The digital transformation journey, especially within the software and SaaS sectors, has seen a significant shift toward cloud-based ERP systems. This trend is driven by various factors, including the need for greater agility, scalability, and efficiency in operations. More large and mid-sized SaaS companies are moving away from traditional on-premise ERP systems or low-end cloud ERPs to comprehensive cloud-based ERP solutions. This shift allows for easier access to data, enhanced collaboration, and real-time analytics.

Previously in this blog series, we have discussed the impacts of the Digital Solutions Economy™ (DSE) on the software and SaaS sector. This new post provides a deeper dive into the key issues involved with optimizing end-to-end Order-to-Cash (OTC) and revenue recognition compliance for SaaS offerings.

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Our team will talk about key decision points and guidelines to reduce time to value and maximize flexibility, scalability and security all in the cloud and share how SAP’s cloud architecture makes all of this possible. If you need a way to maximize your subscription management that is scalable and flexible in the cloud, don't miss to watch this webinar.  Watch Now!

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This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the Software as a Service (SaaS) industry.  Previous episodes in this series include:

• DSE in the Telecom Industry
• DSE in the Media and Entertainment industry
• DSE in the Semiconductor Industry
•  DSE in the Medical Device industry
• DSE in Utilities industry
• DSE in the Energy Sector
• DSE in Transportation

Overview

Software as a Service (SaaS) is a delivery model in which software is provided over the internet, on a subscription basis, rather than as a product installed on companies' own computers. SaaS has its roots in the late 1990s with early adopters such as Salesforce.com, but it wasn't until the mid-2000s that SaaS started to gain widespread adoption. In the following decades, the growth of cloud computing and the increasing availability of high-speed internet made SaaS a more viable option for businesses of all sizes.

Today, SaaS is a multi-billion dollar industry, the fastest growing business model, and is a major driver of innovation in the software industry. Analytics firm Statista estimates that the SaaS market is worth approximately 146 billion in U.S. dollars and estimated to reach 195 billion U.S. dollars by 2023.