Once positioned to reduce the overall software spend, SaaS has become one of the highest spend categories for companies. A company could use as many as 1600 apps across the software categories. The spend might even be more for software companies that are buying someone else’s software to manage their own infrastructure. Industrial companies might struggle to understand why building custom software might not be the smartest idea because of the amount of software required to manage the software infrastructure.
In today's episode, our guest, Indus Khaitan, discusses the strategies for centralizing and controlling SaaS spend. He also discusses the difference between other similar technologies such as P-card, corporate credit cards, and the technology he developed. Finally, he discusses other features, such as why it's important to control the spend before it actually occurs and blacklisting the spend categories.
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