Cloud and SaaS
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Kyriba: Pure SaaS in the Cloud
Software-as-a-Service (SaaS) solutions are ‘in the Cloud’ software offerings where the software application is completely and exclusively available to customers over the web via only a browser or mobile device. This model has radically changed the way organizations acquire and manage their business applications in the past decade.
Key Benefits of SaaS and Cloud Solutions
- No upfront capital investment - pay only for what you use
- Cost savings and higher ROI compared to traditional software
- Simple implementation process with rapid deployment and less risk
- Eliminate the need for IT support
- Immediate, seamless access to the latest upgrades
- State-of-the-art IT infrastructure and security
- Anytime, anywhere access to data
The Right Terminology: SaaS and the Cloud
Kyriba is an “in the cloud” 100% SaaS provider. “In the Cloud” refers to public-cloud solutions that are available exclusively using only a web address and are accessible via a web browser or mobile device. Google, Facebook, and every one of your banks’ web portals are all “in the cloud” and 100% SaaS.
SaaS is, however, not the same as a ‘hosted solution’ or an ASP or a private cloud – all of which describe installed solutions that have been hosted by a vendor or third party, but without all the advantages of SaaS and pure cloud solutions. While many vendors (i.e. those that aren’t in the cloud) would have you believe the technologies are the same, there are clear differences which every treasury professional needs to know.
Why Organizations choose SaaS and Cloud Solutions
Performance
SaaS solutions perform better, whereas ASP and installed solutions are slower especially at times of high volume or when multiple users access the application. Neither ASP nor installed solutions are built scalability, whereas SaaS solutions are optimized purely for scalability and growth – for domestic organizations and global enterprises.
Security
SaaS solutions are more secure as more investment is made by SaaS providers on IT infrastructure and data security. Cloud solutions offer better controls, better security, are externally audited according to industry standards, and – this is important for treasury – remove critical company data from systems accessible to over 99% of the organization’s employees. Security is one significant reason why IT professionals favor SaaS and Cloud solutions.
Service Levels
SaaS solutions are designed to minimize RTO (Recovery Time Objective) and RPO (Recovery Point Objective), two critical metrics when measuring the effectiveness of your team’s business continuity planning. SaaS solutions offer better disaster recovery and greater uptime than ASP or installed solutions, which are two more reasons why IT professionals favor SaaS and Cloud solutions.
Hands-on Involvement
It might be better to say “hands-off” when it comes to SaaS. With SaaS solutions, whether for daily support or quarterly upgrades neither treasury teams nor their IT departments are involved in troubleshooting or problem solving. The responsibility lies completely with the vendor, which is exactly where it should be, according to IT professionals. Even with ASP solutions, upgrades are a project that no treasury professional looks forward to.
Web System Integration
SaaS systems integrate more easily with other SaaS systems, such as your banks or online trading portals. “In the cloud” makes connecting technologies together much simpler because there are web technologies that support SaaS solutions that are designed to connect ‘behind the scenes’ making it transparent to the user how everything fits together. Your treasury team doesn’t operate on an island; there is no reason your treasury system should have to either.
When you choose Kyriba, you are choosing the latest in technology to support your treasury operations, Don’t take a step back with your treasury management system by using older technology. Step forward with Kyriba. Step into the Cloud.