SaaS management platforms can be a valuable tool for companies using SaaS applications in their operations.
The use and demand for SaaS is growing rapidly due to its scalability, cost-effectiveness and ease of use.
Therefore, more and more companies are adopting SaaS applications.
However, managing several SaaS applications can be difficult.
You can use SaaS apps for SaaS marketing, customer and sales management and many other areas to make your life easier. But it can have a negative impact on your finances and productivity if not managed properly.
In many cases, companies forget to renew and the license expires. You may also use redundant applications that offer similar functionality, or you may forget about some applications that may remain unused, but you still pay for them.
This is an unnecessary investment and risky, as cybercriminals can exploit such applications.
Therefore, a SaaS management platform makes sense for companies dealing with multiple SaaS applications.
In this article, I will discuss what SaaS management platforms are and the best ones you can use for your business.
What are SaaS purchasing and management platforms?
SaaS purchasing and management platforms are software solutions that allow you to purchase SaaS applications carefully and manage them effectively. You can use such a platform to make the best purchasing decisions and assign the right solution to the right people and teams.
A SaaS management platform can help you visualize all the SaaS applications in your tech stack and understand who is using them. It also helps you discover redundant applications with similar functions and those you no longer use.
In this way, you can reject such apps and save on expenses. In addition, you can reduce the risks associated with such apps, since criminals can crack them. You can also use information from the platform to see upcoming renewal dates, renew applications on time and easily acquire new ones by visualizing everything on a single dashboard.
The capabilities of the SaaS management platform help you significantly save and optimize your SaaS investments.
So if you want to take advantage of these benefits, here are the best SaaS management platforms you can consider.
Zylo
Save up to 20% on SaaS spending with zero risk with the powerful enterprise-grade SaaS management platform, Zylo, which also comes with SaaS negotiator services. It will help you grow your business by managing SaaS spending and related challenges.
Zylo is a data-driven platform that combines cutting-edge technology, unparalleled expertise and benchmark testing to give you the most value from your SaaS investment. It offers an AI-based Discovery engine that can process more than $21 billion in SaaS spend, while providing actionable insights to quickly optimize your portfolio.
What’s more, Zylo allows you to discover all SaaS applications, spending and usage through seamless, continuous monitoring. It will also help you make your purchases more efficient, reduce spending and use data-driven analytics to avoid apps with similar functionality.
Receive renewal notifications and control them, increasing employee comfort and productivity by equipping them with the tools they need. In addition, Zylo will help ensure SaaS compliance.
Zluri
If you want to optimize SaaS savings, efficiency and visibility, Zluri is a good option. It offers a clear dashboard for everything from discovery and management to automating tasks and purchases.
You can reduce SaaS spending by a third, find underutilized and unused applications, consolidate them with similar features and renew licenses through usage analytics. In addition, automate SaaS orders, upcoming renewals, and onboarding and offboarding with just a few clicks.
Zluri provides better visibility into all your SaaS applications, so you can detect and remove unapproved and unsecured applications and stay compliant. Another exciting thing about Zluri is that it comes with an ROI calculator, so you can calculate ROI and see how much you can save on your SaaS investments.
Sastrify
Take a cheap ride with Sastrify and let it help you identify and negotiate the best SaaS license deals on the market. While Sasttrify manages your SaaS licenses, you can let your employees focus on other core tasks.
With this solution, you don’t have to think about investing more time in onboarding; instead, let Sastrify do it for you. This saves not only time, but also effort.
In addition, Sastrify can monitor your SaaS usage to enable quick adaptations when you need them. It sends negotiation suggestions, alerts you to renewals, and offers risk management and successful implementation.
Sastrify can work for you like an external team with the right skills to handle your SaaS spending. This way, you don’t have to worry about scaling your internal team just to manage SaaS deployments, which can be a costly and lengthy process.
Procurify
Say hello to Procurify and forget about manual ways to manage SaaS spend. It gives you the power of automation to effectively control SaaS spending. It can be a great choice for all companies, especially mission-critical organizations.
This platform will take you away from paper processes, complex solutions and slow approvals; instead, you will enjoy proactive SaaS expense management. Plus, get a centralized place to create purchase approvals and customize them. You’ll also get quick insights into your budgets versus actual expenses.
Make expense management an easy task for your team with virtual and physical expense cards. Procurify, as the name implies, will provide a smooth purchasing process and help you save a significant amount of time. You can also use detailed supplier or catalog information to make smarter purchasing and business decisions.
Procurify comes with a mobile app so you can easily and quickly submit requests and approve items anywhere, anytime. It can also integrate with your tools such as Slack, Quickbooks, Oracle Netsuite and others to make your life easier. Plus, manage efficiently with digital audits, comprehensive expense flows and reliable controls.
Productiv
Optimize your SaaS spending with real-time insights and valuable features, thanks to: Productiv, a SaaS management solution that leverages SaaS intelligence. It has helped high-impact teams such as Uber, Equinix, Databricks, etc., save up to 35% on SaaS spending and deliver a superior employee experience.
Business leaders from Procurifyment, IT and other lines are paying attention to Productiv because of its easy-to-use platform, simple offerings and advanced features.
Gain better insights across the entire SaaS ecosystem to detect sanctioned applications, optimize spending and track application engagement with intelligent analytics.
Automate employee lifecycles and license management to accelerate operations and reduce IT costs. Provide a personalized and seamless application fulfillment process to increase engagement and adoption while saving IT time.
You’ll gain proactive data-driven management, responsiveness and employee engagement with SaaS intelligence. It will also help you improve compliance and decision-making with predictive benchmarking and analytics.
Vendr
Rent Vendr buy and renew SaaS applications to get the best price without the hassle of negotiation. This is an excellent SaaS provisioning service to reduce expenses and save money.
Vendr provides data-driven analytics based on thousands of transactions to get better price transparency and close deals faster. Forget about internal complications during Procurifyment; Vendr will help you move quickly from evaluation to purchase with 100% compliance.
Getting started is easy; let Vendr analyze your SaaS stack by providing them with a SaaS spreadsheet. Once they have the correct data, they will determine ways to save money, make purchases and renew licenses. Managers, teams and department heads can use the dashboard to request new tools.
Vendr automates approvals, whether needed from legal, financial or security stakeholders. Once the best price is determined, it will close the deal, identify savings and prepare for the next renewal.
Tropic
Empower your Procurifyment team and improve your efforts with Turning Point. Make it easy for you to manage hundreds of software vendors with purchasing support to efficiently process each contract.
Tropic is able to finalize hundreds of business transactions every month. It helps you create playbooks, insights and benchmark tests to improve your sourcing strategies. Delight contract stakeholders with a variety of easy-to-use tools to manage process compliance. Procurifyment teams can use this platform to easily manage purchases and renewals.
Quickly discover new suppliers, optimize your SaaS stack and standardize your Procurifyment process with Tropic. Its contract management is valuable for organizing contracts, capturing critical data and keeping any renewal from expiring.
With assisted purchasing, you get a one-stop software Procurifyment solution from Tropic’s experts. You can monitor SaaS usage and decide where to increase or decrease it.
Torii
Use Torii to get broader spending visibility and optimization to increase SaaS ROI. This advanced discovery platform can help you understand your SaaS usage, make changes and increase employee productivity.
Torii provides complete insight into SaaS spending, contract data and ERP at a glance. It also uses SaaS intelligence to help you cut through the noise and visualize all software in use, overlapping or wasted.
Without leaving this platform, it will allow you to make quick business decisions about any software, user or license. You can combine different resources, such as ERP, with Torii and find your SaaS expenses in your portfolio.
Combine user adoption statistics with license costs to optimize ROI and SaaS impact. With native HRIS integrations, you can flexibly map and analyze SaaS spending by application owner, business unit, software category, etc. to make better decisions faster.
In addition, advanced workflows will allow you to quickly recover a wasted license, as well as automate the recovery of custom licenses. Torii will also help you find, manage, track or split licenses by stage
Precoro
Eliminate manual work, streamline purchasing processes, reduce expenses and focus on increasing ROI with Precoro. Its users are spread across 67 countries, including big names like Canva, Tala and more.
With Precoro, you don’t have to think about approval delays, manual reporting and Excel-based management. Instead, Precoro quickly creates purchase orders and automatically transfers them to suppliers. It offers instant purchase requests, clear status indications and an unlimited catalog of services and products.
Precoro enables up to 90% faster approvals with faster delivery and flexible workflows. Includes workflows for custom fields, departments and locations, mobile-friendly approvals, and approval rules and thresholds.
You’ll also get reports to deliver information faster so you can make optimal operational and financial decisions. It includes real-time insights, more than 20 filters to help you discover what you need, and more than 120 customizable fields for custom reports.
LeanIX
LeanIX is a powerful SaaS management platform that optimizes SaaS productivity and costs. It enables the integration of leading financial, single sign-on and contract management solutions to continuously and rapidly discover applications and provide greater insight into the SaaS ecosystem.
This fully automated platform offers features such as renewal visualizations, identification of duplicate licenses, redundant contracts and purchased SaaS applications, and manages everything in one place.
All these insights will help you optimize SaaS costs and save more. The platform also enables you to increase accountability among team members and assign ownership, which will help you better understand SaaS expenses and avoid waste. You can also negotiate contracts with benchmark tests of software vendor prices.
Use the platform’s renewal calendar and monthly reports to plan and stay within budget. You can even track usage and improve SaaS deployment with greater visibility. You can also use statistics to ensure best utilization by assigning members the right licenses.
Track your software solutions in your SaaS stack and stay compliant with SOC2, RODO and other regulatory bodies. Information from the software will also help prevent security threats, eliminate unauthorized access and secure access to data.
You can also discover SaaS providers that comply with your policies and make the right decisions. Integrate LeanIX with other systems such as Slack, Salesforce, ADP, SAP, Okta and others.
Cledara
Use Cledara to have better visibility and control over your SaaS subscriptions. It offers a single place to view and manage your entire subscriptions. You can also foster collaboration by easily sharing software across your team and avoiding paying for unused or duplicate services.
Cledara will help you effortlessly manage your services, off-board and on-board, and request new ones. Track your team and equip them with the right software licenses and required approvals, while controlling everything with an easy provisioning process.
Visualize your users and subscriptions with real-time reports. You can use practical information to find project budgets and savings.
Also, evaluate renewals on time and forecast payments based on upcoming fees and renewal dates in one place.
Snow Software
Discover, control and optimize your SaaS ecosystem with Snow Software. It offers detailed insights into SaaS usage that you can use as inputs to avoid waste, reduce vendor sprawl, negotiate renewals and eliminate unnecessary and risky applications.
This platform provides SAM professionals with better insight into unsanctioned, sanctioned, licensed and free SaaS applications along with infrastructure and on-premises applications in a single solution. All this information will help you effectively optimize SaaS spending and control operations.
Snow agents installed on your browser-enhanced systems can capture the usage of more than 8,000 applications identified through their Data Intelligence Service.
It will also allow you to aggregate data for several applications using SaaS API connectors, while providing another API connector for non-standard applications. You can integrate it with other tools and do everything without switching tabs.
Application
A SaaS management platform will help you save significantly on SaaS expenses by allowing you to visualize and manage all your SaaS applications, their allocation and usage. So use any of the above SaaS management platforms you prefer and save your hard-earned money.
