Intelligent Fin.tech Issue 06 | Page 21

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That ’ s great for adoption and ease of access , but it ’ s also a recipe for overspending . Cloud instances – that become abandoned – can keep racking up charges for underlying compute , network and storage resources . Effective process automation capabilities add much-needed control and optimisation of SaaS , software and cloud investments .”
Key findings included :
• Only half of the respondents lost at least 10 % of their annual expenditures on software and SaaS applications , with 17 % losing at least 20 %.
• Over half of the respondents ( 53 %) reported spending more than 10 % of their annual budget on underused , unmanaged or unaccounted for cloud resources ; 19 % wasted at least 20 %.
• The majority ( 63 %) reported that their organisation experienced unplanned cloud and SaaS expenditures and issues with varying workflow automation maturity .
• Only 29 % of respondents felt that their organisation had mature process automation for software , SaaS and cloud spend governance .
“ IT leaders must reduce spend and optimise resource use to survive the current macroeconomic climate ,” added Arthur Lozinski , CEO and Co-founder of Oomnitza . “ This research serves to offer greater insight into quantifying the amount of software , SaaS and cloud expenditure waste . It also underscores the need for enterprises to mature and expand their IT process automation capabilities to improve operational efficiencies . We ’ re living in an era where IT has to do more with less and that cannot be accomplished with manual ticket-based processes .” � infrastructure reclamation and optimization expenditures and issues with varying automation maturity processes to manage SaaS applications and cloud infrastructure
SaaS Management Process Automation From Discovery to Optimization
Automate software / SaaS lifecycle processes to improve utilization , reduce security exposures and eliminate wasteful spend .
Discover Classify Govern Manage Optimize
• Discover managed and unmanaged SaaS apps
• Compile list of current employees and contractors
• Identify users assigned to various applications
Discover
• Categorize apps by functions , business units , etc .
• Understand user roles , licenses and contract assignments
• Compile usage patterns and user access metrics
Classify
• Enforce security policies for apps containing PII
• Track adherence to SOC 2 and other audit mandates
• Ensure license compliance to avoid over-provisioning
Govern
• Automate workflows for onboarding , offboarding and moves
• Automate reassignment and migration of app data & workspaces
• Provision optional apps based on user requests
Manage
• Reclaim and reassign orphaned licenses and inactive users
• Track utilization for accurate forecasting and procurement
• Eliminate unused and redundant licenses , rightsize renewals
Optimize
Oomnitza automates software and SaaS management processes 4
Before Oomnitza With Oomnitza
70 % 73 % of customers struggled with time-consuming , manual processes for managing technology of customers realized value from their Oomnitza investment in less than 9 months
1 . YouGov / Oomnitza 2023 Snapshot Survey : Software , SaaS and Cloud Spend Optimization & Automation 2 . Gartner , Market Guide for SaaS Management Platforms , December 2022 , by Dan Wilson Et Al 3 . Gartner , How Cloud Adoption Will Increase Opex Budgets , May 2022 , by Chris Ganly and Michael Warrilow 4 . TechValidate survey of Oomnitza users , October 2022 GARTNER is a registered trademark and service mark of Gartner , Inc . and / or its affiliates in the U . S . and internationally and is used here in with permission . All rights reserved .
To learn more about how to optimize software and SaaS , visit www . oomnitza . com / solutions / software-saas-management /
© 2023 Oomnitza Inc . All rights reserved .
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