In this replay, you'll discover two levers to reduce your company's cash burn in less than 45 minutes.
👉 Lever 1: How to define a budget allocation strategy that positively impacts your cash burn.
Mapping KPIs, taking into account investments by projects and by division to prioritize budgets, accelerating the valuation of capitalized production, etc.
👉 Lever 2: The impact of SaaS Procurement on your budgets and revenue.
Did you know that Gartner estimates that companies overpay for their SaaS tools by 30% on average? Integrating a Procurement strategy can save between 20 and 35% of these SaaS expenses.
The podcast is in French only 🇫🇷
Below you will find a summary of the most important elements in English.
You can lock your phone while continuing to play the podcast.
Startups are often required to produce a budget for the coming year, but how can the CEO see it as an opportunity to reduce costs?
The issue, is that the budget often remains at a macro level of the company and needs to be translated into actionable indicators for daily use. How to face it?
The part 2 is about SaaS Procurement. Vincent is talking about the usage of SaaS in startups and scale-ups that is chaotic and inefficient due to the overwhelming number of applications available on the market.
To avoid and challenge this issue, Vincent is sharing the following tips:
On average, a scale-up spends €4,500 per year per employee on SaaS. This translates to a budget of €1.8 million, and by using SaaS procurement tools, businesses can easily save between €450,000 and €630,000. Additionally, with the current economic recession, the impact of using these tools is even more significant, as 36.84% of SaaS providers have increased their prices between 2022 and 2023, with an average increase of 16.08%. Some well-known companies such as Google and Gitlab have already announced price increases in recent weeks.
Here are some steps that companies can follow to create their own SaaS Procurement strategy: (using the Welii's method)
By following these steps, companies can create a SaaS procurement strategy that is cost-effective, efficient, and aligned with their business goals.
About our speakers:
Companies such as Jellysmack, Livestorm and Zenchef trust Welii to focus on their growth while maintaining control of their finances, saving up to 36% on their SaaS spend.
Shadow IT is present for a company of any size and we always identify 3x more tools than our customers thought. If you spend less than $400k annually on SaaS tools, we'll identify fewer saving opportunities than a client who spends millions, but we'll help you quickly implement a data-driven buying strategy to prevent this wasteful situation from occurring and keep you focused on your business.
The security of your data is our primary concern. Which is why we have taken appropriate measures to protect your business.
You are free to add any budget owners or anyone involved in SaaS purchasing to streamline your procurement buying process at no additional cost to our platform.
Managing users and identities is a separate business that we don’t do. However, to bring you value and help you with this process, we have partnered with industry leaders like Okta and Auth0 so that we can help you in your Zero Trust Identity process.
We have developed a simple and intuitive solution allowing you to analyze all your SaaS inventory data through dashboard and dynamic list views based on search criteria and filters.
Spendesk is an enterprise expense management solution that allows all employees to pay for SaaS tools. Welii will provide you with insight and support to help you optimize your spending, add leverage to your negotiations, and remove the headaches associated with SaaS purchasing.