The prevalence of the Software-as-a-Service (SaaS) delivery model has grown steadily for most companies in recent years, increasing the effort and knowledge procurement needs to have in order to manage the spend and providers associated with this category.
Because of the challenge - and therefore the opportunity for leverage and efficiency - specialized platforms specialize in providing procurement with the information they need to effectively manage SaaS spend. Tracking factors such as current contracts or subscriptions per business need, number of seat licenses (total and available), and license utilization in one centralized location makes it possible for procurement to manage provider relationships, prepare for renegotiation, and ensure that the business’s SaaS needs are met without unnecessary duplication.
