SaaS vs. Purchased Software: Benefits, Challenges, and Savings Potential
Just a few years ago, it was common practice to purchase software as a one-time investment. Especially for expensive software solutions, this meant a significant capital commitment that had to be planned long-term. Today, the landscape has changed drastically: Software-as-a-Service (SaaS), subscriptions, and rental models dominate the market and have become the standard in many industries. Companies can save up to 20% of their software costs on average by managing their SaaS contracts efficiently.