It helps organizations streamline their expense management process and gain greater control over their spending. The key features include real-time tracking, automated reporting, fraud detection, and integration with accounting systems.
SaaS renewal is a crucial part of SaaS vendor management, and it comes under SaaS governance. However, manual renewals can also take weeks if renegotiation is required; hence it is necessary to be prepared.
The tools streamline the renewal process and support the IT teams to avoid surprises. Moreover, they give you a window to plan for negotiation before the upcoming renewals.
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