A Few Thoughts on SaaS Terms from a non-technical CFO

A Few Thoughts on SaaS

It’s hard to keep up with techno speak in almost any area, and Software as a Service, or SaaS is certainly no exception. One can find all of these on the web, but what’s the difference between SaaS, IaaS  (Infrastructure), Cloud Computing, ASP (Application Service Provider), the great sounding oxymoron-HaaS (Hardware), CaaS (Communication), PaaS (Platform) and the ubiquitous EaaS (Everything). Here at Replicon we have tried to standardize on SaaS, which seems to be the most common name for how we deliver to our customers the functionality of our software. For example, we refer to our timesheet software delivered over SaaS as SaaS Timesheet.

More SaaS lingo-is it SAS 70 or SaaS 70? For the time being it’s SAS 70, which sounds the same as SaaS 70 and I’ve seen both written, but for the time being, there is only one accepted standard and it’s SAS 70. Statement on Auditing Standards (SAS) No. 70, Service Organizations, is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). SAS 70 is widely recognized because it represents that a service organization has been through an in-depth audit of its control objectives and control activities, which often include controls over information technology and related processes. The merits of SAS 70 for a SaaS provider are beyond the scope of this blog, but I can say with certainty that Replicon has regular SAS 70 Type II audits performed and passed.

Much has been written on the benefits of SaaS. One benefit, sticking with industry speak and which I believe in, is the reduction of “shelfware”. The shelfware I’m speaking about is unused software, either wholly unused due to installation challenges or purchasing mistakes, or possibly more insidiously shelfware through unused seats. Near and dear to a CFO’s heart, SaaS makes it conveniently possible for a customer to only be billed and pay for software actually used. This is done through invoicing taking place at the end of a billing period, based on actual usage during that period as determined by the SaaS providers’ software management system.

What is your take on techie terminology? Post your comments, connect with us at LinkedIn, or send them to @Replicon on Twitter.

Peter Kinash
ABOUT THE AUTHOR
Peter Kinash
Peter is the CFO and India COO at Replicon. Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time.
Get started today.
Set up a free trial based on your business needs. Start Free Trial

Global Compliance Desk – Karnataka, India

India: Karnataka Government Permits Shops To Remain Open 24/7  On January 2, 2021, the Government of Karnataka issued a notification that allows all shops and commercial establishments in Karnataka, having…Read More

Want Real Solutions That Help You Manage Expense Tracking in Real-Time? We’ve Got Them.

A comprehensive expense tracker can provide your organization with clear insights into how corporate time and dollars are being spent and help you identify unnecessary costs, strains, time-wasting activities, and…Read More

Project Leaders: Here Are 3 Signs Your Remote Project Managers Are Overwhelmed with Technology

Overwhelmed project managers. They are not hard to find. And if you look closely, you’ll probably find a few right within your organization. As it is, project management is stressful…Read More

Exempt vs non-exempt workers: simplify employee classification

In the United States, most jobs are governed by the Fair Labor Standards Act (FLSA), which classifies workers into two broad categories: exempt and non-exempt. Under the FLSA, non-exempt employees are…Read More

The 7 must-haves for choosing the right professional services management solution

Not too long ago, if you asked any professional services organization to tell you how they managed client projects, resources and utilization rates, the answer was always the same: spreadsheets.…Read More

Seven critical ways to achieve global project success

There was once a time when managing a project at work was fairly straightforward. Everyone was in the same location, or at most a mere phone call away. You’d set…Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates