Once upon a time, you just purchased your software outright and it was yours to keep forever. Now many software vendors such as Microsoft and Adobe are offering you the opportunity to rent your software on a monthly subscription. Some software such has the latest version of Adobe Photoshop has now become subscription only. While this new way of purchasing software can work well for some businesses, many businesses may actually work out worse off, lets discuss some of the pros and cons:
Pros
Pros
- Your software will always remain current – You will constantly have the latest version available to you within the monthly cost that you’re paying. Businesses that renew their software regularly and have to have the latest version will usually be much better off.
- Ability to add and remove licences – Licences can be added or removed on a monthly basis, if you business is expanding or you are not to sure if you will have the need for the software in a few months time then this can be a fantastic option.
- Cash Flow – With no hefty up front cost, the subscription model is much better for cash flow or businesses that can’t afford the upfront cost of some software.