Software Asset Management
SAM Benefits Without the ITSM Cost
- Automate Critical Tasks. Save time by automating repetitive tasks such as onboarding, offboarding, and license assignment.
- Discover All Your Apps. Eliminate shadow IT and mitigate unforeseen security risks by identifying apps in use.
- Continuously Monitor Your Most Critical SaaS Applications. Track 100s of critical applications out-of-the-box – from GSuite and Microsoft to smaller tools that add up.
- Eliminate Overspending. Uncover and reduce costs from unused applications, excess seats, and bad contracts.
- Never Miss a Renewal. Get alerts for renewals and expirations. Avoid unexpected charges and have time for renegotiations.
Software Asset Management that Unites IT and Finance
Key Features
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Software Asset Management
Manage your software assets and see what is in use across your ecosystem to uncover shadow IT, duplicate software, zombie subscriptions, and more with our powerful integrations and comprehensive dashboard.
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Software Catalog for Employees
Utilize the software catalog to provide employees with a centralized and convenient place to request access to approved software.
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SaaS Operations Management
Efficiently automate the provisioning and deprovisioning of licenses when onboarding and offboarding employees.
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Spend Forecasting & Insights
Track renewals and upcoming charges, derive budgetary insights to eliminate unnecessary costs, forecast spend based on licensing and recent trends, and more with automated notifications from our dashboard and reports.
“Sometimes you just can’t know what you don’t know, but with this platform, the information was there waiting for us.”
What is a SaaS Management Platform?
These SaaS management tools provide full visibility into software usage and costs for both IT and finance and are critical to software management and spend optimization, supporting data-driven decisions.
An SMP is part of a comprehensive software asset management solution providing continuous SaaS discovery and creating transparency for access, usage, and administrative information, like financial, contract, and governance data, in a single dashboard.
How does SaaS Operations Management Discover Savings?
SaaS management software empowers IT operations administrators to enhance the utilization and security of SaaS applications. They assist organizations in comprehending the following:
- Which software applications are being used
- To what extent they are being used
- Who has access
FinQuery’s Software Management solution is a SaaS management platform that automatically detects your organization’s software applications, eliminating shadow IT and preventing software sprawl.
With direct integrations, browser extensions, and plug-ins, FinQuery Software Management works with the tools you already have to provide full visibility into your software usage and help you manage your software portfolio.
SaaS Management: Why Now?
The average organization has more than 125 SaaS applications, creating headaches for IT and big expenses for finance. In fact, SaaS is one of the top three expenses for many organizations, with an average per employee spend of more than $3500/yr and growing…
Don’t think you’re one of those organizations? You may be surprised.
Gartner posits the average IT team is only aware of one-third of the software applications in use at their organization. Because software subscriptions are so prevalent and affordable to the individual, they’re often purchased on an employee p-card to solve a single-person or functional team problem without looping in the IT team.
All those unknown apps become shadow IT and are attached to shadow contracts and shadow spend.
While these purchases are usually made with good intent they add up to big headaches:
- Software that has not been approved by IT may come with security risks or be hard to support.
- Software licenses purchased without IT or finance’s knowledge may become zombie subscriptions the organization pays for but doesn’t use because no one remembers they have them.
- Purchasing software outside the normal procurement process may also lead to duplicate or redundant subscriptions across teams resulting in less favorable pricing because a central negotiator and bulk discounts are not applied.
With every organization using some form of SaaS today, these issues are cropping up everywhere. But only about half of organizations are taking an organized approach to deal with it.
Leading organizations are seeking out SaaS management solutions with software spend management features, like FinQuery Software Management, to get better visibility and control over their software estate.
These software spend management features help companies discover, track, and optimize their software to mitigate risk, unlock savings, and improve efficiency. Companies that haven’t invested in a SaaS management solution are less capable of preventing things like wasted software spend, breached accounts, and wasted IT team time.
Book an intro call to learn more about how FinQuery can help simplify SaaS management and optimize software spend for your organization.
FinQuery’s Software Asset Management Features
Software Catalog
A centralized and convenient way for employees to request software access enables license management.
App Discovery
FinQuery automatically detects your organization’s software applications, eliminating shadow IT and mitigating software sprawl.
Simple Collaboration
Invite workspace administrators to collectively manage vendors, uncover expenses, track licenses, and a lot more in one SaaS management platform.
Security & Compliance
Visibility into software usage enables you to better monitor security and comply with data governance rules.
Employee Offboarding
Automatically remove employees from integrated software for easy SaaS administration and see exactly where to remove loose-end access.
Powerful Reporting
View spending, usage, activity, and licenses at aggregate and department levels to effectively manage software subscriptions.
Contract Management
FinQuery provides a centralized repository for all the contracts, invoices, and files you need when reviewing or managing a vendor.
Automated Alerts
Get notified of new subscriptions, upcoming renewals, unusual charges, and more for proactive SaaS spend optimization.
Critical Integrations
Integrate directly with your most important business applications to track usage, enable workflows for onboarding and offboarding, optimize licenses, and reduce costs.
Subscription Calendar
See the timing of past and future software expenses for simple budgeting and efficient cash flow forecasting.
FinQuery: SaaS Native Software Asset Management
Book a call to see how FinQuery can help:
- Tracking and optimizing all software licenses & subscriptions.
- Automating tedious IT tasks such as license deprovisioning.
- Unlocking savings with our advanced spending insights.
