SaaS Spend Forecasting and Your Upcoming Budget Preparing for Optimal Financial Governance
Forecasting your department’s SaaS technology investment can be especially challenging. For one, utilizing data, regarding your current software subscriptions, is not readily available in one centralized location. Secondly, SaaS subscriptions purchased outside of IT are nearly impossible to track effectively. With SaaSLicense, a central point of reference is provided for Finance to gain control of SaaS applications, and to analyze current and future costs.
The Necessity of Financial Teams to Automate their SaaS Budget is Critical
Finance and Procurement teams don’t spend a lot of time personally evaluating, purchasing and analyzing software outside of major financial systems. However, software itself has undergone radical changes with the introduction of the software as a service (SaaS) model. It is critical to migrate away from the spreadsheet and leverage an understanding of this new centralized model for the success of any Finance department. A tool like SaaSLicense can help assist with:
Predictive Analytics – What if? and Attrition Reporting allows for unique insight into predictive spend modeling and SaaS forecasting.
Reducing SaaS Spend by procuring and renewing only the applications that give you maximum benefit and a return on investment.