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Adding Advanced Functionality To POS Via The Cloud
Saving time and money while improving efficiencies is the mantra of today's smart retailers. SaaS cloud-based solutions can provide that combination of benefits by offering a lower Total Cost of Ownership (TCO) compared to traditional, on-premise solutions. The difference in TCO can be as great as 55% for small- to medium-size businesses (SMBs), according to a four-year study conducted by Hurwitz & Associates, titled The Compelling TCO Case for Cloud Computing in SMB and Mid-Market Enterprise.
In a 100-user scenario put forth by Hurwitz, the total cost for cloud computing was more than $730,000 less than on-premise. IT infrastructure costs accounted for 11% of the total (more than $172,000) versus zero infrastructure costs in the cloud-based example. Overall, "with cloud computing, the overall cost of running the solution is more predictable than on-premise," according to the report.
Using proprietary, in-house solutions no longer makes sense for most retailers who are looking for best-in-class software that will bring their businesses to the next level and allow them to compete effectively in a multichannel environment. Software-as-a-Service (SaaS) on-demand solutions provide the means for retailers to cut costs and meet the needs of an increasingly demanding consumer marketplace.
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