Software as a Service (SaaS) is a type of software distribution model in which a customer accesses software on a subscription basis. In this way, the vendor offers access to software or databases via the Internet, intranet, or extranet. This allows for continuous updates to be deployed automatically without having to install new versions of the software.
There are numerous benefits that an SaaS-based LMS can offer. For example, SaaS is extremely cost effective since it allows you to only pay for what you use.
This is especially true if you use eLearning in your business as it helps improve employee productivity and performance and thus boosts your ROI.
Since all updates are handled by the vendor, there is no need for you to purchase new versions of the software or perform upgrades manually. It also means that there will be no risk of your learning management system becoming outdated or being vulnerable to cyber attacks and other threats as there will always be updated security measures put in place by the vendor.
The ability to provide learning materials on demand also allows employees to learn at their own pace while also being able to work from anywhere they choose (e.g., home). This will also save you money on the cost of travel, which is particularly beneficial for smaller businesses.
Furthermore, since an SaaS LMS is web-based, it means that you can easily access it from any device and location. It will also help to reduce your costs as there will be no need to purchase expensive hardware or software.
A SaaS LMS is a convenient solution for small businesses that do not have a dedicated IT department and cannot install and manage an LMS themselves. For these types of businesses, a SaaS LMS can provide them with all the benefits of an LMS without incurring any additional costs or risks associated with its implementation.