Category: SaaS Management

We’ve got some HUGE news to share! Today we launch our one-of-a-kind SaaS Payment management product. For the first time, finance managers will have the power to optimize their SaaS spend with actionable insights that provides total visibility & understanding of their company’s SaaS, at any given moment.

Spend management software can go a long way to improve transparency and accountability. You can also cut costs and create more opportunities for saving money. In addition, you can maximize value from your suppliers and also ensure timely payment. Best of all, you can save time and effort by eliminating repetitive tasks.

Businesses can choose from a variety of spend management tools available in the market. However, how do you ensure you are selecting the best?

Here are a few tips to help you find the right software for your needs.

What is OCR?

OCR, or Optical Character Recognition, in simple terms is making the move from paper to digital. With OCR technology, any scanned document or image containing text will be converted into a digital format. Many companies use OCR as a way to manage large amounts of documents electronically, enabling these forms to be more searchable, easier to store and not to mention –  better for the environment, a nice bonus!
The idea for OCR was originally conceived back in the 1870’s. However, it only came to fruition in the late 1920’s where it was used to interpret Morse code and read text out loud, while later on it was used to facilitate scanning images of text.

COVID-19 has created a new norm of working from home. According to a survey, 74% of professionals agree that remote working is the new normal. Employers share the same view, with 76% of entrepreneurs conforming to the new norm of working from home. Fortunately, we now have ample SaaS tools on a subscription basis to facilitate remote work.

From project management to storing passwords, here are the top 10 SaaS tools to excel at remote working in 2021:

A recent PwC survey states that 42% of CFOs are worried about the financial impacts of COVID-19. More financial leaders are now maintaining a positive outlook on their finance operations, as we are slowly emerging from a global pandemic. The fight is not over yet, as 59% of CFOs are concerned about a new wave of the coronavirus, which is already claiming victims in many countries.

Yet, a business must go on; and many financial heads are now taking on the long-due process of optimizing their finance operations.

Some organizations are ahead of others in the race, but everyone can catch up by being proactive. Here are a few tips to optimize and prepare your finance operations for growth in the coming months.

Whether it’s IT or marketing, almost every department incurs regular expenses. From SaaS payments to advertising costs, you can quickly lose track of where your money is going. Worst of all, many businesses are still operating in silos and relying on manual methods to track expenses.

Inaccurate data, lack of awareness, inefficiencies- a long list of cons come with traditional expense tracking methods. Shifting to a modern approach and adopting spend management software can boost productivity and put you in control of your budget.

Let’s explore why a spend management solution is the way ahead for businesses.

A company’s website is more often than not the key gateway to their customers. When running a website there are lots of administrative, tech and design tasks to complete. Unsurprisingly, renewing your domain name when the time comes doesn’t always appear at the front of your to-do list.

However, what happens when one day a customer searching for your trusted domain in hope of finding the service or goods associated with your brand, are shocked to find, well, an unrelated product they weren’t quite looking for? This funny sounding scenario is an all too real problem as these companies found out in a costly and embarrassing fashion.

SaaS tools help streamline your business’s operations. Instead of developing internal tools to help run your business, many pay for ready-made software which they adapt and integrate into the workplace. From Slack to Zendesk, these software products quickly become a vital component in your business’s day-to-day affairs. It has never been more important to keep track of and protect your SaaS subscriptions.

Many businesses are unknowingly losing revenue every month by overlooking the thousands of dollars they spend on SaaS payments. As your team incorporates more software as a service (SaaS) into the workplace, it becomes increasingly difficult to manage the subscriptions, putting your business operations at risk. This is exactly what Subscription Management tools meant to solve.