Diving Brief:

• According Snow software data.
• More than 2 in 5 IT managers disputed that employees add new SaaS apps without notifying IT and struggle to manage SaaS app security. Limiting the number of duplicate SaaS applications and identifying configuration issues were other top challenges for 2 in 5 IT managers, according to the report.
• More than half of IT managers said that if budget, resources and time weren’t a factor, they would implement SaaS application purchasing training for all employees responsible for purchasing, according to the report that surveyed 1,000 IT managers from large organizations with 500 or more employees in the US and UK

Overview of the dive:

As the impacts of record inflation reduce corporate purchasing power, CIOs must do more with less. On top of that, many companies struggle to control application redundancy, unnecessary expense, and complexity of the expansion of enterprise SaaS applications.

As companies struggle to find the best way to meet these challenges, the growing number of enterprise SaaS applications is bringing increased security concerns.

Many CIOs optimize their software spend by rework supplier contracts. More than half of IT managers said their organization doesn’t track SaaS usage to align contracts with software needs, according to a Flexera reportwhich surveyed 500 IT managers.

By coming to the table with economic index data, earnings call statements, and other materials, CIOs have the foundation to fight back if IT vendors raise prices opportunistically.

Some companies have implemented software asset management teams to avoid buying new software licenses by reusing existing ones. The adoption of such teams could produce more visibility and awareness of SaaS applications for IT teams and their leaders if used correctly.