When you decide to use a Software as a Service (SaaS) AP workflow application, you avoid the overhead associated with implementing traditional on premise Accounts Payable software. Using SaaS AP workflow eliminates the need to use your scarce IT resources to install, maintain and support the AP workflow application and its infrastructure. Monthly subscription costs for SaaS AP workflow applications reflect the economies of scale achieved by a key aspect of SaaS which is “multi tenancy”. A Multi tenant AP workflow solution implies multiple companies use the same instance of an AP workflow system with separate security rights controlling access. SaaS AP workflow providers using a multi-tenant architecture are able to achieve economies of scale which leads to less internal cost to support which therefore translates into lower monthly subscription costs for SaaS AP workflow customers. Typically SaaS customers pay a monthly or annual subscription fee based on metered usage so you pay for exactly what you use compared to a traditional software license where there is typically a larger upfront fee, annual maintenance and per user charges. By eliminating many of the typical AP workflow implementation tasks associated with traditional licensed on premise accounts payable software, SaaS AP workflow deployment time tends to be much shorter with a SaaS AP workflow application than a traditional on premise AP workflow system. AP Departments therefore free your IT department from supporting high-cost, time-consuming IT functions. SaaS software updates for AP workflow solutions are handled automatically by the SaaS software provider. Bug fixes are implemented as soon as they are available. Continuous upgrades and new features are typically available at no additional cost. A SaaS AP workflow solution provider has the added incentive to stay on top of the latest technology and AP functionality or risk losing the customer to other AP workflow providers. This is a key benefit of the SaaS AP workflow model to the customer. Traditional software eventually runs its course of useful life and needs to be upgraded. However in a SaaS AP workflow model, it is like getting a new application every few monthly since SaaS AP workflow providers are continually coming out with updated releases to their AP solution. Using SaaS for your AP workflow solution is like getting a new car every time a new model or feature is released. Who would not like to always have the latest and greatest car on the market? And to have the car the very day it becomes available on the lot? Going the SaaS AP workflow path allows your AP department to have that new model car and drive down your AP invoice approval process costs.