SaaS Spend Forecasting and Your Upcoming Budget Preparing for Optimal Financial Governance
Forecasting your department’s SaaS technology investment is especially challenging. For one, utilization data on 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 we provide a central point of reference 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. But 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 Finance department success. 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/renewing only the applications that give you maximum benefit and return on investment.