SAAS vs. on-premise (fully customizable) platforms
There are specific advantages and disadvantages for each solution. In the end, it all comes down to what works best for your particular business.
Traditionally, companies used to get on-premise e-commerce solutions. They would obtain the enterprise software license, then install and maintain the required hardware and software within their own or controlled physical location. The most significant advantage of this solution is full control over everything related to the company’s e-commerce system, right down to every physical server and every software tweak. The downside is that your company is responsible for setting up and continuously maintaining the hardware (and carrying all the costs associated with it) and re-calibrating all the software customizations with each update.
A SaaS e-commerce solution, on the other hand, is going to be owned, maintained and managed remotely by the software provider. The provider will deliver your e-commerce SaaS software, update it regularly and maintain the hardware infrastructure. The solution will be available and accessible from anywhere by simply logging in online. It will be financed on a pay-as-you-go or a subscription basis based on use metrics.