SaaS cost management is a pertinent issue for many enterprises, especially those inexperienced in the field. Adopting SaaS products is not a novelty anymore – cloud-based products such as SaaS are part of everyday businesses now and increasing. We have already discussed the software as a service, its different types, and its characteristics before – now let us take a look at the business aspect of SaaS. 

New adopters can often feel surprised at the unfamiliar pricing model or certain costs involved. The critical factor is that companies should be aware of the bills that could come to them, not be surprised by the fluctuating usage-based prices. To avoid this surprise and have good SaaS cost management, there are a few basic strategies enterprises can follow. 

Identify Whether the SaaS is Right for You

“Is the SaaS solution right for my business?” “Does my business really need SaaS?” are questions that you should ideally ask yourself before the cloud adoption. Sometimes, enterprises are pushed to use technology they don’t fully understand or need, make unnecessary mistakes, or waste precious time and resources. Do enough research on whether SaaS adoption is suitable for your business or whether it can make a difference. 

If SaaS does or can make a difference, go for it. Find the right solution among the multitude of offerings on the market – get help from expert consultants and evaluators if need be. Finding the right solution can make significant differences in SaaS cost management. 

SaaS Cost Management through Consolidated Services

Many enterprises use similar or overlapping tools and services to perform the same tasks and pay for all of them. For example, there are many SaaS-based email service providers around. What should your company use? What product can offer other services within the same umbrella? Are they all efficient? You must identify similar services and consolidate or eliminate them if necessary. 

Consolidation of SaaS services has other benefits as well. Standardization across the board is one of them. This standardization will also lead to effective communication and resource access within your teams. Using standardized platforms can also lead to lesser security breaches too. 

Effective Monitoring of the SaaS

It is not enough to just implement SaaS solutions and use them without care. Effective SaaS management involves timely monitoring of the solutions to find out if targets are met or any changes to be made. In addition, threat detection is also an objective of monitoring. According to the nature of your SaaS, there are many monitoring tools available in the market – often, they are part of the SaaS package as well. 

VEXXHOST Cloud Services for SaaS

SaaS is a highly beneficial model for users and providers alike. If all the SaaS cost management and security best practices are met, it can be an excellent tool for business success. Enterprises get the opportunity to focus on things that they do best while the software service is provided to them for fair prices. SaaS providers and enterprises often need cloud hosting services to support their operations, and that’s where VEXXHOST clouds come in. Our OpenStack-based public and private clouds are the preferred choices for many of our clients because of their highly scalable and secure nature.  

Speaking of private clouds, you can now run on a fully agile and customized cloud from VEXXHOST, with no licensing fees and smooth 2-week migration. In fact, we’re ready to put our money where our mouth is. We’re so confident in being able to save you at least 20% or more on your current cloud infrastructure expenditure that if proven wrong- we’ll give you $1,000 credit to our public cloud.   

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