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Intellika experts discuss the key initiatives of business transformation and accelerating innovation.

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Software as a Service – Moving away from perpetual licenses

A new attractive option, which is being explored by Financial Institutions, is 'Software-as-a-service‘ (SaaS) model, which has both a recurring subscription fee and a 'pay-as-you-go‘ model for procuring software licenses. This allows Chief Financial Officers (CFO) to forego the requirement of sourcing considerable capital expenses to buy perpetual licenses (for deploying IT systems that handle functions such as CRM and ERP) thus allowing them to conserve cash for other critical functions. Other advantages of SaaS that might lure companies are faster time-to-market and flexibility. [More]