So much can be lost when we sign up for software as a service (SaaS)! We genuinely need to be careful not to fall into the trap of many setbacks in SaaS tool management. It's as if it were natural nowadays to lose track of our subscriptions, the due dates of those tools we needed for single-use, and so many other complications. That's why we're considering how to stop SaaS waste, hoping this reading can help you recover what can be better spent else how.
SaaS doesn't imply waste.
As a necessary disclaimer to above and just to be on the safe side, some can indeed lose more than gain in using SaaS. Yet, that's by no means a natural characteristic of these platforms. On the contrary, the tools are designed to help us with optimization. We need to handle more on our human side how we program and use these resources is all. That's also why we're confident our current set of information can genuinely help every business person learn how to stop SaaS waste.
To get to that, let's first clarify: what are SaaS tools, really?
What is a SaaS tools?
Software as a service tool is commonly an online platform that can provide services through its technological composition. That's to say, a company hosts apps on a cloud for people to access online, for example. And users can then run diverse tasks through those means.
There's typically no maintenance needed at all to keep these running, either. As users, we only pay a fee for sign-up to keep our open access to the platforms we require. Meanwhile, developers can continue to upgrade, innovate and perfect the tool. The immediate and unrestricted access at a global scale means a chance at severe startup scaling, as well, for any SaaS. And the beauty to it is that, depending on the product being serviced, innovation in this sense doesn't necessarily mean augmenting pricing for our subscribers or high internal costs. From Netflix to advanced information technology tools, the truth is that SaaS tools can help in diverse ways. Let's go over a few standard SaaS products together for a clearer picture thereof, shall we?
What are some SaaS products?
Messaging, as in the case of Slack, is an ideal example of SaaS. Without pay, we access integrations, chatting channels, and tons of team management help that are all just coded in given software. However, that cloud performance is invaluable for our companies. Like Slack, we can cite many other tools, such as Canva, Twitter, Microsoft's Office packages, and all of Google's Docs and apps, for instance. This applies to Shopify as much as Spotify or Asana, as well.
If we put all of these tools into perspective, it's easy to envision why research is throwing a whopping $13K per year spent - per staff member - in the US. Unfortunately, though, that same source is recording about 30% of that amount going to waste. What's causing that? A lack of control and the difficulties of setting the right pricing for these means. It can perhaps be more evident now why it's essential to check how to stop SaaS waste. So, let's move to the juice of it.
How to avoid SaaS waste
As we mentioned above, losing control or grasp over a growing stack of SaaS tools is part of the primary reasons why so many funds go to waste. We need to gain control over what we hire or the subscriptions we list as part of our startup expenses. For that, of course, Recurring can help in the blink of an eye. We'll wrap up with a note on that at the end. For now, go over SaaS management tools to reduce wasted funds. Just let automated processes oversee what our minds can easily forget. Setting up fixed periods for precise actions over cloud-based apps can certainly give us that much-needed control of which we speak above.
With Recurring, for instance, the app itself will determine what our team members are no longer using. From features to entire apps themselves, Recurring is coded to identify orphaned or even duplicate tools. That's how it can let us know how to stop wasting funds on those precise SaaS tools. And the app can also make smart suggestions to point us in the direction of better options in the valuable cloud realm.
Did you know, based on the same source we outline above, that "The typical employee uses 44 apps to do their job. They never use seven."? Put all this into perspective. Cleaning up our house can be a source of priceless savings, pun intended. Aside from the above, use these resources to gather data and engage in different kinds of processing. Capable of deploying demos or products, these tools can quickly draw highly insightful analytics of all types. What's better yet, they can automatically furnish precious reports!
SaaS inventory management
SaaS can furthermore be great when it comes to managing inventories. Aside from tracking products, you can follow clients and vendors, integrate the tool to dialog with sales, and even handle purchases and invoicing through them. They can undoubtedly centralize many of our accustomed needs to run a business.
In choosing your next inventory helper, consider its pricing alongside its overall features. Check the target market for that tool to which you're about to resort. Is the program designed to serve you? At times, it's much better when it is.
Do all this and more with Recurring.
Recurring isn't far from competing with the best SaaS management tools currently out there. It's designed to efficiently collect invoices or measure user activity through SSO and G Suite logs. Moreover, it's the best one-stop shop to manage subscription software as you track and optimize spend for your startup.
Our product's based on our founding team's first-hand experience with SaaS stacks. And that makes our work the best ally during a startup's growing stages, with a proven record of funding and operational success. Don't wait much longer to make the best of what Recurring has to offer.