If you are planning to invest in a new financial management system, there is one big decision you should make early on: Which delivery model will generate the best return for my business? In this post, USI president Greg Kirshe shares some thoughts on how construction and real estate leaders can choose the model that will best suit their needs.
One option is to go with on-premises solutions, where you license software and run it on your own servers. This model requires significant capital and operating outlays that can be prohibitive for small to mid-sized enterprises. For larger entities with advanced IT infrastructure and expertise, on-premises solutions remain a practical option.
A second option is hosted solutions, (single-tenant). In this environment, the software is housed at a remote data center that is managed by a trusted third-party hosting provider. You would access the software over the Internet, with screens being generated at the hosting provider. With this model you avoid having to maintain hardware infrastructure and the associated capital expenses. At the same time, you would still incur costs for customizations, upgrades, integration, support and service.
Your third option is cloud computing solutions (multi-tenant). Also known as “software as a service” (SaaS), these cloud-based applications offer direct, uninterrupted access to the solution. Buyers usually pay on a per-user/per-month subscription basis. Cloud solutions are multi-tenant, which means you work from a shared system of resources, application infrastructure, and database. You do not buy, license, or manage the underlying hardware, software, or networking infrastructure, so there are no upfront fees, capital investments, or long-term commitments. Upgrades are performed at no cost to you. Any customizations you make to the system simply roll into any new upgrades. With so many advantages, it is easy to see why more and more construction and real estate firms are choosing a cloud-based solution.
In our next post, we’ll take a close look inside the cloud and help you decide if it’s right for your business.
Note: This post is adapted from the Sage Intaact White Paper, 2020 Buyer’s Guide
United Solutions provides unmatched software solutions and support for clients in the construction, real estate industries. We enable our clients to operate at peak efficiency and maximize their profits.Read More
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