Are you tired of overspending on software that your team may not even be using? According to a recent SaaS Trends Report, the average company wastes more than $135,000 annually on unused, underused, or duplicate SaaS tools. A large portion of this waste comes from unused software licenses. Many businesses struggle with managing software expenses effectively.
What Are SaaS Management Tools?
SaaS management tools are software solutions designed to help businesses efficiently manage their ever-growing collection of Software as a Service (SaaS) applications. These tools provide a centralized platform for monitoring, optimizing, and securing your SaaS subscriptions and can potentially lead to over $135,000 in cost savings for your company.
Popular SaaS Management Tool Providers
There are many reputable SaaS management tool providers available.
- Zylo: Zylo offers a comprehensive SaaS management platform that helps organizations discover, optimize, and manage their SaaS applications. With features like spend tracking and compliance monitoring, Zylo enables businesses to make informed decisions about their software investments.
- G2 Track: G2 Track offers a user-friendly SaaS management solution that helps businesses track software expenses, identify underutilized licenses, and ensure compliance with licensing agreements. Their intuitive dashboard provides valuable insights into your SaaS landscape.
- Torii: Torii’s SaaS management tool focuses on cost optimization and vendor relationship management. It allows companies to identify unused licenses, optimize spending, and negotiate better contracts with SaaS vendors.
SAAS Management Tools/Software Costs
Investing in SaaS management tools is a cost-effective strategy to rein in your software expenses. These tools typically come with subscription-based pricing models, which vary based on the size and needs of your organization.
The cost of SaaS management tools can range from a few hundred dollars per month for smaller businesses to several thousand dollars per month for larger enterprises. Some providers may offer customized pricing based on the number of users or SaaS applications you need to manage.
While the initial cost may seem significant, it’s crucial to consider the potential savings and efficiencies gained through better SaaS management. The return on investment (ROI) in terms of reduced wastage and improved productivity often justifies the expense.
Benefits of SAAS Management Tools for Your Business
There are many benefits of SaaS management tools.
- Cost Optimization: SaaS management tools help identify and eliminate unused or underused software licenses, reducing unnecessary expenses.
- Compliance Assurance: Ensure that your company remains compliant with software licensing agreements and avoid costly penalties.
- Centralized Control: Gain a single dashboard view of all your SaaS applications, making it easier to manage and monitor their usage.
- Security Enhancement: Strengthen your cybersecurity posture by identifying potential security risks associated with SaaS applications.
- Productivity Boost: Streamline your software stack, so your employees can focus on using the right tools, enhancing overall productivity.
SaaS management tools are indispensable for modern businesses looking to optimize their software expenses and improve operational efficiency.