Levelling the field for SaaS startups
In a striking paradox, small-and medium-sized enterprises (SMEs) make up an impressive 90% of all companies and contribute nearly two-thirds of global employment and GDP according the World Economic Forum. Yet, 67% of them struggle with resource constraints, short-term pressures, and limited expertise, making it hard to adopt the technology they need.
For SaaS startups, this shows the importance of being able to focus on core activities without being bogged down by complicated admin and infrastructure. This is why democratising access to easy-to-manage access and subscription management tools is so crucial. SaaS startups need cost-effective solutions specifically designed to address their unique challenges and evolving operational and business needs. Excessive costs or unsuitable solutions shouldn’t hold back emerging service providers from realising their full potential.
Fragmentation, resource requirements, and upfront costs pose real challenges
Startups, especially in tech, face the challenge of staying true to their mission while adapting to fast-changing customer needs. In short, they are constantly chasing moving targets.
Developing in-house solutions for key processes like access and subscription management can be highly complex and brings its own challenges, particularly for teams lacking expertise in this area. Similarly, using specialised tools means dedicating significant time and money to set up, learn, and patch different systems together to make the overall process work.
Unlike larger, more established organisations, many startups must often implement complex tech solutions without dedicated IT teams. Barriers like high upfront costs, complexity, and resource constraints could make it tough for many service providers to compete. Without the right tools, managing growth can quickly become overwhelming, leaving startups struggling to keep up.
SaaS startups shouldn’t fall behind the competition simply because the tools they need to succeed seem out of reach. Democratising access and subscription management means simplifying processes to enable startups to handle a growing user base without facing escalating costs or straining their internal systems. It can also involve incentives like ‘freemiums’ and performance-based pricing structures, allowing SaaS startups to launch and expand their customer base without the complexities and high costs typically associated with enterprise-level systems.
What they need are simple, scalable solutions to bring everything together, saving them time, energy, and capital. Flexible solutions enable SaaS providers to cater to customers with varied needs and evolving expectations without outgrowing their access and subscription management tools.
Moreover, democratising access to innovative tools helps eliminate the issue of fragmentation, offering a more cohesive and efficient approach to business growth. Working with multiple, fragmented tools creates inefficiencies and poor integrations between tools, increasing admin time and costs, complicating workflows.
With downtime costing small businesses anywhere from $137 to $427 per minute, there is no room for compromising on technology if they want to stay ahead of the competition. This further highlights the case for simplified integration to ensure minimal disruption during setup and operation.
Every aspect of customer experience matters
Less time on deployment means more time to focus on customer experience.
No matter how good the product is, the quality of the customer experience can make or break a business. Customers look for services that make their lives easier and are quick to lose trust in experiences marked by inconsistencies, errors, or delays. In fact, 80% of customers switch brands because of a poor experience. Looking at the bigger picture, poor customer experiences put companies around the world at risk of losing up to $3.7 trillion annually.
Right from onboarding to offboarding and everything in between, SaaS providers have the opportunity to delight customers in the subtlest of ways. Everything count – even small improvements that prevent friction points, thereby reducing frustration and ensuring a smooth experience throughout the entire access lifecycle. Over time, every positive microinteraction adds up, creating loyalty and long-term relationships that drive customer retention.
Service providers should have full control over the authentication and authorisation processes without the need for extensive custom development. While at the same time, customers should be empowered to control their own identities. For example, self-service features make it easier for service providers to reduce administrative tasks and focus on delivering value, thanks to fewer support calls and more satisfied users who enjoy having control over their services.
When managing a growing customer base with multiple, disconnected tools, it can quickly lead to inefficiencies, data silos, and a disjointed customer experience. That said, SaaS startups need to ask themselves whether their approach is scalable and sustainable in the long term, and if they have the right tools to support growth effectively.
The right technology is non-negotiable for startup success
Despite its inherent challenges, lean structures give SaaS startups a unique advantage to grow and adapt quickly, allowing them to respond swiftly to market changes, customer feedback, and emerging opportunities.
In an environment that’s perfect for experimentation and iteration, they can test new ideas and continuously improve through faster feedback loops. What makes all the difference, however, is the technology that enables these processes – capabilities which are typically reserved for larger enterprises. Democratising access to these tools is essential to creating a level playing field for startups and scaleups to establish a strong footing with their customer base.