Easy XBRL reporting
NeoClarus ifile offering is available as an on-demand (SaaS) solution
What is On Demand?
- AMR Research
At the most simplistic level, On Demand is the delivery of software functionality over the Internet from a single application instance that is shared across all clients. On Demand solutions require only a Web browser for access, eliminating the need to install or maintain software or hardware. They also replace upfront licensing fees and lengthy implementation cycles of traditional installed applications with a "pay-as-you-go", subscription-based service relationship.
However, On Demand/SaaS is less about technology architecture than it is about a new business philosophy that incorporates the delivery of software, content, and services as flexible Web-based solutions. For users, this means accessing application functionality (extraction, mapping, creation of Xbrl instance,validation and filing creation of ), research and intelligence (reporting and Metrics), and support services (upgrades, service request resolution and training) as integrated Web services.
Traditional enterprise application businesses are not built for such dynamic performance. Application development cycles at these firms are lengthy and complicated by the need to support antiquated architectures and legacy application versions. Their service groups are primed for large, complex, and costly implementation and integration projects—not rapid on-boarding and flexible lifecycle support services.
Benefits of On Demand
Speed. Flexibility. Savings. NeoClarus delivers best-in-class Xbrl-based solutions on demand. The powerful combination of NeoClarus technology, services and expertise has empowered businesses of all sizes and maturity to achieve self-sufficiency and impressive business results. Below are just a few of the benefits we offer over traditional software.
Benefits breakdown:
| Traditional Installed Software Model | On Demand/SaaS Model | |
| First-year costs | Application license Large, upfront $ |
Subscription service Initial solution fees < 50% of licensed installed software First year total cost of ownership 5X-10X less than installed software |
| Implementation cycles | 6-18 months | Days to weeks |
| Implementation fees | 1X-4X cost of initial license | 10%-25% of subscription |
| IT Infrastructure/Hardware | 18% - 25% of initial fee | None |
| Maintenance fees | 18% - 25% of initial license | None |
| Frequency of upgrades | 1X per 12-18 months | >3X-4X/year |
| Cost of support/upgrades | Unpredictable/hidden costs | >None |
Low upfront costs: With no need to license costly software or hardware or hire expensive implementation services, initial solution fees are less than half those of installed software.1
Low total cost of ownership: With no technology to maintain, total cost of ownership is 5X - 10X less than installed software
Fast deployment: You and your partners can get started with a basic Internet connection. Full deployment is measured in days and benefits begin accruing immediately.
Rapid adoption: Internet delivery, high usability, and online help and training drive rapid adoption, increasing solution ROI and value.
Optimal service levels: NeoClarus's success is tied to the success and satisfaction of our customers. Our data centers, technical support, and expert services offer higher performance, faster adoption, and better support and response than most companies can deliver internally.
Global support: NeoClarus offers global support for our customers and their clients/partners, delivering round-the-clock technical and process support in multiple languages.
Continuous upgrades: NeoClarus's agile development process and SaaS model deliver frequent functionality enhancements and upgrades automatically and free to all customers.
Best-practices: NeoClarus provides best-practices through online and in-person training, process templates, and call center support.
Secure Infrastructure: NeoClarus delivers its On Demand solutions through secure data centers built from the ground up for continuous, secure, and reliable Web-based service delivery.
Is it really Saas?
True On Demand/SaaS solutions offer faster deployment, immediate savings and built-in service and expertise on demand via the Internet. Make sure your business realizes the full benefits associated with the SaaS model. Look for the following characteristics to distinguish a true On Demand solution from the rest.
NeoClarus's iFile | On Demand / SaaS offers:
- A core shift in the underlying relationship, from product-based to service-based
- Web-based application with delivery of the application service over a standard Internet browser that is specifically designed and developed by the Software as a Service provider, not another technology firm
- No end-user investment required in software, hardware, implementation and integration services, or use of additional IT staff
- No software/no hardware installed; remotely delivered and managed applications from a single or multiple centralized locations, but not residing on the client's site or within its underlying IT structure
- Rapid and simple deployment, configuration and training (typically less than three months)
- Single application code base (Java, J2EE, .NET, or open source) and single platform and database selection that is used across the entire customer base allowing for significant product development and R&D efficiencies
- A "one-to-many" application delivery model that is often defined as a multi-tenant architecture, which is scalable, secure, and replicable application architecture capable of supporting thousands of concurrent customers on a single instance of the application
- Frequent upgrade cycles occurring multiple times per year in addition to minor product enhancements on a routine basis that are all seamlessly deployed over the Web
- "Pay-as-you-go" pricing with a wide variety of models (i.e., subscription, transaction, etc.)and terms ranging from payments received upfront, to pre-pay, to as incurred
- Ability to customize and configure the appearance, policy settings, workflow and other characteristics to meet the diverse needs of a large customer base
- Ability to integrate using APIs and Web Services with other existing third-party and internally developed enterprise applications and databases
- 24x7x365 perpetual account responsibility with on-going customer services supporting end-user adoption, use / training, and troubleshooting
