Banking

The TCO Advantages Of SaaS-Based Budgeting, Forecasting & Reporting

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Executive Summary

Software-as-a-service (SaaS) eliminates the need for individual companies to buy, deploy and maintain IT infrastructure or application software. In the SaaS model, the vendor takes responsibility for deploying and managing the infrastructure (servers, operating system software, databases, data center space, network access, power and cooling, etc.) and processes (infrastructure patches/upgrades, application patches/upgrades, backups, etc.) required to run and manage the full solution. Because SaaS vendors manage all of their customers on a single instance of the software, they can amortize infrastructure-related costs for thousands of customers. This yields substantial economies of scale and skill, and lowers the total cost of ownership (TCO) for customers seeking to deploy a corporate performance management (CPM) solution

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