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.

Unlike anywhere else across our economy, the cost of software has soared. How can businesses ensure they are leveraging the right tools for the job while avoiding hidden, unexpected and rising costs?

The current state of affairs paints a concerning picture for SaaS buyers. These would be worrying figures in any economy, but for CFOs attempting to drive growth during an economic downturn, soaring software costs should be ringing alarm bells.

Joel Windels, VP of marketing at SaaS management tool Vertice, tells Sifted that while sales and marketing platforms are growing fast, many companies are now also renegotiating contracts with software providers as they try to cut costs.