Companies are using more SaaS apps than ever. Gartner, Inc. predicts that surging worldwide SaaS revenue is on target to reach $113.1 billion by 2021.1 While SaaS expenses once represented a small fraction of software spending, Gartner forecasts that SaaS apps will account for 45% of overall software spend by 2021.2
SaaS is quickly becoming the new norm. And SaaS software and vendor management is quickly becoming the new challenge as enterprises struggle to navigate this uncharted territory.
IT, IT procurement, IT finance, and other internal stakeholders, along with external stakeholders such as IT vendors, are attempting to cope by applying traditional on-premise software asset management best practices to SaaS management. This approach, however, misses the mark. For example, a major objective of traditional software asset management is to ensure license compliance. But noncompliance is not an issue with SaaS.
Flexera’s Practical SaaS Management Handbook will help you tackle the new challenges: