The Benefits of Being an Expert in Vertical SaaS ERP
IT ClusterThe world of software is constantly changing, and the development of the SaaS industry is almost instantaneous. As such, SaaS companies must keep up with the latest industry trends and always be on the lookout for expanding their markets.
Many SaaS startups have been able to achieve multi-billion dollar valuations by focusing on vertical SaaS. The fact that many vertical SaaS companies have gone public is proof of how profitable this business model can be.
So, what is vertical SaaS and what are the prospects for being an expert in this field – Uitop tells the Kharkiv IT Cluster community.
First of all, what is vertical SaaS ERP?
Vertical SaaS ERP systems are specialized solutions developed for specific industries that provide targeted functionality and solve unique problems.
Developed specifically for one industry, an ERP system can be an LMS for a high school or a system that helps you manage utilities. All such unique systems help only one industry to achieve its business goals, solve its challenges, problems, needs and make its business more efficient and productive.
So, SaaS ERP software is a ready-made, out-of-the-box solution. It runs on the provider’s servers and is accessible via the Internet. This, in turn, provides several significant advantages.
- First of all, it is industry customization.
When Top experts develop an ERP system, it is prepared for only one industry. This means that the team focuses on the challenges, needs, problems, and workflow of a particular business.
Vertical SaaS companies often focus on developing solutions for complex or underserved industries that are typically ignored by larger software companies.
For example, small businesses in the healthcare, food service, financial services, or construction industries often find it difficult to keep up with changing regulations, distinctive business models, and complex sales processes. Vertical software solutions designed to meet these needs make their lives much easier.
It helps to create an easy-to-use product that can be easily adapted to their needs, company, and business goals. An additional advantage is that there is no need to pay for additional customization services.
- The vertical ERP system helps to comply with government regulations and increase the company’s efficiency.
Since Uitop experts develop a product for one specific industry, it is necessary to understand all the business requirements that should be met on this platform. And this will help companies reduce paperwork, the number of errors in the workflow, and build a more scalable business model.
- The system is cost-effective for the business and its users.
👉 Priority for users: when they implement huge ERP systems, they should be able to implement horizontal ERP systems, i.e., designed for all industries at the same time. They need to pay extra money for custom software development to improve the system and make it suitable for their industry.
Instead, when a vertical ERP system is developed, the business and its users do not need additional budgets for system implementation. This means that you can easily provide a go-live, so your users don’t have to pay extra money to implement the system.
👉 Business priority: you don’t need to focus on the problems of all industries. You create a product that solves specific challenges, problems, and builds trust with your users.
Benefits of being a vertical SaaS ERP expert
A unique niche makes Uitop employees experts in a specific field, increasing customer trust. When you have your expertise, you open the door to endless opportunities. A broad profile can stretch efforts and distract attention, while a unique specialization leads to concrete results. The narrower the profile, the wider the achievements!
So, what are the benefits of being a vertical SaaS ERP expert?
- Industry knowledge
- Improved problem-solving skills
- Expanding career opportunities
- Business optimization
- Improved decision-making process
- Customization and flexibility
- Competitive advantage
- Continuous learning opportunities
- Networking opportunities
- Contribution to the development of the industry
Success stories of vertical SaaS ERP implementation
ReLounge, developed by Uitop, is a CRM system with IoT integration that transforms medical centers using the Internet of Things technology. It ensures excellent patient care and efficient operation.
ReLounge is a powerful tool that is changing the way back health centers operate. Previously, the staff struggled with difficult-to-use software, but the app makes everything clear and simple. Now tasks are completed faster and the number of errors is reduced by half. This allows everyone to focus more on patient care. It’s not just a CRM.
To learn more about SaaS/ERP, watch the video on YouTube
Instead of an afterword
Vertical SaaS ERP demonstrates the power of targeting a market niche with powerful, customized solutions that meet its needs and challenges. In the current business landscape, this strategy undoubtedly has more advantages than developing generic products for all industries.
In the dynamic world of SaaS, there will always be new trends and opportunities. However, offering integrated payments can be a simple yet effective way to add value to your vertical SaaS offering and improve the user experience.
