While the cloud offers numerous benefits like scalability, cost-efficiency, and accessibility, there’s a common misconception that migrating to the cloud might compromise functionality. However, this is far from the truth. With the right approach and technology, organizations can maintain or even enhance their functional capabilities in the cloud. Let’s discuss how to do this with single-tenant cloud solutions.
Traditional SaaS Applications
Software as a Service, also known as SaaS, is today’s predominant delivery model for cloud-based business applications. SaaS is generally built with multi-tenancy in mind, meaning many different people and their respective companies share the same application. Traditional SaaS providers often rely on multi-tenant cloud solutions for cost efficiency, scalability, and reduced overhead.
While this is fine for certain businesses or functional areas, some businesses or applications do not lend themselves well to multi-tenancy. For instance, companies with high accounts payable transaction volume may have process-specific differences that make multi-tenant offerings less efficient. Multi-tenant solutions also have their own drawbacks, such as being less secure, having slower updates, and fewer customization options.
How Are Single-Tenant Cloud Solutions Different?
A single-tenant, cloud-hosted solution may be the answer for complex applications such as vendor onboarding, management, portals, or workflow. Single tenancy offers the flexibility to address your organization’s unique needs. A single-tenant, cloud-hosted solution is an on-premise solution located in a cloud environment. It still has the benefits of low IT overhead, lower operating costs, and greater uptime, while being better for more complicated systems.
Although single-tenant solutions are generally more expensive than multi-tenant, they offer greater customization options and better performance. Additionally, since your organization is the sole user of the solution, upgrades and enhancements can be addressed in days, not weeks or months. If performance, customization, and security are important to your back-office functions, single-tenant solutions may be worth looking into.
Get Started
Single-tenant, cloud-hosted solutions may be the answer to lowering your costs while preserving important functionality or flexibility for your organization. Contact ICG today to discuss hosting your applications in the cloud and whether single-tenant solutions are right for you. Or, request a personalized demo to see how ICG’s solutions can help your organization.