Download the CFO's Guide to Making Your SaaS Spend More Efficient in 6 Months
For most businesses, SaaS spend is second only to headcount - and this is only increasing.
In fact, SaaS costs have never been more out of control. You need to know how to fix them.
With this guide, you'll get insights into:
- The reasons why SaaS costs are spiraling - so you can spot the warning signs in your business.
- Detailed, actionable strategies about how to shield against external factors and fix internal issues
- The latest spend data and trends from across the global SaaS industry
Download the CFO's Guide to Making Your SaaS Spend More Efficient in 6 Months
For most businesses, SaaS spend is second only to headcount - and this is only increasing.
In fact, SaaS costs have never been more out of control. You need to know how to fix them.
With this guide, you'll get insights into:
- The reasons why SaaS costs are spiraling - so you can spot the warning signs in your business.
- Detailed, actionable strategies about how to shield against external factors and fix internal issues
- The latest spend data and trends from across the global SaaS industry
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Annual SaaS spend per employee is continuously rising
SaaS costs per employee per year is now at it's highest peak - $9,000. And every quarter it's hitting a new peak - it seems like nothing can arrest this climb.
But this isn't just headcount expansion or simply rising prices, it's a mix of factors including:
- SaaS inflation pushes marketplace prices higher
- Inefficient procurement processes artificially inflating prices
- Poor tech stack and data visibility limiting negotiation power
Having a clear grasp over what is causing SaaS spend per employee to rise at your business can not only help you spot opportunities to find savings, but align your software spending with wider growth plans, and budget for IT better.
The elephant in the room - why SaaS inflation matters
SaaS inflation sits at a consistently much higher rate than other market inflation indexes, including the CPI. But why?
The majority of vendors (58%) consistently increase their prices for largely the same technology. How do they do this?
- Obscured public pricing makes it difficult for customers to know what is a fair price without extensive price benchmarks
- Price increases are combined with a reduction in standard features (SaaS shrinkflation), so you need to spend more to maintain the status quo
- SaaS is not beholden to normal consumer inflation rules, and so can be more easily dictated by those in the market.
Combatting the effects of SaaS inflation on your tech stack is a crucial way to bring. your software spend under control. With extensive industry pricing data and benchmarks, expert negotiation processes and a clear grasp of how you balance financial restrictions with SaaS usage needs, you can buck the trend.
Unlock the CFO's Guide to Making Your SaaS Spend More Efficient in 6 Months.
Getting your software spend under control has never been more important against today's economic uncertainty. This guide for CFOs give you the intel and data you need to identify warning signs of spiraling costs in your company, and proven strategies to regain control and implement fixes that protect you into the future.