New capabilities allow Cleanshelf customers to share SaaS costs between departments, recycle SaaS licenses, and estimate future SaaS spend.
Cleanshelf Inc., a leading SaaS spending control and optimization platform, announced the launch of functionality designed to help organizations better track, optimize and benchmark SaaS spend across departments. The platform, which creates immediate ROI improvement for customers deploying SaaS applications, now supports splitting subscriptions costs for SaaS apps by department and is based on actual employee usage data. The insights, which are automatically pulled from over 800 SaaS industry vendors using Cleanshelf’s proprietary connectors and integrations, means customers can reuse or reassign licenses between departments without managing expense or budget assignment. The platform automatically organizes spend by cost center and helps both department level and organization-wide budgeting.
Read More: IRI Announces Enhancements to IRI Verified Audiences
With SaaS spend eclipsing $10,000 annually per employee, companies need a solution to rein in out-of-control spending and to address the 30%-40% waste stemming from poor vendor management and account rationalization practices. Optimizing cross-department SaaS spend is key to efficiently managing subscription SaaS applications, particularly in larger organizations. This enhanced level of spend detail means finance and technology leaders can effortlessly track usage and spend patterns at the individual department level while letting department heads use the detail to better manage technology spend and budget forecasts.
Enabling the departmental insight is the platform’s ability to track usage of subscription apps by the individual employee. Not only does this support spending control and optimization at the individual level (by clearly identifying unused or underused licenses), but also produce findings on a department level and delivers rolled up company insights. The functionality is fully automated and requires no manual input from customers. Cleanshelf’s platform simply leverages existing SaaS vendor integrations, while securely pulling employee and department information from standard HRIS and ERP systems like NetSuite or Zenefits.
Read More: Oath Debuts Extended Reality (XR) Ad Experiences at Cannes Lions
“When discussing the next frontier of SaaS spending control and optimization with customers like ServiceRocket, Dynamic Signal, Drawbridge and Revinate, the need for cross-department support always surfaced. If SaaS applications are introduced bottom-up at the department level, the economy of scale is rarely realized. If introduced top-down, adoption levels are uneven between departments, reducing collaboration and delivering low ROI,” said Mateja Rajter, VP of Product at Cleanshelf.
Mateja added, “We’re excited to offer a solution to bridge the best of both approaches to SaaS procurement and help our customers get the most technology bang for their subscription buck.”
“Using cutting-edge software technology is the key competitive advantage of fast-growing companies and the finance function is nowadays heavily involved in technology decisions,” said Matt Armstrong who heads finance at Revinate, a hospitality technology provider from San Francisco.
Matt added, “We plan to use the new cross-department support in Cleanshelf to help department owners fully embrace modern technology stacks while giving finance full visibility on department attribution for shared SaaS vendors.”
Read More: Yext Survey Reveals Growing Rise of Use Voice Search for Insurance Sales