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What is SaaS management all about? Does it iron out all the ins and outs of your SaaS system in one place? Read on the following blog to unlock these answers.
The usage of SaaS has accelerated at a rapid pace in the last decade. You will be surprised to know that an average company today pays for 20X more SaaS subscriptions today than what they paid half a decade ago. As of 2022, SaaS is being explored by businesses of all sizes and types. That is when the concept of SaaS management comes into the picture. On that note, this blog will walk you through the nitty-gritty of this concept and delve into further detail. Without any further ado, let us get started right away. This is what we shall be learning today:
SaaS management is the business practice of proactively managing and monitoring the procedural steps of all the software as a service (SaaS) applications within a company’s portfolio. These steps refer to the purchase, onboarding the customer, distributing license, renewals and ultimately the offboarding too. The pivotal objective of SaaS management is to lessen the risks from unmanaged and untamed technologies or tools. With the right SaaS management techniques, a company can augment the value of purchased software and enhance the efficacy of the users who install these SaaS applications.
In short, it gives a broader and deeper understanding of a business’s software stack, spending, compliance, tracking usage and limits. Not just that, it simplifies vendor and employee management, compliance audits, and aids in maximizing your return on investments (ROI) as well. Now that we have a basic understanding of what does SaaS management entail, it is now time to learn why deploying SaaS management makes sense for a company.
The first and foremost step towards managing SaaS is to receive an understanding and depth of the current state of SaaS tools and applications. One of the most critical outcomes of SaaS management is developing a system of record to track and maintain all SaaS applications. Further, this makes sure that this enhances collaboration, visibility across teams, and information about the SaaS applications to reach out to the end users as conveniently as possible. Hopefully, this blog would have shed some substantial light on deploying as well as some of the best benefits of SaaS management tools and technologies in your system.
Simran hails from the content marketing backdrop with extensive knowledge in blogs, articles, and technical whitepapers in the non-fictional domain. She uses her ‘gift of the gab’ to explore new possibilities on her way and to make an exquisite impact on her readers. In her spare time, she likes to read journals on artificial intelligence or play with her cute kittens.
Published 13 Aug 2021, Updated 31 Jan 2022
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