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Nate,
The on-premise vs SaaS battle is already over. If your owner is not even considering the SaaS products then your firm is going to end up with another dinosaur. The SaaS vendors will contracually protect your data, offer stable uptime and they are going to way more innovative and easier to use that the on-premise software you can buy today.
You alleviate your fear of SaaS by finding a couple of vendors and allowing them to address your concerns. These guys are going to be the most innovative. Look at their products, way more thoughtful than the legacy vendors that still try to install software are your shop.
Check out Maxhire, and Bullhorm - good stuff. They go head to head in deals all the time. Bullhorn is in Boston too.
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