List two benefits of the IT Strategy to use a SaaS solution to support the hirin

Question

List two benefits of the IT Strategy to use a SaaS solution to support the hiring process.

Identify three things the CIO and his team should look for as they consider which SaaS vendor to select. Explain what they are, why they are important to CIC’s business.

Then, explain what you think is CIC’s biggest risk in outsourcing this IT function, why you selected that risk, and what CIC’s IT department’s key responsibilities are to minimize risk and protect the business as they select and use a SaaS solution.

Explanation / Answer

Solution:

The first question is done as per Chegg guidelines, please repost others.

The benefits are given below:

1. Stability and Predictability

It is much easier to predict revenues basing on regular subscription fees. SaaS business model lets you monitor all incoming invoices, contract expiration of particular clients, changes of subscription plans etc. The risk of sudden revenue decrease is minimized, so it would be much easier to develop your marketing strategy.

2. Lower costs

SaaS has a differential regarding costs since it usually resides in a shared or multitenant environment where the hardware and software license costs are low compared with the traditional model.
Maintenance costs are reduced as well since the SaaS provider owns the environment and it is split among all customers that use that solution.

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