A buzz phrase in the market is software as a service (SaaS).

SaaS is the delivery of software, usually over a web interface. Using this model, the business owner does not pay for software outright, but for the use of it monthly per user.

This has many advantages. First, software management and updating are managed by a third party. This usually includes data management, back-up and security. Depending on the application and its uses in the business, cost savings may be good enough reason alone to consider this solution.

Second, the business no longer has to buy software outright but can pay monthly for individual users to access individual programs. This means no capital outlay on software or configuration of business applications.

As the software pricing is usually modular and monthly, you can add and remove users and/or applications month to month, giving huge flexibility in growth and cashflow management...