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Ajay Ramamoorthy 2 min

What is SaaS Spend Optimization?


In this episode, Jimmy Hallsworth(VP of Procurement Strategy, Spendflo) gives us an overview of what SaaS Spend Optimizaiton is and the fundamentals involved.



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Welcome to SAS Bend Optimization 101.

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I'm Jimmy Hallsworth, VP of the German Strategy at Spendflow.

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And to this series, we'll unravel the complexities

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of optimizing your SAS expenditures.

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Today, we kick things off with a fundamental question.

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What is SAS Bend Optimization?

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In the startup landscape, software as a service,

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or SAS, is the bedrock upon which operational excellence

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is built.

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But here's the catch.

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Software is in free.

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And the way you manage your SAS subscriptions

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affects your bottom line.

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SAS Bend Optimization is about getting the most out

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of your software investments while minimizing waste.

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It largely has to do with strategically managing

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your SAS subscriptions to ensure you're not overspending

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or underutilizing resources.

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Now, how does this work?

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SAS Bend Optimization involves several key steps.

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First, discovery.

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You need to identify all your SAS subscriptions.

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This might be trickier than it sounds,

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as different departments often sign up for their own tools.

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It's like being a detective, searching

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for all the software tools hidden throughout the organization.

1:00

Once you have a comprehensive list,

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it's time to dig deep, analyze each subscription

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to understand its costs, usage, and relevance

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to your business.

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Second, rationalization.

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Not all subscriptions are created equal.

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Some might be redundant, outdated, or simply unnecessary.

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It's time to trim the excess and streamline

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your software portfolio.

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Picture it as decluttering your workspace

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for improved productivity.

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Third, negotiation.

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Don't forget that you can often negotiate better deals

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with SAS vendors.

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It's akin to haggling for a better gas price at the car.

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This step can significantly impact your bottom line.

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Fourth, implementation.

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Finally, put your optimization plan into action.

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This involves monitoring usage, enforcing policies,

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and ensuring everyone is on board with a new software

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strategy.

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It's like driving your newly-tuned car

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with care to maintain that fuel efficiency in a nutshell.

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SAS-Spend Optimization is the art of managing your software

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subscriptions intelligently to save money,

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enhance productivity, and drive your business forward.

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Join us in this series as we dive deeper into each of these steps

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and uncovering the strategies and tools

2:07

that can help you become a SAS-Spend Optimization

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Pro.

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Stay tuned for more valuable insights.

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