Important Things You Need To Take Note About An Application Portfolio Assessment

In the year 2010, there was a big turning point when it comes to the industry of software as a service or SaaS. SaaS tools were being used in enterprise application software and even reached a profit sale of about $9.1 billion dollars all around the world. And every succeeding year, the revenue of the industry is growing constantly.

And in the year 2014, a lot of IT researchers have predicted that the products of SaaS would be dominating about 40% of all upcoming sales in software. SaaS is continuing to be an acceptable and desirable way of supporting all the huge operations of businesses that would happen in a company that is the reason why it will be running for a long time.

SaaS tools were first considered to be niche products of the CRM or Customer Relationship Management division of the application portfolio in an organization. But in the past decade, SaaS products like CAST Highlight have been developed to cover more areas in an organization. These tools are known to provide support for not only mid offices but also operations in back offices. You should know that there are SaaS tools that an organization can utilize for the functions in their human resources such as the performance management, payrolls, bonus administration, recruitment, succession planning, contingent worker management, and a lot more. SaaS products are also been known to provide a lot of benefits to the procurement functions and financial management in an organization. Some of the functions that benefits so much from SaaS tools are the tax and tariff administration, quoting, pricing, order processing, and currency exchange operations.

A lot more SaaS application portfolio analysis tools are reaching the functions in a lot of IT industries. There are now so many companies that are using these SaaS tools in order to carry out compliance administration, vendor contract management, service desk operations, forecasting and budgeting, and application portfolio management, and all of these are providing benefits to various IT organizations.

You can even use the SaaS platform that is called the CAST highlight that uses a predictive pattern analysis in order to track the expenses in your software portfolio, cloud readiness, track software health, and its complexity.

You can enjoy great benefits from using SaaS tools.
There are so many benefits that you can enjoy from a SaaS tools because there are now a lot of companies that are using various SaaS applications. The IT department in a company will no longer have to handle the processes of maintaining and developing applications, hardware installation and procurement, availability, and recovery management.

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