When it comes to traditionally bought or licensed software versus software as a service (SaaS), many businesses are reevaluating the way they handle their software needs, and are leaning towards SaaS apps. SaaS apps are often highly niched, and simple web applications that are purchased at a low cost. In comparison, the total cost of ownership of traditional software must account for the initial purchase price of the license, then also for updates, IT support, training, and development. Software that includes more applications bring more value to the software itself, but still require IT and upgrades. It’s now increasingly apparent that the price of software is a small portion of the total cost of ownership.