One of the most frequently asked question these days is, should we choose a cloud-based(Saas) or an on-premise software, especially when it comes to choosing a payroll software. I have seen people confused while choosing between these two platforms.
The most important reason why a person/organisation even considers an on-premise software is because of the notion that it would be less expensive than a saas software. A Saas platform has recurring pricing model while an on-premise software has a one-time purchase cost, thus a cloud-based(Saas) system is more costly. I believe this perception to be wrong because that is not the complete scenario.
There are many different types of cost involved in case of an on-premise software and the cumulative costing comparison of the two platform tells a different story.
Cloud-based Payroll pricing structure(SaaS)-
Subscription Fees(monthly/quarterly/yearly) - Has a recurring cost which the customer has to pay regularly after a particular interval.
Implementation & setup cost - This is a one-time payment which is incurred by the customer at the time of implementation of the system.
On-premise software-
License Free - This is a one time cost which is incurred by the customer to attain the license of the product.
Implementation & setup cost - A one-time payment to implement the complete software.
Maintainance cost - Cost incurred for maintenance in a specified time interval.
Upgrade cost - Cost incurred to upgrade the system in case of major upgrades.
Support cost - Cost incurred by the client to get support from the software vendor.
Customisation & Integration cost - These are the cost incurred to customise the software according to the organisation's need.
Thus the TOC(total ownership cost) in case of on-premise payroll software tend to exceed that of a Saas software.
Disclaimer - I represent KEKA HR.
If you want to experience how the "Best Payroll Software 2017" looks like. Then Sign-Up for the Free trail version.

From India, Hyderabad
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™