Explore top-performing SaaS license management tools for optimizing IT operations. Attain usage visibility and ensure compliance effortlessly.
The average high-growth organization often uses 250+ SaaS tools, and therefore, businesses face mounting licensing, compliance and security challenges. They need a bird's eye view of the entire SaaS portfolio to ensure that the appropriate controls and policies are in place.
Gartner says that 25% of the annual SaaS spend is “underutilized or over deployed.” A SaaS license management tool can address this issue by providing end-to-end visibility, granular monitoring and expense forecasts. By implementing a SaaS license management tool, businesses streamline operations and reduce the burden of tracking and consolidating data for IT, finance and procurement teams.
In this article, we’ll take a look at the best SaaS license management tools with each product's features and pricing. You can compare them to see which ones suit your business needs and budgets.
This checklist will help you evaluate and compare different SaaS management tools.
1. User interface:
3. Tracking expenses:
4. Managing subscriptions:
5. Reporting and analytics:
Managing SaaS licenses can be complicated and time-consuming, but with these top 9 SaaS license management tools, businesses can optimize their SaaS spend and avoid compliance risks.
Spendflo’s all-in-one SaaS buying and management platform centralizes purchase requests, approvals and contracts. With detailed reporting capabilities, you can track how much money is spent on licenses and where it is allocated. It also allows users to track usage and monitor costs in real-time.
In addition, Spendflo helps save upto 30% of your SaaS stack. A team of expert buyers negotiate the right price for the desired SaaS tool using proven negotiation tactics and playbooks. Spendflo also uses benchmark data and insights from the industry to inform its contract negotiations.
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AssetSonar is a cloud-based asset management platform that helps businesses of all sizes to organize, track and report all kinds of technology assets, including SaaS. AssetSonar also provides tools for tracking the life cycle of equipment and managing checkout needs.
Zluri is a comprehensive SaaS management platform that helps discover and manage multiple SaaS applications. It eliminates shadow IT, discards unused/underused apps and ensures security and compliance. Zluri also provides a single dashboard to optimize, secure and automate SaaS applications.
Zylo is a SaaS license management software. Its automation features help companies identify and reclaim underutilized licenses, leading to cost savings and enhanced efficiency.
Vendr is a SaaS license management software. Its centralization feature keeps all your essential information about people, apps and spending in one place. This ensures that you remain updated and synchronized without juggling multiple scattered resources.
Torii is a cloud-based SaaS license management platform that offers a centralized platform for businesses to track spending across multiple platforms. It has an extensive discovery feature that ensures the most accurate and up-to-date view of a company's SaaS stack and software licenses.
Snow License Manager is a software asset management (SAM) tool that provides organizations with a unified view of installed software, SaaS and cloud resources. It helps to reduce the risk, cost and complexity associated with software assets and licensing by automating processes with a built-in SKU repository. It also offers reporting features to provide insights into software usage and compliance.
Effective license management is crucial for any organization that wants to optimize its software usage and reduce unnecessary expenses. We have explored some of the best SaaS license management tools available today, each with unique features.
Spendflo is an end-to-end SaaS buying and management solution that stands out thanks to the powerful features and benefits. With Spendflo, you can automate your license management workflows, gain full visibility into your software usage and optimize your license spend.
Sign up for a free trial today and see how you can save up to 30% of your SaaS spend.
A SaaS license management tool helps organizations manage and optimize their cloud-based applications and services. It promotes ownership, agility, visibility and accountability of SaaS and software vendors.
SaaS license management tools help optimize your SaaS subscriptions, reduce costs and ensure compliance with licensing agreements. It also provides better visibility and control over your software assets.
A SaaS license management tool is a subset of a software asset management that focuses on cloud-based applications and services. It provides better visibility and control over SaaS licenses, including application discovery, optimization and contract renewal.
A SaaS license management tool works by providing businesses with a centralized platform to manage their software licenses. It allows companies to track and monitor license usage, automate license allocation and predict future licensing needs. It ensures compliance with license agreements and helps companies save money by avoiding over-licensing.
Understand how the tool's features and pricing model align with your specific needs. Research and compare different options, considering factors such as user access control, integration capabilities and reporting functionalities. Consider a demo or trial offer to ensure the tool's effectiveness and ease of use.
Our free savings analysis tells you how much you’re guaranteed to save with Spendflo. Learn more about cleaning up and automating your tech stack from our experts.