WebCatalog

SaaS spend management software helps organizations manage and control their Software as a Service (SaaS) expenditures. These tools provide centralized visibility into SaaS subscriptions, tracking their usage and enabling users to compare utilization with associated costs. This allows businesses to identify areas of unnecessary spending. For instance, if an application is seldom used or receives consistently negative feedback from users, administrators are alerted and may choose to discontinue the subscription upon renewal. Additionally, these tools help companies spot redundant subscriptions, ensuring that multiple similar tools aren't being purchased unnecessarily. While there is some overlap with cloud cost management software, the key distinction is that cloud cost management tools focus on monitoring and optimizing spending related to cloud infrastructure usage, rather than SaaS applications.