Quolum’s New integration with Brex Tackles the Menace of Overspending in SaaS
Quolum, a Software as a Service (SaaS) Management provider, today announced a new integration with Brex, the leading spend platform, to tackle the menace of overspending in SaaS.
SaaS has become the number two indirect spend for high-growth companies. Gartner research warns, “Through 2027, organizations that fail to attain centralized visibility and coordinate SaaS life cycles will overspend on SaaS by at least 25% due to incorrect and unnecessary entitlements and not rationalizing overlapping tools and instances.” The accelerated adoption of SaaS has made companies inefficient from the accumulation of unused software products, overbought licenses, underused features, and duplicate products, escalating both security and financial risk.
“At a time of economic uncertainty, organizations can curb hidden SaaS expenses using Quolum’s latest integration with Brex. Our projections indicate that Brex customers can right-size up to $1.2 Billion of SaaS Spend over the next two years.” –Indus Khaitan, CEO and Founder of Quolum”
This integration provides Brex’s robust ecosystem of 50,000 customers with the ability to curtail SaaS sprawl by:
- Analyzing Spend, Usage, Invoices, Contracts, and Applications – Streamline processes and scrutinize SaaS usage with a single click to organize, manage, and forecast spending across departments and applications.
- Reducing Spend on Unused SaaS Apps – Take control of costs by consolidating apps and eradicating unnecessary ones by scaling down contracts and revoking unused licenses.
- Increasing IT and Finance Policy Compliance – Identify non-compliant SaaS apps with information security controls, such as SOC2, and halt payments to unapproved apps.
“For all the promise and opportunity that cloud applications offer, they also present new and growing challenges for budgets, security, and overall efficiency,” said Indus Khaitan, CEO and Founder of Quolum. “At a time of economic uncertainty, organizations can curb hidden SaaS expenses using Quolum’s latest integration with Brex. Our projections indicate that Brex customers can right-size up to $1.2 Billion of SaaS Spend over the next two years.”
Quolum has commenced onboarding customers utilizing this feature, enabling companies to effectively address the significant recurring cash outflows in credit card statements. The Brex integration isolates SaaS purchases, allowing organizations to regain control over their SaaS expenses within minutes.