Best SaaS Spend Management Software
SaaS Spend Management Software manages and monitors Software-as-a-Service procurement, subscriptions, licenses, usage, and costs. Its discovery and monitoring features enable SaaS visibility across an organization, providing information on the utilization and cost-effectiveness of those services. It identifies SaaS redundancies, along with unused and underutilized SaaS tools. These features contribute to effective decision-making regarding the ongoing use of a company’s SaaS tools. SaaS Spend Management software centralizes and consolidates the procurement and payment of SaaS subscriptions...
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Freshservice is a cloud-based service desk and IT service management (ITSM) solution that currently serves more than 10,000 SMB, mid-market, and enterprise customers worldwide.
Tropic is a procurement intelligence platform that automatically finds ways to reduce and control costs. By combining procurement workflows, supplier management, and benchmark pricing data together in one place, Tropic brings visibility, control, and leverage to company spend.
Presented as a Klarna for SaaS subscriptions, Lemon is a solution to keep track of SaaS subscriptions across a small or medium-sized business, available on a free plan.
NachoNacho enables businesses to manage, discover & get discounts on SaaS per month, and save time searching for SaaS.
1) Manage existing SaaS sprawl by creating a separate virtual credit card for each vendor, and setting $ and d…
Vendr, headquartered in Boston, presents users of its services with expert buyers who work as an extension of finance teams to identify material cost savings for all of a company’s net-new software purchases and renewals.
CloudEagle.ai helps IT, security and Procurement teams manage, govern and renew their SaaS apps.
Using 500+ direct connectors, CloudEagle provides visibility into applications, licences, spend and vendors. Using no code slack-enabled workflows, IT and security teams can streamline employee onboarding and offboarding, access review…
Vertice is a tech-enabled SaaS purchasing platform that provides guaranteed savings to customers. It offers business leaders an overview of the tools they currently have in their stack, what the terms are, and when they are up for renewal. The platform also assists in usage and analytics,…
Blissfully is a complete SaaS management platform. It aims to give companies the visibility and tools needed to manage vendors, simplify IT operations, maintain compliance, and optimize spending.
VendorSage centralizes an organization's SaaS stack in one place to make buying, managing and adopting software simpler. The SaaS management and SaaS procurement platform and services help Finance and IT teams get better visibility and save on their SaaS spend.
VendorSage continuously looks for ways to optimise the user's SaaS spend, whether its negotiating the best rates or identifying duplicate functionality in the company's stack. Beyond spend, VendorSage helps organizations to gain true visibility and control of their stack, eliminating shadow IT, improving security & compliance, tracking usage, and streamling…
Cloud-based solution that helps businesses discover, manage, and optimize SaaS applications on a centralized dashboard.
Spendflo is a SaaS buying and optimization platform that drives collaborative buying, contextual automation and ROI for its users with benchmark data. Spendflo buys, renews and manages SaaS for customers to drive savings in both time and effort.
LicenceOne was founded in 2020 to make managing software subscriptions simple for SMEs. The vendor states that they have analyzed over 80M€ in software spend for over 500 companies across 41 countries, saving them between 15-30% on their subscriptions' budget. Access to the LicenceOne…
FinQuery Software Management (formerly StackShine) is software asset management that unites IT and finance by providing a SAM solution without unneeded ITSM costs. FinQuery automatically detects software applications and replaces manual processes with a centralized dashboard that…
Hudled, headquartered in Sydney, provides a a full run-down of SaaS costs, spend, and subscriptions. This report is usedto find duplicate saas tools and optimization strategies to save money. Hudled's "SaaS Intelligence" aims to save companies on SaaS spend. Hudled offers a perpetually…
Quolum is a "SaaS card" used to make SaaS purchases and backed by software that manages recurring expenses, disables product trials, and controls spending, from the company of the same name headquartered in Dublin, California.
Zluri is a data-driven enterprise SaaS management platform that facilitates discovery, management, optimization, and compliance of an organization's SaaS stack. The vendor states:
- Zluri can discover the entirety of a firm's SaaS ecosystem within five minutes of onboarding
- Zluri helps organizations eliminate SaaS wastage by removing duplicate apps, finding unused & underused apps, and consolidate apps with overlapping functions…
Ivanti Neurons for Spend Intelligence provides insights into application spend for on-premises, cloud, and edge environments. It provides analysis in dashboards of licenses, purchases, and instances so users can track purchase history, upcoming license renewals, contract expirations,…
Trelica's SaaS management platform empowers IT teams to partner with users and shape those decisions. Users can keep license information in a single system of record that's shared with the line-of-business users responsible for apps, and pro-actively manage SaaS renewals with consolidated…
SpendHound is a SaaS spend management solution offering a no cost software audit. Through a combination of software and human analysis, SpendHound offers personalized advice on how to cut wasted software spend.
Productiv SaaS Intelligence Platform is a SaaS spend and analytics management platform from the company of the same name in Palo Alto. The solution allows users to visualize all applications and intelligently allocate licenses, evaluate and rationalize spend, and gain SaaS engagement…
Spendview provides visibility and clarity into Snowflake consumption across the enterprise. It can zoom into compute, storage, and usage spend to reduce inefficiencies and optimize costs.
SELECT is a Snowflake cost and performance management solution committed to providing the most seamless experience for optimizing a Snowflake data warehouse. SELECT is a SaaS product that helps Snowflake customers lower their costs, save time, and optimize performance. SELECT…
Learn More About SaaS Spend Management Software
What is SaaS Spend Management Software?
SaaS Spend Management Software manages and monitors Software-as-a-Service procurement, subscriptions, licenses, usage, and costs. Its discovery and monitoring features enable SaaS visibility across an organization, providing information on the utilization and cost-effectiveness of those services. It identifies SaaS redundancies, along with unused and underutilized SaaS tools. These features contribute to effective decision-making regarding the ongoing use of a company’s SaaS tools.
SaaS Spend Management software centralizes and consolidates the procurement and payment of SaaS subscriptions and licenses. The information and analytics it provides enhance vendor management and bolster vendor negotiations, helping an organization obtain the best deals for their required services. The software is used by IT, procurement, and finance departments.
SaaS Spend Management Software overlaps with SaaS Management Platforms, which focus on SaaS operations, generally have more limited spend management features, and usually do not include procurement features. SaaS Spend Management differs from Cloud Cost Management Software which focuses on Cloud infrastructure costs as opposed to cloud-based SaaS spending.
SaaS Spend Management Software Features
SaaS Spend Management Software includes many of the following features.
- Discovery
- Usage monitoring, and user sentiment
- Identification of redundant, unused, and underutilized tools
- Cost tracking by license, subscription, and features
- Spend, budget analysis, and forecasting
- Historical trends
- Procurement
- Subscription management
- License management
- Contract management
- Vendor management
- Purchase requisition, renewals, payment automation, and workflows
- SaaS database including vendor, contact information, tool, type of license or subscription, price, effective date, renewal date, contract and renewal terms, service level agreement, and user list.
- Central control and administration
- Dashboards, alerts, and reporting
- Cloud-based
SaaS Spend Management Software Comparison
Consider the following when purchasing SaaS Spend Management Software solutions.
Scope: Depending on the SaaS Spend Management Software features desired, some spend management functionality can be found in broader SaaS Management Suites which include SaaS operations features.
Discovery: Some vendor products emphasize their robust SaaS discovery engine capabilities. This feature takes on increasing value for large companies that have deployed many SaaS tools across their organization.
Buyer Support: Some products will provide expert advice and negotiation assistance during the procurement process. This service may be valuable for some companies that are both looking to buy new or different SaaS products and do not feel comfortable doing so themselves.
Pricing
Obtaining a custom price quote is required by most vendors. Pricing is driven by the features provided and the amount of SaaS annual spending that will be managed or by the number of users supported. Limited free versions and free trials are available.
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Frequently Asked Questions
What does SaaS Spend Management Software do?
What are the benefits of using SaaS Spend Management Software?
What are the best SaaS Spend Management Software products?
Some of the top-rated SaaS Spend Management Products are: