{"id":4362,"date":"2023-04-27T10:52:00","date_gmt":"2023-04-27T17:52:00","guid":{"rendered":"https:\/\/www.golinks.com\/blog\/?p=4362"},"modified":"2024-10-01T12:17:48","modified_gmt":"2024-10-01T19:17:48","slug":"balancing-cost-growth-saas-budget-planning-tips-for-uncertain-times","status":"publish","type":"post","link":"https:\/\/www.golinks.com\/blog\/balancing-cost-growth-saas-budget-planning-tips-for-uncertain-times\/","title":{"rendered":"Balancing Cost &#038; Growth: SaaS Budget Planning Tips for Uncertain Times"},"content":{"rendered":"\n<p>When the Covid-19 pandemic forced organizations to shift to a remote workforce, there was tremendous growth in SaaS usage to support a growing body of remote and hybrid employees. However, the current recession is creating a lot of economic uncertainty, causing more organizations to pare back their SaaS budgets.&nbsp;<\/p>\n\n\n\n<p>Companies reportedly waste up to <a href=\"https:\/\/productiv.com\/blog\/what-are-redundant-apps-and-how-can-you-spot-them-using-productiv\/\" target=\"_blank\" rel=\"noreferrer noopener\">35% of their cloud and software spend,<\/a> with redundant apps making up a significant portion of wasted funds. Having the right software and tools is critical for growth, but it\u2019s important to balance that growth with smart budgeting, especially during uncertain economic times.&nbsp;<\/p>\n\n\n\n<p>The key to better SaaS budgeting is understanding your SaaS usage, accounting for the right tools in your budget planning, and prioritizing the tools your team needs most.&nbsp;<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-understanding-your-saas-usage\">Understanding your SaaS usage<\/h2>\n\n\n\n<p>On average, companies have <a href=\"https:\/\/productiv.com\/wp-content\/uploads\/2022\/01\/productiv-the-state-of-saas-sprawl-ebook.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">over 250 apps<\/a> in their tech stacks, but use <a href=\"https:\/\/productiv.com\/wp-content\/uploads\/2022\/01\/productiv-the-state-of-saas-sprawl-ebook.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">less than half<\/a> of them regularly. It can be difficult to know which apps are essential and which ones are redundant without understanding how your team is using them. That\u2019s where SaaS usage tracking comes in.&nbsp;<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"417\" src=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092603\/stat1-1-1024x417.png\" alt=\"The average company has over 250 apps but uses less than half regularly. \" class=\"wp-image-4466\" srcset=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092603\/stat1-1-1024x417.png 1024w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092603\/stat1-1-300x122.png 300w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092603\/stat1-1-768x313.png 768w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092603\/stat1-1-40x16.png 40w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092603\/stat1-1.png 1340w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Tracking your team\u2019s SaaS usage helps you:<\/p>\n\n\n\n<ul>\n<li>Understand how your team uses your tools<\/li>\n\n\n\n<li>Avoid unnecessary spending<\/li>\n\n\n\n<li>Consolidate your tech stack<\/li>\n\n\n\n<li>Create more efficient processes<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-use-golinks-to-track-saas-usage\">Use GoLinks to track SaaS usage<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.golinks.com\/blog\/saas-spend-management-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">GoLinks can help you optimize your tech stack<\/a> with visibility into your teams\u2019 app usage with trackable, short links to all of your tools and software platforms. With GoLinks\u2019 analytics platform, you can see which tools your team uses most.&nbsp;<\/p>\n\n\n\n<p>More importantly, you can easily scan which tools aren\u2019t being used within your organization. For tools with low usage, pay attention to who is using them. Some tools may be essential for smaller teams, even if they aren&#8217;t being utilized company wide. With GoLinks analytics, you can explore app usage by role to quickly see what teams are utilizing different tools.&nbsp;<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"659\" src=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092713\/golinks-analytics-1024x659.png\" alt=\"GoLinks: SaaS Budget Planning Software \" class=\"wp-image-4467\" srcset=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092713\/golinks-analytics-1024x659.png 1024w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092713\/golinks-analytics-300x193.png 300w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092713\/golinks-analytics-768x494.png 768w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092713\/golinks-analytics-40x26.png 40w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/04\/20092713\/golinks-analytics.png 1340w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Using GoLinks to track your SaaS usage can help <a href=\"https:\/\/www.golinks.com\/blog\/revenue-leakage-causes\/\" target=\"_blank\" rel=\"noreferrer noopener\">reduce unnecessary spend and revenue leakage<\/a>. The two major causes of revenue leakage are productivity loss and unnecessary SaaS spend. GoLinks helps with both, by saving your team time searching for tools and information and providing detailed visibility into your tech stack usage.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.golinks.com\/blog\/revenue-leakage-causes\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"176\" src=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/11\/08093613\/Revenue-Leakage-banner-1024x176.png\" alt=\"2 major issues causing revenue leakage within your company\" class=\"wp-image-5939\" srcset=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/11\/08093613\/Revenue-Leakage-banner-1024x176.png 1024w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/11\/08093613\/Revenue-Leakage-banner-300x51.png 300w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/11\/08093613\/Revenue-Leakage-banner-768x132.png 768w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/11\/08093613\/Revenue-Leakage-banner-40x7.png 40w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/11\/08093613\/Revenue-Leakage-banner.png 1340w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tips-for-saas-budget-planning\">Tips for SaaS Budget Planning<\/h2>\n\n\n\n<p>If the uncertainty of the current economic climate is making you think twice about your SaaS budget, you\u2019re not alone. The good news is, there are a few steps you can take to consolidate your tech stack and make the most out of your SaaS budget moving forward.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-conduct-a-saas-audit\">Conduct a SaaS audit.&nbsp;<\/h3>\n\n\n\n<p>Take a close look at your tech stack to identify redundant or underused tools. Are there isolated teams using different tools that do the same thing? Are you using tools that integrate with each other? Gather as much information as you can about what tools are in your tech stack and how your team is using them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-negotiate-contracts-with-your-vendors\">Negotiate contracts with your vendors.&nbsp;<\/h3>\n\n\n\n<p>Reach out to your SaaS vendors to see if there are smaller subscriptions available to meet your needs. You may be able to secure better pricing and terms on the tools you\u2019re currently using.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-prioritize-essential-tools-and-services\">Prioritize essential tools and services.&nbsp;<\/h3>\n\n\n\n<p>There are tons of tools available, but not all of them are essential to your team\u2019s functions. Prioritize the tools your team needs in order to do their jobs effectively and efficiently.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-maximize-tool-utilization\">Maximize tool utilization.&nbsp;<\/h3>\n\n\n\n<p>If you\u2019re investing in incredible tools, but your team isn\u2019t using them to their fullest extent, allocate resources for training and onboarding. This ensures that your team is fully utilizing your tech stack and improves process consistency across teams.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/4486639.fs1.hubspotusercontent-na1.net\/hubfs\/4486639\/GoLinks_SaaSManagement_Ebook%20(1).pdf?utm_source=blog&amp;utm_medium=blog&amp;utm_campaign=saas-budget-planning-tips&amp;utm_content=ebook\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"176\" src=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/06\/27073622\/Ebook-Banner-Image-2-1024x176.png\" alt=\"SaaS Spend Management Ebook\" class=\"wp-image-4720\" srcset=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/06\/27073622\/Ebook-Banner-Image-2-1024x176.png 1024w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/06\/27073622\/Ebook-Banner-Image-2-300x51.png 300w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/06\/27073622\/Ebook-Banner-Image-2-768x132.png 768w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/06\/27073622\/Ebook-Banner-Image-2-40x7.png 40w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2023\/06\/27073622\/Ebook-Banner-Image-2.png 1340w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tools-for-saas-budget-planning\">Tools for SaaS Budget Planning<\/h2>\n\n\n\n<p>While it may seem counterintuitive to recommend more SaaS tools while you\u2019re paring back your tech stack, these four tools can help you plan a lean SaaS budget and get the biggest bang for your buck.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-golinks\">GoLinks<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.golinks.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">GoLinks<\/a> allows you to track SaaS usage in our analytics dashboard, giving you visibility into your entire tech stack to help you consolidate, prioritize, and reduce spend. This tool also helps you boost productivity and save time with easier workflows.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cloudability-saas\">Cloudability SaaS<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.apptio.com\/products\/cloudability-saas\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cloudability SaaS<\/a> helps you understand, manage, and optimize your SaaS portfolio, enabling your team to make data-driven investment decisions without disrupting business performance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-maxio\">Maxio<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.maxio.com\/saasoptics\" target=\"_blank\" rel=\"noreferrer noopener\">Maxio, formerly SaaSOptics<\/a>, is a financial operations platform that enables B2B SaaS teams to calculate revenue and manage SaaS subscriptions and billing.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-chartmogul\">ChartMogul<\/h3>\n\n\n\n<p><a href=\"https:\/\/chartmogul.com\/subscription-analytics\/\" target=\"_blank\" rel=\"noreferrer noopener\">ChartMogul\u2019s analytics platform<\/a> calculates all of your core SaaS metrics by importing, cleaning, and analyzing data from your billing sources to help you forecast SaaS revenue.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-gain-saas-usage-visibility-with-golinks\">Gain SaaS usage visibility with GoLinks<\/h2>\n\n\n\n<p>Your team needs SaaS tools in order for your company to grow, but uncertainty in the economy requires a more agile approach to SaaS budget planning. GoLinks is a powerful tool to help you track SaaS usage and reduce unnecessary spend. <a href=\"https:\/\/www.golinks.io\/sales.php?utm_source=blog&amp;utm_medium=blog&amp;utm_campaign=saas-budget-planning&amp;utm_content=demo\" target=\"_blank\" rel=\"noreferrer noopener\">Schedule a demo today<\/a> to learn more.&nbsp;<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"row bg-dark rounded p-3 my-1\">\n<div class=\"col col-12 col-md-8 my-auto\">\n<h4 class=\"wp-block-heading text-white\" id=\"h-access-and-share-resources-instantly-with-golinks\">Access and share resources instantly with GoLinks<\/h4>\n\n\n\n<a class=\"btn btn-primary\" href=\"https:\/\/www.golinks.io\/sales.php?utm_source=blog&amp;utm_medium=blog&amp;utm_campaign=blog-cta&amp;utm_content=demo\" role=\"button\">Schedule a demo<\/a>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"col col-12 col-md-4\">\n<figure class=\"wp-block-image size-full rounded my-auto\"><img decoding=\"async\" loading=\"lazy\" width=\"624\" height=\"448\" src=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2024\/09\/25102826\/golinks_blog_footer_cta_2x_2x-1.webp\" alt=\"\" class=\"wp-image-6957\" srcset=\"https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2024\/09\/25102826\/golinks_blog_footer_cta_2x_2x-1.webp 624w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2024\/09\/25102826\/golinks_blog_footer_cta_2x_2x-1-300x215.webp 300w, https:\/\/images.golinks.io\/blog\/wp-content\/uploads\/2024\/09\/25102826\/golinks_blog_footer_cta_2x_2x-1-40x29.webp 40w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><\/figure>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If the current economic climate is making you think twice about your SaaS budget, you\u2019re not alone. Here are a few steps you can take.<\/p>\n","protected":false},"author":2,"featured_media":4469,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[118],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.1.2 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Balancing Cost &amp; Growth: SaaS Budget Planning Tips for Uncertain Times<\/title>\n<meta name=\"description\" content=\"If the current economic climate is making you think twice about your SaaS budget, you\u2019re not alone. 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