The Advantages of Our SaaS Platform for Different Kinds of Clients

A couple of years ago Grey Systems took a decision that would definitely shape how our flagship product (Push Money, the money transfer software platform for money transfer and remittance business) is designed and sold: we changed the way we deliver software and services to our clients. As far as it concerns software, the big change is we're no longer selling a license to grant a client the right of executing our software:

Software as a Service (SaaS) We're selling a service: the clients can use our software which is being executed in our data centre and accessed from a network connection.

Basically, we take care of everything:

• The hardware infrastructure, such as:
  • Servers.
  • Storage appliances
• The network infrastructure, such as:
  • Network appliances.
  • Redundant broadband network connections.
  • Firewalls.
  • VPN (IPSec) connections.
• The software, such as:
  • Operating systems.
  • Virtualization platforms.
  • Databases.

Are you thinking about some kind of a rental service, aren't you? Well, the short answer is: no. Since there are so many differences between our SaaS/PaaS offering and a rental that we feel the need of summarizing the major ones and the benefits our clients get from SaaS.

Your Business Needs Enterprise-Level Infrastructure

Financial institutions are businesses that highly depend on technology nowadays. Our clients cannot afford a downtime as small as few hours, let alone a disaster causing data corruption or loss. There are many things to take into account when building a solution which your business depends on and these are only few of them:

• High availability.
• Fault tolerance.
• Redundancy (at any level).
• Efficient back up and restore procedures.
• Disaster recovery plans.
• Observability.

Unfortunately, enterprise level technology is expensive and designing, installing and maintaining an enterprise level solution it's not an easy job.

Don't underestimate the requirements of your business: build your business on solid foundations.

Joining Forces Means Reduced Fees

Renting is usually cheaper than buying on the short run, and you probably guess there's always a break-even point after which buying becomes cheaper. Think of renting a car worth $15.000 for $30 a day. One year (without rebates) would cost more than $10.000. If the useful life of this car were 5 years, you'd better buy it than renting it, even for few months.

What about software, then? Well, have you ever wondered about the useful life of data centre appliances? It's indeed not trivial, since it's highly dependent on factors such as specific hardware type, vendor tech support and price. However, you can quickly try and make a sound hypothesis: 3 years. After which, you're going to start renewing your appliances. Moreover, if you're running a data centre, chances are you're going to need an IT department that takes care of it.

The bottom line is: maintaining an enterprise level data centre is costly. Some thousands of dollars a month represent a typical budget for small-sized data centre infrastructures. That's a budget small and medium business cannot usually afford.

Sharing the same infrastructure across multiple clients lets us spread these fixed costs over all of them, thus reducing the overall fees that we need to charge. The result: every client is taking advantage of a complex enterprise level data centre at a very competitive price. So competitive that we believe there's no break-even point.

Our SaaS Platform Is Cheaper Than An In-House Solution No matter how long you use our SaaS platform, it will always be cheaper than running an in-house solution.

Pay Only for What You Need

Another consequence of running an in-house solution is size. One of the common problems you may run into is average resource underconsumption with isolated spikes. Said in other words: most of the time, you're fine with the resources you have although your systems experience high load spikes in particular circumstances (such as end of the month and end of the year).

You're typically left with two choices:

• Either you pay for more resources you won't be using most of the time.
• Or you let your system starve under the pressure of the isolated load spikes.
  Both solution sacrifice something: money the former, user experience the latter.

Our platform, on the other hand, is a fully virtualized environment that can be resized according to our clients' needs as needed. To cut a long story short: you're only paying for what you need.

Focus on Your Business

Information technology is not the core business of financial entities. Outsourcing IT to and using a SaaS platform like ours will give you several advantages such as reducing the TCO of your platform and overall IT costs. The most important advantage will be one that's often underestimated: you'll just focus your energies and your budget on your core business. Instead of devoting time to build and maintain your own IT infrastructure, you'll concentrate on what you do best: your business. Your feedback and your requirements will be invaluable resources that will drive the platform evolution and its adaptation to your needs, to make it fit like a glove into your business processes.  

A Data Centre for Small Businesses

Starting up a new business is a tough job. Starting up a business that heavily depends on technology like a money transfer business is expensive, too. Using our SaaS platform, you'll be able to start your business immediately, with a proven, rock-solid, enterprise level money transfer software platform. There is a licensing option for businesses of every size: from start-ups to big enterprises that need a scalable solution to manage millions of transfers a day. Moreover, all of our clients are equally important: the platform we offer is the same for everybody, but you will only be charged according to the resources you need.

These are some of the advantages our SaaS money transfer software solution can offer to you.

Try Our Money Transfer Software Now!

The best way to discover how our money transfer software can help your business is contacting with us. We'll be glad to answer all your questions and help you find the best solution to your needs.