ahead of the crowd when it comes to recognising the benefits of the cloud, with 38% believing it to be the best solution available (27% for all industries). Other key benefits identified include availability and resilience (40%), agility and responsiveness (37%), and the ability to accelerate product development and innovation (30%).

Cloud technology is helping to enable the mobile workforce

At present, 27% of business and professional services companies put enabling the mobile workforce in their top three reasons for using cloud technology[5]. However, with the UK is in the midst of a mobile working revolution, and 50% of the workforce predicted to be remote by 2020[6], we should expect this percentage to increase.

Cloud-based technology is closely linked to developments in artificial intelligence (AI) services

Yes, the benefits of SaaS include reduced costs, ease of integration and use, the flexibility to scale up or down, and increased productivity. But it doesn’t stop there. The cloud and AI are also closely interlinked, with imminent developments expected to take automation and customer service to a whole new level. So, investing in SaaS now could see your firm future-proof its position in the market.

With funding IT improvements becoming increasingly difficult, many professional firms are looking to cut costs. One savvy way for you to do this – while extending functionality – is to move to the cloud. Not only will this help you to make significant improvements to your firm’s bottom line, but it will also position the business for long-term success.

With high-quality support and customer service, and proven experience in understanding business needs, we provide everything you need to help your business thrive. To find out how a SaaS can benefit your firm, speak to a member of our team on 01942 263 434 or request a demo today!

[1] https://www.exchangewire.com

[2] Harvey Nash / KPMG Survey: 2016

[3] Harvey Nash / KPMG Survey: 2016

[4] Harvey Nash / KPMG Survey: 2016

[5] Harvey Nash / KPMG Survey: 2016

[6] http://www.marketwatch.com/video/sectorwatch/by-2020-50-of-workforce-will-be-remote-here-how/EC18E212-D8F5-493E-9602-7E5E5D980ABD.html