Enterprise SaaS project management software has evolved rapidly in recent years. If your organization is still using an outdated on-premise project management system, it’s time to find out what you’re missing.

Not only can a new cloud-based project management solution can help you reduce costs, but it can help increase efficiency and improve overall project outcomes. The trick, of course, is to choose the right software for your organization.

Before you start exploring the options, take a moment to familiarize yourself with the 6 essential features that you should look for in your new SaaS project management software.

  1. Lower TCO
    SaaS-based enterprise collaboration lets you enjoy a lower total cost of ownership (TCO), because there is no hardware or software to purchase or install and no pricey licenses to buy. Document sharing and collaboration are also built-in (there is no need to augment the system with SharePoint or other tools).
  2. Real-time reporting
    Project managers need to know where their team members are on their assigned tasks, and C-suite stakeholders need frequent updates on budget and timeline performance for projects across the organization. SaaS project management software provides a wide range of reports using real-time information.
  3. Portfolio-wide visibility
    Most organizations have dozens interconnected projects under way at all times. Yet, many older project management solutions lack the ability to present information on resource availability
    and budget performance for multiple projects at once. With SaaS project management software, your organization’s portfolio managers have the ability to view and share current data on risks and deadlines across the entire enterprise.

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