Resources, feature releases and blogs to help you make procurement strategic.
Get in on the best SaaS buying practices.
Leverage the Power of Competition - Negotiation Tactics For SaaS companies.
You can’t blame vendors for making the most of the ‘don’t fix it if it’s not broken’ mindset that most companies have, to push their auto-renew contracts. But they don’t have to be the only...Watch now
The 9 Best Sastrify Competitors and Alternatives for 2023
You’ve been looking for Sastrify competitors and alternatives, this blog post will unfurl the best 9 Sastrify alternatives for 2023.
The 9 Best Torii Competitors and Alternatives for 2023
If you’ve been looking for Torii competitors and alternatives, this blog post will unfurl the best 9 Tori alternatives for 2023.
Put the ‘control’ back in contracts—Explore Spendflo’s updated contract management suite
An Overview of LeanIX Pricing and Features
We have detailed insights into every LeanIX feature for an informed decision.
Torii Pricing Guide and Analysis, Features and Pros & Cons
Torii pricing guide from Spendflo in 2023. We have detailed insights into every Torii feature to make an informed decision.
An In-depth Zylo Pricing Guide With Features
Get the most up-to-date Zylo pricing guide from Spendflo in 2023. We have detailed insights into every Zylo feature to make an informed decision.
G2 names Spendflo leader in SaaS spend management category
Of the 60+ platforms listed on G2 for SaaS management, Spendflo ranks #1 in recommendations, and spend forecasting and optimization.
Ace SaaS negotiations: A 3-step framework
SaaS buying can be complex, often blindsiding procurement teams who aren’t used to the new ways. In this blog post, we offer a 3-step framework to ace your next SaaS negotiation.
5-step process to control SaaS spends: Lessons from Stephen Newland
“Why is my software line item way more than it was six months ago?”If this question bothers you as much as it does me, you’ll find my 5-step process and Spendflo’s tips helpful.
Is user sentiment powering your SaaS buying decisions?
Nearly 40% of SaaS spend ends up unused or underused. By understanding user sentiment, you can procure SaaS tools that your team love, need, and most importantly, use regularly.
How Spend Analytics unlocks maximum savings on your SaaS
Your SaaS needs aren’t going down anytime soon, and the bills are hard enough to keep track of—it might seem unimaginable to think about accessing all the associated data that can help you reduce your SaaS spending and identify areas to save. What’s that costing you? Overspending on your SaaS by 30% every year.
7 metrics every CFO must track in 2023
Whether you’re in manufacturing or SaaS, these seven metrics will ensure all your bases are covered.
Top priorities for finance leaders in 2023
I'm often asked, “as a CFO, how can I maximize impact in the recessionary environment this year.” This blog post contains my answers.
Put the ‘control’ back in contracts—Explore Spendflo’s updated contract management suite
Spendflo’s contract management suite just got some new features to help you organize, renew, and spend minimal time and resources on your contracts. Find out how.
G2 names Spendflo leader in SaaS spend management category
Of the 60+ platforms listed on G2 for SaaS spend management, Spendflo ranks #1 in recommendations, and spend forecasting and optimization.
We raised $11 million in series A. By the way, we also raised the bar.
Spendflo was founded in 2021 from personal experience. I was running business operations at an electric vehicle charging company in California. Every quarter, my CFO would complain to me that we were spending too much on SaaS. But I didn’t know who owned the contracts or how we were using the tools. I got so fed up and realized I couldn’t be the only one with this problem.
Spendflo launches SaaS tracking and SSO for Microsoft Azure AD and Okta users
Track all your SaaS spends and usage from a single tab, and bolster data security with SSO
15+ Top SaaS finance tools you need to check out
Finance teams often struggle to manage invoices, reimbursements, company cards, and other technical payment processes. Due to this, SaaS FinTech has witnessed a high demand in recent years. With so many SaaS tools out there, it can be difficult to pick one that’s the right fit. This is why we have put together this detailed list of SaaS finance tools to help your business find the most suitable tech stack.
Airmeet’s hacks for optimizing SaaS spends
Whether you work with Spendflo or manage your SaaS buying yourself, some of Airmeet's Director of Finance, Naga’s best practices return significant cost savings.
Guide for CFOs to Navigate SaaS Spending
The SaaS model has indeed been disruptive. Anytime-anywhere access makes it convenient. ‘Pay as you go,’ ‘only pay for what you use,’ ‘cancel whenever you want,’ etc. make the SaaS model of buying software immensely attractive. It gives employees the freedom to try, evaluate, select and instantly buy the software that they need — reimbursing payments later with their organization — essentially cutting through bureaucracy. Everyone is happy, it would seem.
Six crippling SaaS expenses and how to cut them
What organizations want? Speed and agility. To achieve that, what organizations need? Tools and automation. Everyone is looking for a simpler, faster, smarter way to do their job. Today, with software eating the world, that search has dozens of potential destinations. So, it’s no surprise that an average company uses 254 SaaS tools.
SaaS Service Level Agreements: How to get the most from them
A service level agreement can be tricky to navigate and customers often find themselves burdened with confusing jargon, vague terms, and loophole exploitations from the service provider. This article explores how to tackle service-level agreements and how to get the most from them.
How to evaluate SaaS agreements and the best practices to follow
Cloud adoption is becoming widespread, with companies accumulating many SaaS agreements and contracts. If these agreements aren’t properly reviewed or stored, it can create problems for businesses. As the SaaS stack grows, companies need to learn how to evaluate SaaS agreements and practice better cloud contract management.
The Journey to CFO with Kiran Hebbar
Over the past few years, the role of a CFO has witnessed a sea of change. The needs of the modern business and leadership teams today are nothing like last year.
5 ways that SaaS spend management can save time and money
Software as a Service (SaaS) is expected to experience 16.8% growth by 2023, according to Gartner, despite the looming economic uncertainty. The forecast also predicts that worldwide public cloud spend will increase to $591.8 billion. With such large investments in SaaS, businesses need to find the best way to optimize their SaaS stack and avoid excessive spending.
8 different ways you are overspending in SaaS
There are many ways in which companies end up spending excessively on SaaS licenses and products. More ways than many can think of. This article outlines the various ways in which SaaS optimization falls through the cracks and leads to unnecessary SaaS spending.
Organize your SaaS stack with appropriate Tags using Spendflo
Today, we're excited to launch Tags to help your teams gain better context around their SaaS tools. Tagging your SaaS tools is helpful when your teams need to quickly find a group of tools belonging to a specific category. In simple words, it's like proper indexing for your SaaS.
SaaS Buying Lessons from Indonesia Economic Forum
SaaS is a sneaky expense but a humongous one for most businesses today. At the Indonesia Economic Forum round table, we spoke to a few business leaders to understand their key challenges and what they need to solve them.
10 SaaS spend management insights for modern CFOs with Chris Ortega
The CFO’s role has undergone a shift after the pandemic. SaaS spend management is no longer only about cutting costs but more agile thinking. Chris Ortega, the CEO of Fresh FP&A, in conversation with host Siddharth Sridharan, co-founder and CEO of Spendflo.
A complete guide to SaaS spend management
Companies spend nearly 25% of their budget on cloud software without understanding how to utilize it well. Ineffective and unmanaged SaaS software can cost a company millions of dollars. Learn how to reclaim the potential of your SaaS stack by understanding the challenges, benefits, and pitfalls of SaaS spend management in this comprehensive guide.
The journey to becoming a CFO - insights from Dan Fletcher
The role of the Chief Financial officer (CFO) is ever-evolving. Financial leaders are now deeply involved in financial capabilities, strategic leadership, and organizational change. Dan Fletcher, Chief Financial Officer for Planful, shares his real-time experience and answers questions presented by the host, Nivas Ravichandran, Head of Marketing, Spendflo.
SOC 2 compliant
We’re thrilled to announce that Spendflo is now SOC 2 compliant after completing a successful audit by an accredited auditing firm. We’re excited to continue serving our customers and partners as a SOC 2 Type 2 certified organization.
Save on your SaaS budget using Sentiment Hub
Today we’re excited to launch Sentiment Hub to help you understand what your teams feel about their SaaS tools. Unlike other standalone sentiment survey tools, Spendflo Sentiment Hub is meant to work seamlessly with the unified SaaS buying platform. As a result, it helps you gain actionable insights, make the best decisions on buying SaaS, and act on them proactively.
Get the most out of your SaaS Spends: A Guide to SaaS Cost Optimization
Companies are increasingly relying on SaaS products. The transition from clunky downloadable software to cloud software becoming more common. But despite this shift in dependencies, companies are still wasting an estimated $90 billion each year on their SaaS products. That’s where SaaS cost optimization comes into play — to ensure that companies get the most out of their SaaS products with minimal wastage and the best value for money. We have prepared a comprehensive guide so that you can optimize your SaaS spend.
Top priorities for SaaS CFOs and finance leaders in 2022 from Ben Murray
World’s financial climate is in flux. How should the modern CFO navigate these choppy waters? What is the long term and short term finance playbook? What metrics should CFOs follow? Ben Murray, Founder, The SaaS CFO, answers these pressing questions presented by the host, Nivas Ravichandran, Head of Marketing, Spendflo.
Why you need a SaaS spend management software and how to chose one
Cloud-based Software-as-a-service (SaaS) is now powering companies across the globe. We are experiencing a SaaS boom, and the industry is projected to hit a revenue of $369.4 billion in 2024.
Five challenges of SaaS spend management and how to overcome them
Is your SaaS spending getting out of control? Has the lack of ground-level visibility and monitoring impacted your business growth? We get it, and you're not at fault. A study by Gartner shows SaaS spending to have topped the list of cloud offerings and is predicted to reach $208 billion in 2023 — 15% more than in 2022.
The Complete SaaS agreement checklist: 14 things you need to know
Reading SaaS agreements may not be the most exciting. It often takes hours to read through Software-as-a-Service (SaaS) agreements for the new SaaS product that your business will be using. Going through a SaaS checklist is crucial in avoiding any loopholes in your process since they can significantly impact your business later. Here’s a complete SaaS contract checklist to look out for while closing or renewing your SaaS agreement.
A guide to tracking employee SaaS usage
Companies worldwide are embracing SaaS to increase the productivity of their workforce and thus increase business profitability. But unmonitored SaaS buying leads to SaaS wastage and leaky spends.
How Spendflo's vendor trust helps you accelerate security reviews
Let's face it. No one walks in to work excited to complete vendor security reviews. However, it is a crucial part of SaaS buying.
Eight ways to manage SaaS spends
Are you looking to cut down your SaaS procurement budget? With the global recession taking place and inflation hitting an all-time high, companies are re-evaluating their budgets.
SaaS buying has become complex and expensive. It doesn’t have to be.
For employees, SaaS buying is easy. They pick the product they like, try it, buy it with their credit card, and reimburse at the end of the month. In essence, SaaS buying is decentralized.
SaaS spend management in the current financial landscape
In the current financial landscape, net positive interest rates for investments in the US have made investors wary of riskier ventures. Hence, obtaining capital is increasingly harder for hyper-growth businesses. The focus has moved away from growth at all costs to maintaining growth while keeping the burn rate low. Spendflo’s SaaS buying and management solution helps modern businesses achieve the fine balance between growth and managing expenses by simplifying SaaS buying. In this blog, we’ll explore why the current way of SaaS buying is complicated and how uncomplicating the process helps in business growth.
SaaStr 2022 After Parties - The Ultimate Guide
If you’re looking for all happy hours to hit during this edition of SaaStr, we’ve got you covered. Here’s a comprehensive list of all the SaaStr after parties happening in the Bay Area.
Six Benefits of SaaS Spend Management You Didn’t Know About
Businesses keep close track of where the money goes. A successful business can streamline its processes and ensure awareness of where it is losing money. But how is that done? Short answer - Spend Management.
Streamline your SaaS buying with Spendflo bot in Slack
Every business in the hyper-growth phase buys, upgrades and renews multiple SaaS tools. And each of these procurements needs to be reviewed and accepted (or denied) by the respective stakeholders.
Guiding Principles for SaaS Agreements Negotiation
Businesses often find themselves stuck with a one-time purchase of SaaS applications they no longer need. Sometimes they get roped into signing a year-long agreement for a software that's needed for a few months and find out it is not budget-friendly in the annual plan. Negotiating a robust Software-as-a-Service (SaaS) agreement is elusive for modern hyper-growth businesses. This article aims to guide you through the solid fundamentals of what to look for in your upcoming SaaS agreements.
9 Clauses in SaaS Contracts to Watch Out For
SaaS Contracts that are crafted to govern the relationship between two parties are agreed upon by 97% of the customers in the United States without reading. If you are on the list, we don’t blame you. The average word count for terms of service in a SaaS agreement is about 8000 words and takes more than 60 minutes to read. With more than 100K spent on SaaS, and 150+ employees using them, you don’t have the time to read between the lines. But your organization also can't afford disputes like overspending, data loss, or security breaches due to negligence. To rescue you from the never-ending hole of terms and conditions, this article will explain the 9 contract clauses to evaluate and negotiate.
The Ultimate Guide To Software License Agreements - 2022
Reading a software license agreement can often feel like feeding a herd of hungry horses. You know all of them require attention, but not which one to give first. Every business, including yours, relies on software for daily tasks and operations. Ever wondered what the tiny pop-up on the screen that appears before making a software purchase means? Or are you amongst the other 90.6% of consumers who click ‘I Agree’ without even opening it?
7 Best Practices to Save on your SaaS Spend and Increase your Cash-flow in 2022
There’s an undeniable economic downturn happening in 2022. There have been significant changes in capital markets, and business valuations. This article aims to gently place a hand on why hyper-growth startups should cut on SaaS spending to not only survive but thrive in today's financial landscape.
9 Expert Insights on being a Data-Driven CFO from Glenn Hopper
Data has become pivotal to organizational growth today, with Industry 4.0 leading the digital revolution. Growing businesses find themselves with many unanswered questions at the cusp of digital transformation. Glenn Hopper, Chief Financial Officer for Sandline Global, attempts to answer a few of these pressing queries presented by the host, Nivas Ravichandran.
Strategic procurement vs ad-hoc purchasing
SaaS procurement for your business is not about purchasing and receiving the software. Without strategic procurements, ad-hoc purchases would have you overpaying for SaaS and leave little room for negotiations. Hidden SaaS costs knock on your door and diminish your company's ROI on SaaS investments.
Spendflo raises $4.4M to reinstate the modern SaaS buyer back in the driver’s seat
Turning SaaS Procurements from an everyday firefight into a tactical advantage
Why you should never auto-renew SaaS contracts
You and most SaaS buyers are fighting the same villain: auto-renewals. Unfortunately, most companies still make a very basic mistake: opt for auto-renewals for their SaaS purchases.
SaaS buying is broken
Don't buy SaaS the same way you buy other things online. Because unlike your favorite pair of sneakers that you bought online last Christmas and haven't used it since, there are more nuances when it comes to procuring SaaS. So what is the best way to buy SaaS? Let's figure it out through the eyes of our imaginary friend, Mark.
Complete Guide to SaaS Cost Optimization
In this age of SaaS, with service providers springing up every day, it becomes difficult for companies to assess and get the best prices suitable for their budget. Managing and reducing the costs involved is a totally different story. Here we explain how you can reduce upto 30% off your current/future spending.
SaaS Negotiation Tactics
Negotiation is an art and it’s not for everyone. There we said it! We dive into the evaluation of multiple tools and execution, giving little or no importance to spend. Here are a few pointers that’ll help you better..
6 Questions to ask yourself before buying any SaaS Product
100. That’s how many SaaS products a single company with fewer than 100 employees could end up using. To help make this process simpler and more effective, we’ve put together a list of the six questions you need to ask yourself before buying any SaaS. Lets get started!
5 alternatives to Auto-SaaS renewal strategy
You can’t blame vendors for making the most of the ‘don’t fix it if it’s not broken’ mindset that most companies have, to push their auto-renew contracts. But they don’t have to be the only way -- even if you find a SaaS product you want to stick with.
10 ways to reduce your AWS spend
Companies scrambled to panic-buy cloud services without much attention to usage, let alone optimization. In this guide, we show you how you can speed up your AWS cost optimization with a few trusted and recommended measures to reduce your AWS spend and maximize ROI.