SaaS cost optimization is the process of reducing and controlling the costs associated with SaaS applications. This involves identifying areas where SaaS spending can be reduced, optimizing SaaS usage, and negotiating better pricing terms with SaaS application vendors.
Effective SaaS cost optimization requires a comprehensive understanding of an organization's SaaS usage, costs, and business needs. This includes maintaining an accurate SaaS application inventory, and analyzing SaaS usage and spend data.
To inform SaaS cost management and spend optimization, organizations leverage dedicated SaaS management solutions. The solutions help discover all SaaS applications, including sanctioned, unsanctioned, shadow, and unmanaged apps, identify SaaS users, and obtain insights into application and license utilization.
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