The business world is evolving at breakneck speed, and to stay competitive, it's essential to adapt to new technological trends. Global spending on the public cloud for Software-as-a-Service, or SaaS, continues to rise, according to a Gartner study.
This unprecedented growth demonstrates the importance of SaaS solutions, and the confidence companies have in the benefits they can deliver.
SaaS is a method of software supply that uses cloud computing. Instead of downloading and installing software on a local computer, SaaS enables end-users to access a cloud application via an Internet browser.
This method, which has become essential in recent years, enables companies to improve collaboration, transparency and visibility throughout the supply chain (supply chain, inventory management, resource management, etc.), whatever their sector of activity.
SaaS-based procurement offers many advantages, including cost and flexibility. However, it is also associated with certain risks, including those of security and dependency. So it's important to do your research and choose a reliable service provider.
In this article, Welii will help you choose the best SaaS provider to meet your needs.
SaaS plays a key role in modern procurement practices.
With software as a service, customers don't have to pay for a license to use a specific version of the software. They simply use an online service freely, or pay a subscription fee to access their cloud services.
SaaS solutions enable companies to improve their supply management in a number of ways:
There are a multitude of SaaS tools revolutionizing the business world on a daily basis. Here are just a few examples:
By using SaaS methods, companies can automate tasks such as order or inventory management, or invoice approval.
For example, a company can set up automatic approval processes to ensure that purchases comply with company policies and budgets.
SaaS procurement methods also enable companies to outsource an aspect of their information system, such as messaging, purchasing management or website creation. This allows them to concentrate on their core business.
SaaS solutions offer several key features for businesses:
SaaS procurement methods enable companies to solve competitiveness-related problems.
How can they do this? Firstly, SaaS procurement methods enable companies to track their procurement expenses in real-time, from the purchase of raw materials to office supplies. In this way, companies can identify potential sources of savings.
Secondly, SaaS procurement software enables companies to monitor their procurement spend over time and adjust their strategy accordingly, thanks to in-depth financial analysis.
In this way, SaaS solutions can provide greater visibility over spending and purchases made, while facilitating collaboration between different teams for an effective forecasting method.
Using advanced analytics, SaaS procurement methods can help companies identify the most cost-effective suppliers and negotiate preferential rates or request SaaS upgrades based on their actual needs.
Companies can also streamline their purchasing processes to reduce the costs associated with procurement management.
As seen above, SaaS procurement methods offer many advantages, including expertise, time savings, cost-effectiveness or risk reduction.
However, SaaS also has its limitations, which you need to be aware of in order to make an informed choice:
Companies can therefore mitigate these risks by choosing a trusted supplier.
There are several steps you can take to successfully implement SaaS procurement.
SaaS has revolutionized the way companies buy and use software, with benefits such as flexibility, scalability and cost reduction.
While these solutions are becoming increasingly popular - because it's true, they offer many advantages - it's important to understand the limitations associated with SaaS procurement. These include security risks and vendor dependency.
By following a few best practices, such as a thorough evaluation of offers, involving all stakeholders and training your employees, you can successfully implement these tools.
Let Welii support you in purchasing and managing software tailored to your business needs, and optimize your use of SaaS!
Want to know how much you could save on SaaS costs with Welii? Use our Welii simulator to estimate your SaaS costs!
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.