Apptio Expands Cloud Financial Management Product Suite with Cloudability SaaS and Cloudability Shift
New Cloudability Solutions Provide Full Control Over SaaS Optimization and Cloud Migration Planning
Apptio, Inc., the leading provider of technology business management (TBM) solutions that help organizations analyze, plan, and optimize technology spend, announced two new products: Cloudability SaaS and Cloudability Shift. These new offerings join Apptio’s leading cloud financial management product, Cloudability, to expand the company’s toolset in the rapidly growing public cloud market.
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Cloudability SaaS allows technology and finance leaders to discover, manage, and optimize spending on software-as-a-service (SaaS) applications throughout their organization. Cloudability Shift allows users to analyze, plan, and track their migration from on-premises data centers to the cloud through analysis of current infrastructure, committed costs, and application needs.
“The addition of Cloudability SaaS and Cloudability Shift to our suite of technology financial management offerings ensures that our customers are able to analyze, optimize, and plan investments across the entirety of their technology portfolio, regardless of service type (e.g., infrastructure, platform, or software), provider, delivery model, or deployment destination (e.g., public cloud, private cloud, or on-premises),”said Scott Chancellor, chief product and technology officer at Apptio.
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Cloudability SaaS
SaaS adoption is rapidly growing, with many global service decision-makers reporting that they invest or plan to invest in SaaS as part of their organization’s digital transformation strategy, according to Forrester. As a result, SaaS consumption continues to rise significantly for enterprises of various sizes, totaling a global market of $500 billion.
As SaaS deployment continues to grow, one of the challenges many organizations are facing is the lack of central accountability over SaaS licenses, which means that these enterprises may have multiple contracts for the same product or several products that are underutilized, negating the cost benefits of SaaS. With the number of SaaS solutions in the enterprise in the hundreds, this is a concern for those that want to centrally manage, report, and optimize current SaaS applications while also discovering new SaaS applications that their organization may be using.
Cloudability SaaS is designed to discover and report on all SaaS applications, analyze license utilization and spend by application, and rightsize SaaS portfolios to meet changing business needs and avoid potential compliance issues. With this product, organizations can reallocate licenses based on usage, eliminate duplicative applications, and forecast future costs through what-if analysis.
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