Here’s how SaaS-enabled SMEs are growing rapidly

By Puja Sharma

Tech-enabled services help small businesses in terms of scalability, high operating leverage, recurring revenue model, and expansion opportunities. Tech-enabled services are faster and more cost-effective, it makes internet accessibility quicker and brings down the overall operational cost.

With enterprise SaaS solutions, organisations can transform their business by replacing their traditional systems, ranging from customer/ employee engagements to enabling collaborative operations. Concerns around software integration complexities and costs have been major barriers to the adoption of digital transformation. SaaS solutions are helping organisations eliminate these barriers, making it easier for them to build scalability, resilience, and agility in their models.

Saas companies partnering with FinTechs is also providing seamless services to MSMEs. Digitalisation in the MSMEs has become one of the driving forces for small businesses to grow. These small businesses are leveraging Artificial intelligence, machine learning

An organisation’s products are its technology and software-enabled services (SES). As a result, the company generates revenue and valuable outcomes for customers. Technology-enabled services businesses offer a variety of services. The three services are platform as a service (PaaS), infrastructure as a service (IaaS), and software as a service (SaaS). Most businesses are transformed by the “as a service” delivery model. Therefore, these companies are those that design and sell technology or use it as a raw material.

Tech-enabled services help small businesses in terms of scalability, high operating leverage, recurring revenue model, and expansion opportunities. Tech-enabled services are faster and more cost-effective, it makes internet accessibility quicker and brings down the overall operational cost.

Cost effective – SaaS-based platforms don’t require huge investments and save a lot of infrastructural costs for the company.

AI-driven/ no human labor required – With SaaS platforms, companies need not focus on software updates and other technical aspects and can therefore focus on the core business.

Automated security, prompt in detecting threats – These platforms automatically detect security threats, which could be a huge help to smaller companies.

Value added services – With a wide gamut of services including customer-focused services, security tools, and analytical tools for saving the operational cost of FinTechs and SMBs.

Companies to watch out for that are enabling digital transformation across organizations with their SaaS solutions.

Since its inception, Bengaluru-based IBSFINtech has worked towards solving the problem of managing treasury systems through its offerings that provide customers with a highly scalable and configurable decision support system that helps them follow the protocols of risk management policy, regulatory compliances, and other audit requirements. It is ranked globally as one of the top 8 Treasury management systems and top 10 trade finance solutions providers.

Onnivation is focused on building the India-Israel Deep Tech corridor, which will help the two nations identify synergies and emerge as tech startup hubs. On one side, as a SaaS consultant, Onnivation is partnering with some of Israel’s leading technology companies and bringing their tech expertise to Indian Consumer tech businesses. Onnivation’s key areas of expertise include data security, cloud optimization, DevOps, quality assurance, data management, and customer engagement.

Zaggle is a B2B profitable SaaS FinTech player. It offers innovative solutions such as ‘Propel’, an employee rewards & recognition and channel incentivization solution, and ‘Save’, expense management.