SaaS and Financial services - A Marriage Made in Heaven

Sponsored By SmartStream Technologies, Ltd.

Topics:

Business Software

Finance & Risk Management

Technology

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Abstract:

This paper investigates the emergence of SaaS, which involves moving beyond applications that manage records and data to ones that handle core business processes and transactions. Software as a service (SaaS) is an unstoppable shift in the software industry, with software providers, their partners, and customers increasingly embracing this new delivery model for software. IDC's survey data shows that the majority of financial services companies are already using SaaS, suggesting that SaaS has crossed the chasm in financial services. A particularly valuable advantage for the financial sector, where IT actions often need to be executed quickly, is that SaaS is generally much faster to implement than on-premises IT systems.

DETAILS

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Released: June 03, 2009

Length: 11 pages

Format: PDF (326 kb)

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