Table of Contents Takeaway #1 – Defining SAM Tool Requirements is...
The Real Work Begins Once you Know your SaaS Application Spend
Using a SaaS Optimization Platform allows you to discover all of your SaaS and cloud applications, associate spend with each application and assign department, function and sub-function tags to have a single source of truth and easy to use system of record.
Now that you have SaaS application spend information, what do you do with this information? Zylo customers start with three main areas of focus in their SaaS spend optimization strategy to make an immediate impact:
Measure the Value Each Application Provides Your Organization
By analyzing the number of licenses purchased versus provisioned and the number of active licenses in use versus provisioned, it is easy to identify what applications need your attention. Confirming each application is serving the desired purpose when it was purchased and whether or not employees using the application find it useful, adds more information to make the best decisions around your SaaS Application Management strategy.
Use a Proactive Renewal Management Calendar
Once an organization knows what SaaS and cloud applications are in use, populating a renewal calendar with contract information is an easy way to create a manageable renewal process for hundreds of SaaS contracts that were previously floating around various shared drives, email inboxes and desktops. Avoiding any auto-renewals or surprise expenses is a huge value and it’s now possible to forecast SaaS application spend over a planning period.
Optimize for Redundant Applications or Functionality
Once there is a single view across the enterprise of all SaaS and cloud applications, it is easy to identify what applications are being purchased in more than one area of the business and what applications have overlapping functionality with other applications. Now an enterprise can evaluate all of the applications and help select the best one for the entire organization, negotiate the best contract for the larger group and save administrative, support and training burden by having “preferred applications” for all employees to use. Making an immediate impact by saving money on SaaS applications not in use and increasing employee productivity is success.
SaaS Spend Optimization is about More than Cutting Costs
IT and Procurement have always had a role in identifying areas to cut costs, and SaaS applications can be a quick win there, but they are also in charge of driving value back into the business and being a strategic partner. Implementing a SaaS optimization strategy enables IT and Procurement to do just that, provide value. Creating a strategy for the enterprise around one of the fastest growing spend categories, that ultimately drives employee engagement and employee productivity, while being the conduit for various business units to collaborate, is a massive contribution to the enterprise.
Table of Contents Avoid the Auto-Renewal Trap Leverage Your Usage DataBenchmark Your...
Table of Contents Episode SummaryGuest SpotlightEpisode HighlightsProcurement is the Glue of...