“Through 2027, organizations that fail to attain centralized visibility and coordinate SaaS life cycles will overspend on SaaS by at least 25% due to unused entitlements and unnecessary, overlapping tools”1, according to a new report from Gartner.
Our data from the 2024 State of ITAM Report confirms a similar pattern of overspend. The use of SaaS applications has exploded as has the potential risk of overspending, security vulnerabilities, disjointed IT operations and more. SaaS Management Platforms (SMPs) can significantly benefit those looking to manage the relentless SaaS application sprawl plaguing organizations today.
We’re honored that Flexera (Snow Software) was recognized as a Challenger in the- Gartner® Magic Quadrant™ for SaaS Management Platforms1. We believe this is an important milestone for our fourth-generation SaaS management platform, released just last year. The evaluation was based on the company’s overall Completeness of Vision and Ability to Execute.
At Flexera, we’ve seen firsthand the most successful SaaS management programs leverage usage data to understand what SaaS applications are running, who is using them and how often. Making intelligent decisions about your application investments and how these play into your larger technology ecosystem is essential for driving positive business outcomes.
Flexera’s AI-enabled SaaS management solutions provide comprehensive control over SaaS usage and spending, helping organizations efficiently manage their SaaS application portfolios. With Flexera’s SaaS management solutions, you can:
- Discover and manage 25,000 sanctioned, unsanctioned, paid and free applications.
- Reduce and rationalize duplicate or unneeded applications within your environment.
- Monitor and manage SaaS spend with value-based insights on usage data.
- Identify generative AI applications (like ChatGPT) in use.
- Manage complex hybrid enterprise applications like Microsoft 365 and Adobe Creative Cloud, and identify opportunities to downgrade from more expensive premium bundles based on usage.
- Find use of shadow SaaS (unauthorized free or paid applications or applications not yet vetted by IT Security).
- Optimize SaaS application renewals with usage insights.
- Apply automation to improve governance of SaaS management policies.
- Address global data residency needs and comply with global, regional or local licensing.
For today’s enterprises, the ability to manage all technology investments including SaaS and cloud licensing is even more critical than ever and is a key tenant within the FinOps Foundation framework. Flexera is one of the only vendors listed in the market that can pair a SaaS management program with a holistic view of software, hardware and FinOps/cloud management.
We believe in the convergence of ITAM and FinOps, and SaaS is a critical component within that alliance. Both disciplines incorporate SaaS management into their scopes, presenting a huge opportunity for collaboration, as organizations look to tackle spend and risk management across their entire IT environment.
With the recent acquisition of Snow Software, Flexera will bring together our SaaS management offerings to build the most complete SaaS Management solution in market. We’re excited about our path forward in SaaS management– the best is yet to come.
A complimentary copy of the Gartner Magic Quadrant for SaaS Management Platforms is available here. Or learn more about Flexera’s SaaS Management solutions: Snow SaaS Management and Flexera One SaaS Management.
1 Source: Gartner Magic Quadrant for SaaS Management Platforms, Tom Cipolla, Dan Wilson, Ron Blair, Jaswant Kalay, Yolanda Harris,22 July 2024.
2 Gartner Disclaimer: GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
