Enterprise Technology That Can Boost a Portfolio Company's Bottom Line
In an age where technology is constantly evolving and businesses are racing to keep up, it's mind-boggling that mid-market companies haven't fully embraced the power of cloud and Software-as-a-Service (SaaS) platforms. This is especially shocking given cloud and SaaS offer a number of financial and business benefits for mid-market companies.
One benefit is cost savings. By using cloud computing and SaaS platforms, mid-market companies can avoid the upfront costs associated with purchasing and maintaining on-premises hardware and software. This can be especially beneficial for companies that need more resources to invest in expensive IT infrastructure. Instead, they can pay for the services they use on a pay-as-you-go or subscription basis, which can be more cost-effective. According to a survey by the Cloud Industry Forum, 57% of companies reported cost savings from using cloud computing.
Another benefit is increased efficiency and productivity. Cloud computing and SaaS platforms allow mid-market companies to access and use business applications and services from anywhere with an internet connection, making it easier for employees to work remotely and collaborate with colleagues. This can increase efficiency and productivity by reducing the time and effort required to complete tasks and access information. A study by Microsoft found that companies using cloud-based collaboration tools experienced a 41% increase in productivity.
In addition, cloud computing and SaaS platforms offer flexibility and scalability. Mid-market companies can easily scale up or down their use of cloud services to meet changing business needs without the need to invest in additional hardware or software. This can help companies respond quickly to changes in demand or market conditions.
Overall, cloud computing and SaaS platforms can help mid-market companies reduce costs, increase efficiency and productivity, and be more flexible and scalable.
Are you ready to explore the financial benefits of cloud and SaaS for your company? Book a complimentary one-hour consultation with our team to discuss your goals via firstname.lastname@example.org or (310) 823-7560.