SaaS Spend Management Software
Unlock savings and insights by tracking your software subscriptions in a comprehensive SaaS management platform.
Key Features
SaaS Spend Optimization
Eliminate unnecessary costs, duplicate software licenses, shadow applications, and more with information from our access dashboard and vendor insights report.
Software Catalog
Contain software sprawl by providing employees with a centralized and convenient catalog to request access to approved software.
Automated Onboarding & Offboarding
Efficiently automate provisioning and deprovisioning of licenses when onboarding and offboarding employees for more streamlined user management.
What Is a SaaS Spend Management Platform?
A SaaS management platform (SMP), like StackShine powered by LeaseQuery, enables organizations to discover, manage, automate, and optimize their SaaS applications in a central administration console.
These SaaS spend management tools provide full visibility into software costs and usage at an organization and are critical to SaaS spend optimization.
An SMP complements software asset management software, but only SaaS management software aggregates access, usage, and administrative information, like financial, contract, and governance data, into a single dashboard.
How Do SaaS Management Tools Help?
- Which SaaS applications are being used
- How and to what extent they are being used
- Who has access to them
StackShine is a SaaS spend management platform that automatically detects your organization’s software applications, eliminating shadow IT and mitigating software sprawl. With direct integrations, browser extensions, and plug-ins, StackShine works with the tools you already have to provide full visibility into your software usage and help you manage your software portfolio.
SaaS Spend Management: Why Now?
For many organizations, SaaS, or software as a service, is one of the top three expenses on their income statement and includes over 125 different applications on average. On a per-employee basis, SaaS costs slightly more than $1000 per employee annually and is growing at a rate of 15-20% per year according to Gartner.
Don’t think you’re one of those organizations? You may be surprised. Because software subscriptions are so prevalent and affordable at the individual level, they’re often purchased on an employee p-card to solve an individual or functional team problem. In fact, Gartner posits that the average IT team is only aware of one-third of the SaaS applications in use at their organization. All those unknown apps are considered shadow IT and are attached to shadow contracts and shadow spend.
While these purchases are usually made with good intent and are not financially material on their own, they add up – to big dollars and potentially big headaches in aggregate. Software that has not been approved by IT may come with security risks. Software licenses purchased without the finance or IT team’s knowledge may become zombie subscriptions the organization pays for but no one uses because no one remembers they have them. Purchasing software outside the normal procurement process may also lead to duplicate or redundant subscriptions across teams resulting in less favorable pricing because there was no central negotiator and no bulk discounts.
These issues have led many organizations to seek out SaaS subscription management software, like StackShine, to get better visibility and control over their software tech stack. These SaaS management platforms help companies discover, track, and optimize their software to mitigate risk, unlock savings, and improve efficiency.
Book an intro call to learn more about how StackShine can help simplify SaaS spend management for your organization.
StackShine SaaS Management Software Features
Software Catalog
A centralized and convenient way for employees to request software access enables license management.
Automated Alerts
Get notified of new subscriptions, upcoming renewals, unusual charges, and more for proactive SaaS spend optimization.
Powerful Reporting
View spending, usage, activity, and licenses at aggregate and department levels to effectively manage software subscriptions.
Security Monitoring
Receive security alerts if any software you depend on has been breached.
Employee Offboarding
Automatically remove employees from integrated software for easy SaaS administration and see exactly where to remove loose-end access.
Simple Collaboration
Invite workspace administrators to collectively manage vendors, uncover expenses, track licenses, and a lot more in one SaaS management platform.
Subscription Calendar
See the timing of past and future software expenses for simple budgeting and efficient cash flow forecasting.
App Discovery
StackShine automatically detects your organization’s software applications, eliminating shadow IT and mitigating software sprawl.
File Management
Create a repository for all the contracts, invoices, and files you need when reviewing a vendor in a centralized SaaS management tool.
StackShine Sets the Standards for SaaS Spend Management
Tracking and optimizing all software licenses and subscriptions
Automating tedious IT tasks such as license deprovisioning
Unlocking savings with our advanced spending insights
Learn How School of Motion Saved Thousands on Day One with StackShine
