What is Cloud Computing or Software as a Service?
Cloud computing or Software as a service (SaaS) is a way of delivering applications over the Internet, as a service. Instead of installing and maintaining software, you simply access it via the Internet, freeing yourself from complex software and hardware management.
SaaS applications are sometimes called Web-based software, on-demand software, hosted software or software in the cloud. Whatever the name, SaaS applications run on a SaaS provider’s servers. The provider manages access to the application, including security, availability, and performance.
An excellent example of software that utilises the SaaS model is internet banking offered by banks. Internet banking protects the privacy of each customer while providing an online service that is reliable and secure, on a massive scale.
Customers are able to add beneficiaries, draw statements and pay accounts using the same financial systems and technology without worrying about anyone accessing their personal information without authorisation.
As a Cloud provider, PaySpace owns and maintains all of our own software which means PaySpace costs less, because you don’t need to pay for all the people, products, and facilities to run our software.
PaySpace is more scalable, more secure, and more reliable than most on-premise applications. Plus, upgrades are taken care of for you, so you get security and performance enhancements and new features – automatically and free of charge.
PaySpace is powered by a multi-tenant architecture, in which all users and applications share a single, common infrastructure and code base but is logically unique for each customer. The advantage of using a multi-tenant architecture translates to significant benefits for our customers, including: