Managing SaaS Cost: A Growing Challenge for Businesses

As companies increasingly adopt multiple SaaS applications, keeping track of all software usage can become a daunting task. IT teams are often overwhelmed by the responsibility of managing numerous licenses, leading to inefficiencies and potential security risks. Having clear visibility into what software is in use, how much it costs, and whether it meets the organization's needs is critical. Welii offers one solution to tackle this challenge. This article looks into their offering and what additional issues should be adressed around this topic.

1. Cost Optimization: Managing SaaS Expenses Effectively

Welii helps organizations manage their software portfolios by a special approach to cost optimization.

Welii is focusing primarily on procurement optimization and renegotiation. It actively helps companies negotiate better terms and lower prices for their SaaS contracts. Renegotiation is difficult for many companies as they lack data and benchmarks to know what pricing can be expected or if they might be overpaying. Outsourcing can be an efficient way to get closer to the By offering tools that analyze spending patterns and market benchmarks, Welii empowers teams to secure more favourable deals. Companies can profit from the past experiences of other companies to put their own spending in perspective and identify room for savings.

2. Enhancing Efficiency through Automation and Integrations

Automation plays a crucial role for the platforms. Welii automates the procurement process itself. It simplifies the steps required for contract renewals and negotiations, enabling finance teams to handle SaaS expenditures more effectively. By integrating seamlessly with financial and procurement systems, Welii ensures that all relevant data is at the users’ fingertips for timely decision-making. For instance, companies using Spendesk can leverage this data to discover savings potential.

Beyond that, there are useful helpers like an automated renewal reminder so negotiations or cancellations can be started early enough. Goodbye to accidental renewals because the date was forgotten and the new annual subscription was already charged to the company credit card!

3. Pricing by Welii

Welii offers an annual pricing model based on the annual SaaS spend of the company. The higher the SaaS spend, the higher the potential savings and with it the price for the solution. Weli promises a Return on Investment that is always positive compared to the cost of their own solution.

4. The potential of automated SaaS Management

While Welii offers doubtless significant benefits, one could argue that it only covers the first part of the equation. Manually renegotiations can help to cut cost in the short-term but it leaves out long-term potential on better handling software licences. Welii lacks real-time data on software usage that can be leveraged to optimise the software stack.

Corma addresses this challenge by providing comprehensive insights into all applications used within an organization. Its platform enables IT teams to monitor software usage effectively, ensuring that they can quickly identify underused licenses and automate access management processes.

Beyond that, unnecessary SaaS spending also comes from unused or abandoned subscriptions. With Corma it has never been easier to detect unused SaaS apps. Corma’s platform automates user provisioning and identity access management, allowing IT teams to manage software licenses with minimal manual intervention. This enhances operational efficiency, ensuring that employees have the tools they need without excessive oversight.

Welii focuses on procurement visibility, helping finance and procurement teams understand their software spending by performing negotiations for their clients. Corma emphasizes that it does not renegotiate contracts directly. Instead, it provides valuable insights into market prices, allowing companies to understand what they are paying compared to industry standards. This information equips businesses with the data needed to make informed decisions during contract negotiations and to identify potential savings.

Overall, while Corma and Welii operate in the same field, they have a vastly different value proposition that addresses different outcomes that even leaves room to complement one another. To outsource the renegotiation of large contracts, Welii offers a clear Return on Investment while Corma is rather the daily helper for efficient IT Operations for the long-term management of all software licences and subscriptions.

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