Key features typically include:
- Discovery and Visibility: Automatically identifies all SaaS applications in use, along with associated contracts, costs, and users.
- Usage Monitoring: Tracks how frequently each application is used to highlight underutilized or redundant subscriptions.
- Cost Analysis and Allocation: Provides detailed insights into spending patterns, helping teams allocate budgets more effectively and identify cost-saving opportunities.
- Contract and Subscription Management: Manages contract terms, renewal dates, and license counts to prevent unexpected charges and optimize procurement.
- Compliance and Security: Ensures that SaaS usage aligns with company policies and industry regulations, reducing risk.
- Automation and Alerts: Offers automated alerts for new purchases, upcoming renewals, or unusual spending patterns, enabling timely interventions.
- Customizable Dashboards: Delivers real-time analytics and AI-driven insights for informed decision-making.
By consolidating and analyzing SaaS spend data, these platforms help organizations reduce unnecessary expenses, improve financial transparency, and align SaaS investments with business objectives