In today’s economic climate, the cost of just about every business expense is being scrutinized. And, while many companies are holding off on spending behind new business systems, some of the old systems might be costing the company much more than the savings they would realize if they were to adopt new ones.
In some cases, particularly in situations where companies are undergoing corporate transition due to a merger, acquisition, divestiture or the like, companies have no choice but to invest in new business systems. Regardless of the circumstances, HRMS represent one of the key business systems where the right decision today could have a significant impact on ROI tomorrow.
There was a time, not too long ago, when companies seeking such solutions had no choice but to purchase an on-premise system, to pay significant upfront licensing fees, to install those systems on dedicated company servers, and to maintain them with company personnel. When the SaaS (Software-as-a-Service) deployment model was introduced, companies had their first real choice in systems. And, as SaaS has gained traction, it has been shown to be more cost-effective than its installed counterparts.
It has been our experience that Sapien has enabled every client to save vis-à-vis the cost they would have incurred with an installed solution. In some cases, we have calculated those savings to be as high as 85%.
Many Ways of Looking as Costs
As we all know, cost is not always about “dollars out.” Sometimes, it is about “dollars saved”, sometimes about the efficiencies realized, and sometimes about the source of the dollars. The cost effectiveness of the Sapien solution applies across all of these options:
- Sapien is priced according to the number of records and program types (modules). With no upfront purchase requirement, our fees are often easier for corporate budgets to absorb.
- Sapien saves money for our clients on hardware and personnel, as there is no purchase fee and the maintenance is handled by us directly.
- Sapien has the ability to implement quickly…a significant cost savings for companies with short lead time requirements. Time often IS money.
- Sapien is a total HR software solution with integrated HR Information Systems and HRM Software modules, saving time and money based on ease of integration and usability of information.
- Sapien allows clients to add modules as their needs evolve, without restarting the search process for each new module, or when they enter each new country.
- Sapien is the only HR solution with an in-house Human Resources Augmentation capability…so unique that it has been recognized by the International Business Awards as one of the best new products or services of 2008. Through this service, companies have proven the ability to save significantly on their HR costs as Sapien is able to handle everything from onboarding to offboarding, recruiting, benefits administration and more.
However one chooses to look at costs, Sapien has demonstrated an ability to save and to add value with every single one of our clients.
A more detailed white paper on this topic is available on the Sapien website at http://www.sapiensoftware.com/download/costeffectivenesswhitepaper.pdf.