One of the trends we expect to rise this year is law firms moving their solutions to hosted/SaaS (Software as a Service) models. 2018 was a BIG year at BigSquare! In addition to our traditional on premise model, we expanded and joined the cloud movement. We became the first legal BI vendor to offer a true hosted/SaaS model and hit double digits for clients choosing this approach. You may ask why so many new clients are utilizing this framework? While there are many advantages that may vary firm to firm these items seem to stay consistent:
- Minimal upfront costs
- Quicker implementation timeline
- Reduced firm resources
1. Minimal Upfront Costs
Because law firms don’t have to purchase equipment and build out and operate a data center, they don’t have to spend significant money on hardware, facilities, utilities and other aspects of operations. A cloud solution requires no upfront costs, instead you make regular monthly payments which makes it an operating expense. While the monthly cost adds up over time, maintenance and support services are included removing the need for annual maintenance. A benefit with these monthly payments are that they are predictable and spread the cost of software licences, upgrades, support and daily back-ups over a year vs one large cost upfront.
2. Quicker Implementation Timeline
Compared to on premise applications, which needs to be installed on a the physical server and each PC or laptop, cloud-based software is deployed over the Internet in a matter of days. This quicker implementation time is often a major benefit to firms that want to have their solution up and running as soon as possible.
3. Reduced Firm Resources
Because cloud software is hosted for you, you don’t need to worry about the maintenance of your software or the hardware it resides on. Compatibility and upgrades are taken care of by the cloud service provider keeping the resources at your firm free to deal with other important issues. A major added benefit is you can use your staff resources to provide more value-added services than performing these day to day on-prem tasks. And that data center you have at your firm is expensive. It takes up valuable floor space, heating and cooling, the gear itself, and the staff to support and maintain.
While their motivations may vary, its no secret that the trend is firms of all sizes are turning to cloud services. However, because of so many differing opinions it is unlikely that all firms will completely move to cloud software. For now, most have the choice and have great benefits to each the SaaS/Cloud and traditional on premis model. Thankfully BigSquare offers both options to law firms interested in a Business Intelligence solution!