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5 Business Advantages for Subscription-Based Applications

01 Aug

5 Business Advantages for Subscription-Based Applications

by SMB Suite
in Managed IT, SMB Blog
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1. Reduced Integration and Technology Costs

Companies must lower IT costs to lessen their overall spending. The current rule-of-thumb is that spending must decrease each year, posing a challenge to companies that must not only maintain existing IT systems, but also implement new technologies and approaches, such as subscription-based applications. Although a subscription solution requires new spending, it can substantially reduce other IT spending. Businesses are able to preserve cash while taking advantage of the power offered through the latest technology and software.

2. Faster Response to Internal Business Need

Most business technology is inflexible and difficult to adapt to business change. Just as the technology is deployed, there is a change in a customer requirement, a new product line which requires more characters for the part number, or 25 new  users need to be added. In each case, the existing system needs to be extensively modified, tested, and reimplemented. In a subscription-based environment, all that ‘heavy lifting’ is done for you – without disruption to your business. The solution can be easily modified, integrated, extended, or have new users added, thereby allowing you to focus on your business, not the technology.

3. Security and Regulatory Compliance

In today’s harsh business environment, being an executive or a board member of a company is not for the faint-of-heart. A whole raft of new laws and rules meant to protect the public, provide transparency in corporate management, facilitate government regulation, and smooth the interactions between businesses and their stakeholders will impact businesses for decades to come. Laws such as Sarbanes-Oxley, the PATRIOT Act, Basel II, the California Privacy Act, Graham-Leach-Bliley, and Health Insurance Portability and Accountability Act (HIPAA) require that business managers take full responsibility for their actions and secure their information and systems like never before. Subscription-based applications are hosted in secure environments that meet most, if not all of the information security requirements, required by law. Businesses don’t have to spend dollars locking down their traditional in-house systems to meet such requirements.

4. User Empowerment

Many users will find themselves participating in one or more business processes that they have no control over. Subscription-based applications allow for ‘application portability’ that follows the user to whatever role they may take. Functionality which was traditionally only offered to the ‘knowledge worker’ can now be made available to others to increase productivity and lower business costs. No need for costly infrastructure. Simply add another user subscription and off you go! Financial and productivity tools are now available to more people than ever, allowing your employees to get their jobs done faster and better than ever before.

5. Competitive Advantage

At a fundamental level, one basic business problem affects all of the rest. That problem is “inflexibility.” Basically, if companies are flexible enough, they can solve most business problems, since few problems are beyond the reach of the flexible company. With flexibility, companies can adjust offerings to changes in customer demand, build new products and services quickly and efficiently, and optimize their people’s talents to maximize productivity- providing the best possible direction for the future. Fundamentally, flexibility is the key to every organization’s profitability, longevity, and success. The most important aspect of the competitive advantage is the ability to meet the demanding needs of the market faster than the competition. Companies that improve their business often outdistance the competition as they use change to their advantage. Strategic advantages — those that distinguish one company’s value proposition from another’s — can be far more durable than tactical advantages, such as better responsiveness to change.

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Steve’s been with SMB Suite since 1998 and has been involved with nearly every aspects of the Company’s business as a strategist, professional services executive, cloud solutions architect, and senior consultant. In his current role, Steve is responsible for SMB Suite’s revenue and oversees the execution of ERP, CRM and BI projects for customers across a broad range of industries. Steve combines his expertise in MS Dynamics GP, CRM and other Microsoft products with a strong foundation in accounting and business to identify gaps and streamline customers’ processes. Prior to co-founding SMB Suite, Steve was previously Corporate Controller for MEHLE Behr and, prior to that, Audit Senior for Ernst & Young. Steve holds a Bachelor of Business Administration degree from the University of Texas at Arlington.

Jeremy is responsible for SMB Suite’s technology vision, strategy and implementation and is the architect of the Company’s Dynamics Cloud Platform. Highly adept in every facet of managed services, ERP systems and e-commerce platforms, Jeremy’s expertise spans the implementation and support of business and financial software solutions, as well as the customization and integration of SMB Suite’s cloud ERP technology stack. He holds numerous Microsoft and industry-related certifications, and was primarily responsible for designing the Company’s progressive business services platform in the early days of the Cloud. Prior to SMB Suite, Jeremy served as the financial analyst, systems administrator, and information systems liaison for a $2 billion financial services corporation.

Monty is responsible for SMB Suite’s day-to-day operation and, most importantly, its customers. As a leader, motivator and mentor, Monty creates loyal high performance teams willing to “walk through walls” to accomplish their goals. Prior to SMB Suite, Monty served as President of The Bradshaw Group (TBG), a global distributor, manufacturer, and repair facility for digital printers. In this role, he was the Company’s ambassador to its most important domestic, European and Latin American customers and TBG achieved a best-in-class Net Promoter Score of 74 for its superb customer satisfaction. Prior to TBG, Monty served as the General Manager of Sam’s Clubs three highest grossing U.S. stores and was named Regional Operator of the Year in 1999. Monty holds a BBA in Marketing from Texas Tech University and is an active member of Business Navigators. He has been active in Vistage International, Executives in Action, the Dallas/Fort Worth Retail Executives Association, as well as, A.P.I.C.S., the leading professional association for supply chain and operations management. Monty also volunteers with Hunger Busters and ManeGait, a therapeutic horsemanship organization.

David is a proven financial and information technology professional with expertise in providing business accounting software and computing solutions. He began his career by starting and managing a successful independent consulting practice for several years. He then launched the local systems consulting unit of Ernst & Young’s Entrepreneurial Services Group, leading the office into the hi-tech consulting arena. After successfully developing the unit for Ernst & Young, David founded NextCorp (which became SMB Suite in 2013) to serve the business software needs of clients throughout the US. David has made SMB Suite one of the best cloud ERP providers in the industry. In addition to being a successful entrepreneur and leader, he is a software and technology specialist, holding certifications in various Microsoft and other technologies.