How is SaaS technology transforming the financial industry?
In today's business world, technology is critical to driving growth and efficiency. However, the way in which companies acquire and use that technology is undergoing significant change. Traditionally, the purchase of technology systems involved a very high upfront cost, along with the need to overcome lengthy implementations before the value of the investment could be realized. But today, the scenario is evolving towards a more flexible and beneficial model with Software as a Service solutions.
What is a SaaS?
SaaS is a software distribution model where applications are hosted in the cloud and accessible via the Internet. Instead of buying a software license and making a large upfront investment, companies pay a periodic subscription to access and use the software as needed.
Changing the dynamics of risk
One of the most striking aspects of SaaS is how it changes the risk dynamic between supplier and customer. In the traditional on-premise technology purchasing model, the buyer assumes most of the risk. These challenges range from installation and start-up costs to uncertainty about whether the product will meet expectations.
However, with a SaaS this dynamic changes radically. Suppliers, such as VMetrix , are the ones who make the initial investments and commit to providing a service that generates ongoing value for the customer. By paying for a subscription, companies can mitigate their financial and operational risk, as the supplier assumes responsibility for maintaining and upgrading the product.
Get value quickly
Another key benefit of SaaS is the speed with which companies can realize the value of their investment. With traditional on-premise technology purchasing models, it can take years to implement and begin to fully leverage a system. This means that return on investment (ROI) is significantly delayed.
In contrast, with a SaaS, companies can start using the software immediately, as the infrastructure is up and running in the cloud. This allows for very simple setup and onboarding, agile adoption for users and, ultimately, faster value generation for the company that contracts the service.
VMetrix: Benefits of a end-to-end SaaS
In addition to the financial and operational benefits offered by the SaaS model, there is another key aspect that sets VMetrix apart from traditional solutions: end-to-end service. When a company opts for our solution, in addition to the software, it is getting a complete set of services that make the difference in its success.
Automatic and continuous updating: One of the biggest advantages of VMetrix is that our teams take care of keeping the software always up-to-date, at no additional cost. This means that users do not have to worry about installing security patches or deploying new versions of the software; updates are deployed automatically and transparently. We ensure that users are always using the latest version of the software.
Specialized support included: Another highlight of the VMetrix service is that specialized technical support is included in the subscription. This means that users can get quick help from experts whenever they need it, without incurring additional costs. Whether it's resolving technical issues, answering questions about software functionality or providing guidance on how best to use the software, the support team is available to help.
Focus on customer experience: The end-to-end service offered by VMetrix focuses on the customer experience. By providing automatic updates, modeled instruments, curves and indices, pre-loaded regulatory regimes, technical support at no additional cost and a wide range of additional resources, we ensure that our clients are satisfied and get the maximum value from their investment.
In a scenario characterized by the lack of centralization, with modular on-premise systems, internal developments and spreadsheets, VMetrix is the first SaaS that allows the integral management of the life cycle of financial asset portfolios. For these reasons, our SaaS solution represents a new service model in the financial industry, with a proposal that outperforms what exists in the market, much more beneficial for clients, in which it stands out:
Fast set-up: ready-to-use systems that can be operational within three months.
Always up-to-date: free of obsolescence, with automatic upgrades at no additional cost.
Modeled markets: preloaded financial instruments and integrated regulatory reporting.
Digital transformation: digitized and automated operational flows.
Security and operational continuity: infrastructure and security managed by VMetrix certified by ISO 27.001, Information Security Analysis and Monitoring (SOC), Disaster Recovery Plan (DRP), Double Factor Authentication (2FA) and Single Sign-On (SSO).
Tailor-made subscription: subscription-based contracting modality, with specialized support included.
A SaaS like VMetrix represents more than just a different way to access software, it is a paradigm shift that benefits the entire financial industry, reduces risk for clients, accelerates time to value, and fosters long-term business relationships based on ongoing satisfaction.
