In an every evolving technology based world it is essential to gain a competitive advantage to be successful. This competitive edge can be created and maintained through having better systems in place. We also need to focus our resources on areas that add value and align with the core mission of the organization. The noncore functions can often times be provided more successfully and cost effectively by being outsourced to an specializes in them. They can afford to acquire the talent and infrastructure necessary by aggregating volumes and creating economies of scale.
It is a system or software application that is operated by another organization. These type of solutions are often times referred to as SaaS (software as a service) and provide by ASP (application service provider) organizations.
| HOSTED | LOCALLY INSTALLED | |
| COSTS | Lower predictable costs | Upfront capital investment |
|---|---|---|
| IMPLEMENTATION TIME | Short | Unknown |
| UPGRADES | Automatically | Manually by internal resources |
| SCALABILITY | Built for scalability | Requires additional investments and resources |
| ACCESS | Anywhere, anytime | Can be limited on security risks to internal systems |
| EMPLOYEES | All work done externally | Varies, all work is done internally |
| TECHNICAL SUPPORT | Experienced and focused on the solution | Usually not dedicated to a single system |
| SECURITY | Ensured | Unknown |
There are many advantages to implementing hosted Document Management systems. The speed of implementation is one of the key advantages. These solutions can literally be provisioned and implemented in hours not weeks or months. The speed of implementation and the predicable costs lead to a much shorter ROI hosted Document Management systems.