What the switch actually costs
An honest comparison is not made line by line but on the whole. A SaaS subscription is paid per user per month; a managed application is paid per machine, however many accounts connect to it.
Concretely: at five users, a tool billed €8 per seat costs €480 a year. The same function as a managed application at €8.99/month costs €108 a year, and the figure does not move if the team grows to fifteen.
The gap narrows at a single user, and it reverses for very occasional use. That is the kind of arithmetic better done before migrating than discovered afterwards.