PwC’s recent industry benchmark report suggests that igniting growth must increasingly define effective finance departments. This transition recognizes the ‘soft power of the CFO’ and is part of a necessary maturing of the finance role beyond simply score-keeping, governance and controls.

Cleanshelf is pleased to announce the publishing of its annual The State of Business’ SaaS Spend 2018 infographic. For the third year in a row we compiled anonymous customer and services data to identify key industry trends and benchmarks in business' SaaS spend.

Once solely focused on reporting business results, today’s CFOs are emphasizing driving business results; increasingly becoming active partners in determining a business’s future. This shift was explored by Quora CFO Kelly Battles in a session at February’s SaaStr Annual Conference.

Unmanaged software spending comprises more than 50% of corporate technology spend today and 72% of executives don’t know how many “shadow” software applications are being used within their organization. While these statistics are terrifying to business and technology leaders, consider also the innovation and improvement that ambitious individuals and teams get by having access to the best tools to do their job.

Talent concerns have been at the top of CFOs’ most worrisome risk lists for years. CFOs need to lead in maximizing the potential of people, their greatest assets, by supporting the application of innovation, collaboration and productivity enhancing tools.

Last month Amalgam Insights hosted, Key Vendors for Managing $40+ Billion in SaaS Costs, a webinar highlighting industry findings around growing SaaS spend.

The 2017 version of the infographic on the state of business' SaaS spend based on the anonymised data of Cleanshelf customers and information found online.

Curious how much other companies like yours spend on SaaS? We analyzed the data of our customers (anonymously of course) and information found online. The result is an infographic and some intriguing insight.