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Top 5 SaaS Business Solutions Needed to Scale

SaaS Business Solutions

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The SaaS business solutions in this article could be a game-changer for your company. They will help increase sales, boost productivity, and make working on business tasks more enjoyable. SaaS is a massive industry with a lot of innovation. It’s likely that your competitors are implementing the latest SaaS solutions to their businesses, so you need to keep up to stay competitive. 

In this article, we will look at the 5 big categories of SaaS business solutions, and each one has several excellent services that we will share to get you started. By the end of this article, you’ll have an action plan of where to go for industry-leading SaaS solutions. 

What is a SaaS Business Solution?

SaaS stands for “Software as a Service”, which is a service that is typically provided using a cloud-based digital infrastructure. This means that all data is stored on a server hosted by the company. 

This is advantageous because it means you can access the service from any device in the world. Also, the security burden of protecting your personal data is handled by the SaaS company. Other advantages include constant updates that improve the quality of the provided service. 

Also, SaaS solutions can help businesses reduce their IT spending by more than 15%, so it’s a worthwhile investment. 

Now let’s dive into 5 SaaS business solutions you shouldn’t miss out on. 

1. Project Management Tools

Successful businesses typically have a growing team of employees who must collaborate to complete projects on time. Therefore, communication is important to ensure they can quickly move forward and avoid being a bottleneck. This issue is more critical now than ever before because of the increasing number of remote workers. In previous years, you had the freedom to walk around the office and quickly round up employees for a quick meeting. 

Fortunately, several excellent project management tools exist offered by innovative SaaS companies. These tools usually allow tasks to be segmented and moved along the workflow. Team members can see the progress of a task and start working when it is pushed along to their phase of the project. 

This reduces the volume of mundane communication between employees, since most of the information is available on the project management tool. Top examples of project management tools include Jira, Trello, Monday, Basecamp, and Zoho Projects. 

2. Communication Tools

As mentioned in the previous section, communication is key for a business to run efficiently. Therefore, investing in a dedicated communication SaaS service is important. This acts like a chatroom for the entire company. However, the number of features provided by these services allows many business functions to be met. 

For example, Slack is one of the most popular SaaS communication tools at the time of writing. It offers the ability to create chat groups where only specific team members are invited. Another useful feature available to team members is the ability to update their status. This allows them to add an emoji alongside their name. For example, a palm tree emoji is added when the user goes on holiday. This immediately informs everyone that this individual will not be available – a handy way of communicating something important without bothering anyone. 

Other excellent SaaS communication tools your business should consider are Troop Messenger, Blink, Flock, and Microsoft Teams. 

SaaS Business Solutions

3. Sales, Marketing & CRM Software 

SaaS business software solutions that offer sales, marketing and CRM in one package could be one of the best investments your company makes. These powerful tools are online business engines that allow you to increase the number of leads and make the most of them through a comprehensive sales funnel. 

Furthermore, the CRM (Customer Relationship Management) tools enable you to nurture every lead and create targeted marketing campaigns. For example, you can segment email marketing lists based on customer demographics to increase the effectiveness of an offer. 

Some industry-leading sales, marketing & CRM SaaS solutions you should consider include Hubspot, Freshsales, ActiveCampaign, Zoho CRM, PipeDrive, GetResponse, and EngageBay. 

4. Accounting 

Take advantage of SaaS accounting solutions that allow you to invoice suppliers, pay employees and much more. The advantage of a SaaS accounting option is that several accounts can access the software from anywhere in the world. So, if you decide to hide a new accounting service, you can simply give them the login details to the software.

Good quality SaaS accounting options should also have added features like stock order management and risk assessment. This allows you to perform several financial tasks from a single platform. 

Some of the top SaaS software solutions your business should consider are Freshbooks, Zoho Books, GoCardless, Xero, and QuickBooks online. 

5. Document Collaboration Tools

Using document collaboration tools your employees can work on the same document in real-time. This speeds up productivity and the quality of the end result. That’s because team members can quickly share their input, which means work gets completed faster. 

Some of the top features you should expect from a document collaboration tool include:

  • Real-time editor
  • Autosave
  • Versioning
  • Commenting and feedback options
  • Cloud storage and sharing
  • Tag a team member
  • Organize files and add tags
  • Track changes and receive notifications

Each of these features plays an essential role in boosting workflow and making the whole process more user-friendly for employees. 

Google Docs is arguably the most popular document collaboration tool. However, alternatives you should consider are Zoho WorkDrive, Microsoft Office 365, Dropbox Paper, Atlassian Confluence, Bit.ai, and Clickup. 

Final Thoughts

The SaaS business solutions in this article are great investments that will pay for themselves by improving the quality of your business. They are applicable to any industry and lead to a more productive online work environment. 

It’s important to understand the features of each type of SaaS solution to get the most out of the services. Nowadays, many businesses cannot function if these software solutions aren’t available, so ensure you’re keeping up with technological advancements to avoid missing out. 

About Author

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Rick Mak

Rick Mak is a 30-year veteran businessman, having started, bought, and/or sold more than a dozen companies. He has bachelor's degrees in International Business, Finance, and Economics, with masters in both Entrepreneurship and International Law. He has spoken at hundreds of conferences around the world during his career on entrepreneurship, international tax law, asset protection, and company structure. Business Anywhere Editorial Guidelines

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