{"id":3890,"date":"2023-02-09T08:07:55","date_gmt":"2023-02-09T16:07:55","guid":{"rendered":"https:\/\/www.golinks.com\/blog\/?p=3890"},"modified":"2024-10-16T23:49:08","modified_gmt":"2024-10-17T06:49:08","slug":"saas-spend-management-software","status":"publish","type":"post","link":"https:\/\/www.golinks.com\/blog\/saas-spend-management-software\/","title":{"rendered":"Optimize Your Tech Stack in 2025 with SaaS Spend Management Software"},"content":{"rendered":"\n

Companies today largely run their businesses in the cloud \u2014 and for good reason. Specialized apps and tools make it easier for teams to get their work done efficiently and affordably.<\/p>\n\n\n\n

However, all this app usage comes at a cost.<\/p>\n\n\n\n

Most departments now use 40 to 60 tools each, with over 250 apps<\/a> used company-wide. Yet less than half<\/a> of the app licenses in a company\u2019s SaaS portfolio are used regularly.<\/p>\n\n\n\n

These low levels of app engagement are a large contributor to revenue leakage<\/a>. When companies pay for SaaS tools that employees don\u2019t use, they overspend on tech \u2014 to the tune of $135,000 a year<\/a>, on average \u2014 and overcrowd employees\u2019 work processes, leading to hours of lost productivity<\/a> each week.<\/p>\n\n\n\n

Fortunately, monitoring your teams\u2019 SaaS usage can help you reign in your software spending, cut down on unnecessary tools, and streamline teams\u2019 work processes. Below, we\u2019ll dive into the benefits of optimizing your tech stack, and how you can use software to easily audit, improve, and maintain your tech stack.<\/p>\n\n\n\n

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The benefits of an optimized tech stack<\/h2>\n\n\n\n

More companies than ever are paying close attention to their spending. Optimizing your tech stack can cut down on company expenses by improving employee productivity and reducing SaaS spend.<\/p>\n\n\n\n

Improved employee productivity<\/h3>\n\n\n\n

Just like Goldilocks, companies need to walk a fine line when it comes to using SaaS to improve employee productivity. Too few tools, and your employees will waste time carrying out tasks that could have been automated, repeating their work, and entering data manually. Too many tools, and they\u2019ll struggle with context switching and keeping track of information across platforms.<\/p>\n\n\n\n

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The average employee spends 59 minutes a day<\/a> trying to find information lost in a maze of apps. Nearly 70% of employees say that finding the information they need to do their job is time-consuming, and many report needing to interrupt at least two coworkers \u2014 up to five times a day \u2014 to find the information they need. All of that lost productivity adds up.<\/p>\n\n\n\n

When you streamline your tech stack, you cut down on this wasted time. Optimizing your company\u2019s tech tools means only<\/em> using platforms that the majority of your employees find value in. That way, employees know exactly where to find information, data remains centralized, and nobody spends time redoing work because they don\u2019t know where to find it.<\/p>\n\n\n\n

Reduced SaaS spend<\/h3>\n\n\n\n

Compared to the massive layoffs currently dominating the news, saving money by optimizing your tech stack may seem like small potatoes. But in reality, wasted and underutilized SaaS costs companies an estimated $7M to $40M<\/a> a year.<\/p>\n\n\n\n

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Your company may not even be aware of how much of your SaaS budget is being wasted each year. Usually, if you\u2019re not tracking your teams\u2019 SaaS usage, it can be hard to tell. But when you begin to track app usage, you\u2019ll quickly become aware of:<\/p>\n\n\n\n