Grid® for SaaS Spend Management Software
SaaS Spend Management Software Definition
SaaS spend management software centralizes visibility over an organization's SaaS subscriptions, tracking utilization, identifying underused or redundant tools, and alerting administrators ahead of renewals to help companies control software costs and eliminate unnecessary spending.
Core Capabilities of SaaS Spend Management Software
To qualify for inclusion in the SaaS Spend Management category, a product must:
- Centralize control over SaaS licenses
- Facilitate SaaS contract management
- Track spending and forecast the costs of SaaS subscriptions
- Monitor SaaS product utilization and user sentiment
Common Use Cases for SaaS Spend Management Software
IT, finance, and procurement teams use SaaS spend management tools to gain control over software portfolios and reduce wasted subscription spend. Common use cases include:
- Auditing SaaS subscriptions to identify underutilized licenses and consolidation opportunities
- Setting renewal alerts and managing contract timelines to avoid unwanted auto-renewals
- Identifying tool overlap where multiple similar applications serve the same function across departments
How SaaS Spend Management Software Differs from Other Tools
SaaS spend management software focuses on the cost and utilization of cloud-based SaaS applications, distinguishing it from cloud cost management software, which monitors and manages spending on cloud infrastructure usage such as compute, storage, and networking rather than SaaS subscriptions. While both tools address cloud-related spend, SaaS spend management is application-layer focused whereas cloud cost management operates at the infrastructure layer.
Insights from G2 on SaaS Spend Management Software
Based on category trends on G2, license utilization tracking and renewal alert features stand out as the most valued capabilities. Measurable cost savings and improved visibility into shadow IT stand out as primary outcomes of adoption.
SaaS Spend Management Grid® Scoring Description
Products shown on the Grid® for SaaS Spend Management have received a minimum of 10 reviews/ratings in
data gathered by August 15, 2023. Products are ranked by customer satisfaction (based on user reviews) and market
presence (based on market share, seller size, and social impact) and placed into four categories on the
Grid®:
- Products in the Leader quadrant are rated highly by G2 users and have substantial Market Presence scores. Leaders include: Airbase, Mesh Payments, Torii, Tropic, Spendflo, Zluri, Vendr, Zylo, and PayEm
- High Performing products have high customer Satisfaction scores and low Market Presence compared to the rest of the category. High Performers include: Vertice, Lumos, CloudEagle, Quolum, and Hudled
- Contender products have relatively low customer Satisfaction scores and high Market Presence compared to the rest of the category. While they may have positive reviews, they do not have enough reviews to validate those ratings. Contenders include: BetterCloud, Productiv, G2 Track, Sastrify, and Volopay
- Niche products have relatively low Satisfaction scores and low Market Presence compared to the rest of the category. While they may have positive reviews, they do not have enough reviews to validate those ratings. Niche products include: Cledara, SailPoint SaaS Management, NachoNacho, Trelica, Genuity, TrackMySubs, and Stackshine
© 2023 G2, Inc. All rights reserved. No part of this publication may be reproduced or distributed
in any form without G2’s prior written permission. While the information in this report has been
obtained from sources believed to be reliable, G2 disclaims all warranties as to the accuracy,
completeness, or adequacy of such information and shall have no liability for errors, omissions, or inadequacies in such information.
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