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Runaway cloud spending frustrates finance execs: Vertice

Finance leaders are almost three times as likely to be concerned about cloud costs than their tech peers, and more than twice as likely to be worried about cloud visibility, a Vertice study found.
By Alexei Alexis, CFO Dive
Sep 26, 2023
undefined min read
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Software inflation surpasses UK consumer inflation in 2023
Software inflation in 2023 has outpaced UK consumer inflation for the first time, hitting a high of 8.7%. This data was reported by Vertice, the SaaS and cloud spend optimization platform, and significantly exceeds the UK’s Consumer Price Index (CPI) inflation, which is at 6.7%.
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Cloud costs increase amid SaaS pricing hikes
Vertice, which provides a cloud and SaaS cost optimization platform, pegged the 2023 SaaS inflation rate at 8.7%. The company's annual SaaS Inflation Index, published this week, noted that nearly three-quarters of software vendors raised prices over the past 12 months.