Why your business needs a SaaS management tool sounds like the title of a very persuasive article. And we don't mean to convince you of anything. But we do wish to give you everything you need to know about SaaS management tools.
For that, let's understand what SaaS stands for. And we'll then get to why businesses naturally need or could use SaaS management tools.
We went over the precise definition of SaaS via the linked article. Yet, to sum up, this acronym stands for "Software as a Service." And it generally speaks of online or computer tools that complete different functions.
SaaS tools most commonly stay away from install or download requirements. And they keep all of our most relevant information on a particular field stored via a cloud. That's how we can retrieve data and use it at our will from wherever we want. With them, people can use a favorite browser to log on to sessions that neatly give them and their operating teams everything they need. And it all happens out of a single place!
Slack and Google Apps are common SaaS examples of these tools. And they make it clear how SaaS can be used to refer to centralized apps of different kinds. Netflix, Dropbox, and MailChimp are other examples that might resonate with you, as well.
From billing and human resources to customer relationship management (CRM) and document work, even videos fit particular SaaS tools' popular demand via common search engine access.
What's SaaS management?
By this term, we refer to all those actions that seek to monitor and control SaaS applications most effectively. We mean managing as optimally ordering how our stacks of SaaS apps handle our operations.
The above includes setting up how we do onboarding with or through SaaS apps. It also entails how each and every license is set to work, renew or cancel, etc. And getting personal with our compliance and spending should bear the goal of maximizing expenditures to enhance our return on investment (ROI).
It should smooth our operations and make the best of subscriptions we pay. And it should also enhance how our teams use and profit from all of the resources we make available for them.
Why do businesses need a SaaS management tool?
What good does going into another kind of admin for your starting business do to your company? Do you wonder?
Well, managing your SaaS can considerably help any startup when used optimally. Why your business needs a SaaS management tool has everything to do with enhancing internal - and even external - processes. Let's see how more in-depth.
Make your IT folks happy.
First, your IT crew should be happy about centralizing all of a company's apps in a single location. Doing so should ease many concerns on compliance but also on business visibility. Information technology experts can more easily see what an entire company uses in terms of downloadable or hired applications and software.
These tools allow total firms to see who is using which installation or app and which tools are going by reasonably unnoticed. Having that vision opens up great room for troubleshooting, canceling what's no longer helpful, and spending better time looking for more fantastic options to meet identified tasks.
Have better control of your renewals and cancellations
With these tools, anyone can spare unnecessary costs. They're there to avoid failing to cancel applications we no longer need or missing a payment, and having to cover delinquency fees. With smart notifications, we can set reminders to cancel or renew whichever app we need to keep on track. And this all makes the maintenance process of our entire company's SaaS stack a more controllable and time-restricted task. That means we have more time to focus on other imminent aspects of a starting business.
The privilege of analysis
As these tools produce so much data on our company resources, we can more easily see and adjust where we spend what we do. Suppose a particular app has resonated popularly in the market, and we bring it on board. It can even be popular staff demand over the joy of the unknown.
Yet, we buy subscriptions and find no one is making great particular use out of it. In that case, we can know that very quickly and easily with a tool such as Recurring.
And it helps because we can focus more on those apps that honestly give our companies power. And forget about spending our budgets on a recurrent basis on those tools that our teams themselves have long forgotten.
Link your SaaS manager to other tools
A significant part of the value SaaS managers bring to our businesses is how we can integrate essential apps to dialog with them via a centralized tool. Link other applications and continuously have your manager update whatever new information comes from diverse ends.
So, connecting banking accounts to a centralized manager can help define fraudulent or recurring charges, for example. And quickly feed and update our expense reporting that way, too!
These are just examples of varied uses. But accounting teams can surely benefit from the influx they can control via user-friendly apps now, as well. Let algorithms enhance internal processes through innovative technologies without fail!
Get smart recommendations for new tools.
Recurring will give users smart recommendations on new or better tools to complete what a company's current SaaS stack is hoping to solve, yet failing to do so optimally. As such, you can use tools that manage your SaaS to give you insight into new options. New offers out in the market that companies similar to ours are already using can help us stay equally ahead of the game. And it's great to get a heads-up about them automatically via our dashboards.
Keep renovating as better options come out, or stay informed of what your potential options are for improvement, reducing costs, and optimizing sales.
Spare much valuable time
Tools of the nature we describe here can improve what our teams are using as resources to get their job done. But they do more than that. They can also free up accounting members from tedious manual labor. And we all know that moving reporting to automated processes can save up considerable time.
At a personal level, the above can mean deviating from nagging manual controls we place on what our teams use as apps. It relates directly to our daily functions.
It's no longer furnishing reports by hand or going after people to get their entries in order. And ultimately having to decide on budgets over which we have no full vision.
Regardless of how you decide to set up SaaS managers, know their number one benefit should be to effectively cut back on time. Especially the one it's taking you to complete what can otherwise be automatic actions.
Money spent on tools that can be cut back or chosen differently to better results and give you the data you need - in no time! - can help you make informed business and financial decisions.
All of that out of a single place via a single tool! Isn't that wonderful! Give a SaaS tool manager a try if you haven't already!