SaaS Spend Management

SaaS spend management refers to the process of tracking, optimizing, and controlling an organization's expenditure on software-as-a-service applications. As businesses increasingly rely on multiple SaaS solutions, managing these subscriptions and their associated costs has become a critical aspect of IT and financial management.

Effective SaaS spend management involves activities such as maintaining an inventory of all SaaS subscriptions, monitoring usage and adoption rates, identifying redundant or underutilized applications, negotiating contracts, and implementing governance policies. Tools and platforms dedicated to SaaS spend management can help organizations gain visibility into their SaaS ecosystem, reduce unnecessary expenses, and ensure compliance with licensing agreements.