The Advantages of SaaS and Rental Software
Switching to SaaS models offers a range of benefits for companies:
- Lower capital commitment: Instead of a high one-time payment, regular, often predictable costs are incurred which preserve liquidity.
- Flexibility and scalability: Companies can adjust, expand, or cancel software as needed, depending on current requirements.
- Always up-to-date: Updates, security patches, and new features are usually included in the price which ensure that outdated versions are no longer used.
- Reduced IT workload: Maintenance and hosting are typically handled by the provider which eases the burden on internal IT resources.
All these advantages make SaaS and rental models particularly attractive—but they also come with challenges.
The Downsides: Keeping Track Becomes a Challenge
With numerous software subscriptions, new problems arise that need to be managed. Many companies lose track of:
- Costs: What are the total expenses for software solutions? Are there unused or duplicate licenses?
- Payments: When and at what intervals are amounts due?
- Liquidity planning: What future costs need to be accounted for to avoid cash flow shortages?
- Usage: Which software is actually being used, and where are there underutilized or redundant licenses?
- Contract durations: When do subscriptions expire, when do they renew automatically, and are there better alternatives?
This lack of oversight can quickly lead to unnecessary expenses and inefficient software usage.
Savings Potential of Up to 20%
Our analysis shows that companies can save up to 20% of their software costs on average by managing their SaaS contracts efficiently. Many businesses pay for licenses that are not being used or miss cancellation deadlines for unnecessary software solutions.
With Teisko, these savings can be realized without significant initial effort. Our solution helps businesses centrally manage all software subscriptions and rental contracts, create transparency, and avoid unnecessary expenses.
Conclusion: SaaS Requires Proper Management
SaaS and rental software offer significant advantages in terms of flexibility and liquidity management. However, without structured oversight, unnecessary costs can quickly accumulate. A professional management approach to software contracts is essential to fully leverage the benefits while also optimizing cost savings.
With Teisko, companies can maintain full control and optimize their software expenses efficiently — without additional effort. Unlock your full savings potential now and manage your SaaS contracts intelligently!