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SaaS is a fancy name for something very simple.
1. A mechanism to get the software to all of your customers
What makes a product SaaS?
• It’s all on the servers!
• Thin client or a web browser is used to access a SaaS product
• Monthly billing is in place, smaller amounts.
• Maintenance & updates are super easy!
• Customers pay only as long as they use.
• No data is stored locally.
What does it take to build a SaaS company in college?
Intelligence & Creativity
Co-Founders
Devices & Tools
High speed internet
Why do companies prefer SaaS products?
• They don’t have to make a one time huge purchase and then regret later!
• They are comfortable paying small amounts each month
• No installation required on each employee computer
• All data is already backed up in real time
• No need of local maintenance. All repair and maintenance can be done in the SaaS product server
• Continuous real time updates to the software.
Compare & Contrast
Huge one time purchase Updates are slow and difficult to manage
Takes up a lot of space on local machines
Data is not backed up automatically!
Access only on local machine
No downloads or installation! Updates are real-time & automatic
It’s all on the cloud Data is backed up in real time Access anywhere, anytime!