Cloud-based Saas products are rapidly moving into the mainstream of businesses.
A self-hosted Asset Management System adds an unjustifiable cost to companies’ operational expenses apart from the upfront initial investment to procure or develop the system.
Following are some of the benefits of cloud-based Saas asset management over self-hosted ones.
Improved Resource Utilization
There is no need for an internal IT team to look after the maintenance for cloud-based asset management. Hence it frees up the time of the IT team for more significant tasks. Whereas in a self-hosted asset management system, software maintenance is a time-consuming and frequent need.
Reduced Costs
The monthly payments that go into cloud-based asset management can be increased and decreased based on usage. This helps in reducing the upfront payment for setup. However, for an on-premise asset management system, the cost for software, hardware, and ongoing maintenance costs are to be borne by the organization.
Accessibility
The cloud-based asset management system makes it possible to access the required file from any location globally with internet connectivity on any device, which helps streamline the workflow. However, when it comes to a self-hosted asset management system, the accessibility is very restricted.
Security
A cloud-based asset management system comes with multiple layers of security and data privacy. On the other hand, in a self-hosted asset management system, the security has to be managed by the users, adding up the maintenance cost.
Disaster Recovery
The data centers are carefully safeguarded in cloud-based asset management systems. If data is lost from one data center, it can be recovered by switching to another data center. But it is incredibly tedious to recover data once lost when it comes to a self-hosted asset management system.
Continuous Updates
Companies that roll out cloud-based software for asset management better understand the challenges and features as multiple organizations use and test their app. Therefore all companies using such an asset allocation and tracking software get benefitted from the software updates. Self-hosted software lacks this privilege.
How can Codelattice help you in choosing the best asset management system?
At Codelattice, we offer off-the-shelf cloud app Koopp Assets for cost-effective, effortless asset allocation and tracking. With the help of simplified asset management, holistic dashboard, and intelligent reporting, it becomes easier for all businesses to manage their analytics and make informed decisions in real-time data. Codelattice is a prominent Google Workspace Partner, GoDaddy partner as well as AWS partner. Koopp Assets allows you to leverage our cloud expertise for efficient asset management in your organization.
