Think a server is going to save you money? You might want to think again. Purchasing, operating, maintaining, securing, storing, and keeping it cool does not come cheaply. And once you’ve sorted all those out, you have to pay for software user licenses on top of that, just to run the software you wanted to buy in the first place.
There’s an alternative in cloud-based, SaaS solutions. The cloud benefits your law firm in a variety of ways; a lower total cost of operation (TCO). And as anyone operating a legal practice knows, managing and reducing costs isn’t just a “nice to have”, it’s an imperative in an increasingly competitive and changing market.
According to CIO.gov, the website of the US Chief Information Officer and the Federal CIO Council, cloud-based software services offer not just great software, but also a lot of positive benefits covering economic, security, and business objectives. You don’t just get the software, but also a lot of built-in benefits that would cost extra in your own server. This matrix highlights those benefits here:
Cloud businesses are able to offer these free, built-in bonuses because they operate at an economy of scale beyond which any individual law firm can spend. In fact, even the US Federal Government managed to save a significant amount by switching the Federal Labor Relation Authority’s case management system from a desktop, server-based system to a cloud-based, SaaS system.
Their case study showed a total cost reduction of 88%, while eliminating up-front licensing cost of $273,000, and reducing annual maintenance from $77,000 to $16,800! If the Feds can save money on something, well, you certainly know you can, too!