The fallout from COVID-19 related job loss is already devastating. CNBC reports that what’s coming will be even more challenging. The White House reportedly asked state officials to delay releasing precise unemployment counts.
While the U.S. job market outlook is bleak, companies are fighting back. Though battered and bruised by store closures, halted deals and cash flow issues, leaders are finding new and creative ways to stay financially sound.
We at Cleanshelf hear your message of hopefulness, determination and resolve loud and clear. To help CFOs, CIOs and other executive leaders contend with major headcount moves, our team has put together a Guide to Software Cost Optimization in a Shrinking Job Market.
Even in the best times, companies lose track of software spend. We’ve partnered with companies ranging from growth startups to Fortune 500 multinationals that are flooded with redundant licenses, partially used subscriptions and duplicative applications. When compounded with staff exits, these problems grow since for every staff member that leaves, there remains expensive SaaS apps with access to corporate and personal data left unattended.
In this guide, we address leading reasons why clients deprovision their licenses as part of their software cost optimization strategy. For each, we share the likely savings opportunities based on our clients’ experiences. As well, we outline five steps to slow a SaaS-induced cash drain:
- Implement a ban on buying cloud apps and additional software licences
- Identify SaaS contracts renewing in the next 1-3 months
- Select services for immediate/early deprovisioning
- Deprovision software licences of people no longer with the company
- Analyze subscription flexibility
We realize that time is of the essence. That’s why we don’t recommend some laborious process that requires systems overhaul and stakeholder cajoling. Simply, we share key cash-saving and security-enhancing steps that can be implemented quickly and with very little effort while delivering substantial cash relief to companies battered by the current crisis.
At Cleanshelf we stand ready to help.
Cleanshelf is the leading enterprise SaaS management platform focused on tracking, controlling, and benchmarking SaaS applications. Their SOC 2-compliant and AI-powered technology helps companies save up to 30% on their SaaS spending by automatically identifying unmanaged contracts, duplicate licenses, and wasted cloud software subscriptions. Based in San Francisco, Cleanshelf provides an enterprise-grade solution to over a hundred clients, including Hilton, Looker, and CoStar Group.