The number 1 asset of working with Welii is having a partner team that is active, proactive and professional and accompanies your company as if it were part of the company itself. Plus, identifying savings where I wouldn’t have even imagined.
The number 1 asset of working with Welii is having a partner team that is active, proactive and professional and accompanies your company as if it were part of the company itself. Plus, identifying savings where I wouldn’t have even imagined.
Website: iziwork.com
Company size: 700+
Iziwork, a digital platform transforming the temporary employment sector, emphasises a worker-centric approach by offering quick access to job opportunities. Their achievement of securing 62M€ in total in funding highlights their commitment to revolutionising the industry through advanced technology.
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Experiencing rapid hyper-growth from 2018 to 2022, the company expanded its team to over 700 employees. As a result, its SaaS stack also saw significant growth, with the use of over 250 SaaS tools becoming an inevitable part of this expansion.
Being a tech company, SaaS naturally became their number one expense. Given the current economic context, the company was aiming for a more balanced spending approach. This prompted CTO Thomas to strategically streamline costs, focusing on achieving savings from SaaS expenditures to maintain efficiency and manage growth sustainably.
Iziwork had already taken steps to improve its purchasing and negotiation processes, addressing issues like contract complexities and user licenses. Welii's involvement built on these initial efforts, providing a significant boost to their effectiveness and streamlining overall operations.
The collaboration with Iziwork significantly optimised their cost management, leveraging our deep expertise in SaaS contracts. This strategic approach led to direct savings and revolutionised Iziwork’s contract management practices. They realised the best deals, reflecting our profound impact on their negotiation strategies.
Our methods sped up negotiations, achieving favourable outcomes swiftly and marking a shift beyond mere cost-efficiency. We also challenged their existing tool stack assessing the effectiveness and necessity of each. This critical evaluation led to more strategic decisions, underscoring the importance of challenging choices to align with their overarching goals.
The main benefits of working with Welii are cost reductions, and rationalisation of costs that are incomparable, but it's also the fact that my team learn and understand well beyond their initial approach the subtleties of contracts.
Additionally, our expertise in smart negotiation and strategic planning guided Iziwork towards enhanced efficiency and sustainability. Our joint efforts in various negotiations resulted in over 210,000€ savings, a 40% total reduction, and an ROI surpassing 500%. This was especially beneficial for Iziwork, as they were in the midst of an internal phase focused on cost rationalisation.
At Iziwork, we went through a phase of cost rationalisation internally, we pushed as far as we could. And Welii allowed us to generate much more savings. Even surprisingly to an extent, I didn't expect such a high return on investment. But I was of course over the moon.
These savings were reinvested into expanding Iziwork's team, facilitating their growth. This cycle of reinvestment and development not only resulted in immediate financial gains but also yielded long-term organisational progress.
A notable example of valuable impact was evident when Iziwork depleted a two-year credit in 18 months, without any prior warning. As this tool was essential in their strategy, they risked considerable additional fees. To combat this, we conducted a thorough analysis of product usage and volumes, leading to various cost-effective proposals.
Our familiarity with the provider enabled us to efficiently negotiate a 65% cost reduction and a future-proof contract within just ten days, significantly shorter than the usual 45-day period. This collaboration with Iziwork not only aligned the contract with their objectives but also led to significant savings—reducing their costs from 212,000€ to 76,000€, including a 19% discount per credit. We implemented a buffer volume in the contract to prevent similar issues in the future, ensuring Iziwork's long-term stability and cost management.
By utilising our platform that centralises and monitors SaaS contracts, such challenges would not recur, enhancing Iziwork’s proactive management of future tools and providing greater foresight in decision-making and costs.
Are you facing similar challenges in managing your contracts and negotiations?
Book a demo now and take the first step towards strategic savings and efficient growth!
Website: iziwork.com
Company size: 700+
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.
