Believe it or not, many companies have subscribed to many SaaS software. With so much money spent in subscribing to SaaS software, managing SaaS software in one go can be quite a heavy task than many people realize. Thanks to SaaS spend management software, the job doesn’t have to be quite heavy as it seems. Here are some of the best SaaS spend management software available right now.
14+ SaaS Spend Management Software
7. SailPoint SaaS Management
12. FlexNet Manager
13. Apptio SaaSLicense
15. Flexera One
What Is SaaS Spend Management Software?
Software as a service (SaaS) spend management software is a type of subscription management software where users, specifically companies, manage and monitor their costs in subscribing to various SaaS software. Because SaaS software charges on a monthly or yearly basis, the software can help companies streamline their subscription billing costs and see if the SaaS software they subscribed to brings in great results for the company or not.
One of the big benefits of using SaaS spend management software is that allows companies to manage their subscriptions to various SaaS software in a centralized hub. It also helps companies identify redundant software and suggest software that offers similar tools at a reasonable price. Using SaaS software means partnering with them so the software monitors how SaaS marketing spends affects both of the brands of the company. Employees can also use this as an opportunity to give employee feedback if the SaaS software they use has been hugely beneficial in their workflow or not, giving companies information to help them make well-informed decisions on the SaaS software they invested in for their workforce.
A huge feature in SaaS spend management software is that the entire interface is centralized as users monitor their SaaS spending on one view, as well as tracking and forecast the cost of these subscription costs. This extends to securely managing and storing SaaS contracts or licenses where the agreements of using the software as a company can be seen anytime. Another feature is that the software monitors the usefulness of the SaaS software through employee feedback.
- The centralized, one-view setting of SaaS subscription
- SaaS contract management
- Employee feedback tools
Top 10 SaaS Spend Management Software
Augmentt helps companies better understand their SaaS spending that can optimize their finances and improve their productivity as a company. Augmentt has 19 employees and earns annual revenue of $2.8 million.
2. SailPoint SaaS Management
SailPoint SaaS Management helps companies broaden their security and initiate hidden risks to avoid subscribing to redundant SaaS software that will only bring down their company. SailPoint SaaS Management has 1,551 employees and earns annual revenue of $224.9 million.
Genuity’s IT asset management software lets their company users strengthen their competition and network buying power to help them find the best effective SaaS software that is worth the money. Genuity has 206 employees and earns annual revenue of $31.9 million.
Airbase provides an all-in-one spend management software that helps companies keep track of their spending through an expense tracking software that includes tracking and monitoring subscription payments. Airbase has 89 employees and earns annual revenue of $11.6 million.
Zylo’s automated software provides companies with insights analytical platform that can empower their investment strategy in various SaaS software. Zylo has 62 employees and earns annual revenue of $8.1 million.
Torii helps companies to manage their SaaS spending in one, centralized place to optimize their productivity. Torii has 34 employees and earns annual revenue of $4.9 million.
Blissfully delivers more than a SaaS management software with their all-in-one IT platform that helps them get the most out of their investments to IT. Blissfully has 20 employees and earns annual revenue of $2.9 million.
Zluri emphasizes simplicity that helps companies to automate their IT tasks and save up on their SaaS spending. Zluri has 20 employees and earns annual revenue of $2.9 million.
Trelica helps IT companies automate their SaaS spending management from alternative recommendations to license management. Trelica has 6 employees and is currently earning more than revenue of $488,600 in 2021.
Sastrify provides an effortless SaaS spend management software that allows them to renew contracts with SaaS software developers, ask for pricing via quote management, and many more. Sastrify has 4 employees and is currently earning more than revenue of $133,000 in 2021.
How many SaaS software do companies subscribe to through SaaS spend management software?
According to Blissfully, 288 is the average number of SaaS services that a company has subscribed to. SaaS software caters to specific functions needed to operate for the company. Blissfully noted that “spending growth is outpacing the number of unique [SaaS] apps” due to companies sticking to their pre-existing SaaS software in the long run by adding new users and constantly upgrading their features.
What is the difference between SaaS spend management software and cloud cost management software?
While each software has similar features, the functionality of both software is different. SaaS spend management software focuses on monitoring and managing spendings on subscribing to SaaS software while cloud cost management software focuses on monitoring and managing costs on maintaining the infrastructure of the companies’ cloud servers.
How much does SaaS spend management software cost?
Pricing for SaaS spend management software can range from free to $1,167.18 per month or more, with custom pricing available for some software. Pricing varies depending on the features available and their intended audience. Small companies can benefit more from using a free or low-cost SaaS spend management software while larger companies can benefit more from high-cost software.
It’s always a surprise that so many companies have relied on many SaaS software as part of their operations. It’s not necessarily a waste of money as many SaaS software caters to specific operations of the company. What is a waste however is the lack of management of SaaS software which SaaS spend management software solves this issue for companies. Monitoring SaaS spending may be overwhelming, but it can provide great results and generate well-informed decisions for companies.
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