How CloudEagle.ai Enables Spend and App Discovery?

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Calender
December 16, 2024
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Are you struggling to manage and optimize spending while keeping track of a growing number of SaaS apps? If so, it’s time to move beyond outdated methods like spreadsheets and adopt a more advanced solution.

CloudEagle.ai, an all-in-one SaaS management and procurement platform, helps organizations control their SaaS costs and app usage. With CloudEagle.ai's spend management and app discovery features, you can make data-driven decisions to reduce resource waste, improve operational efficiency, and realize hidden savings.

In this article, we'll explore how CloudEagle.ai helps organizations optimize their SaaS spending and application portfolio, leading to smarter financial and operational decisions.

TL;DR

  • CloudEagle.ai provides a clear overview of your SaaS spending, helping you spot waste and optimize costs.
  • Gain full visibility into all apps used across your organization, ensuring security and compliance.
  • The platform offers ongoing insights and recommendations to optimize spend, reduce waste, and improve efficiency.
  • CloudEagle.ai helps you allocate resources effectively by tracking app usage across teams and departments.
  • The tool detects anomalies and suggests automatic optimizations, ensuring you always pay the best price for your SaaS services.

What is CloudEagle.ai’s spend and app discovery?

These features of CloudEagle.ai help organizations track and manage their SaaS spending and app usage. It gives you complete visibility into your SaaS spend, applications, and usage, making it easier to optimize costs, reduce waste, and improve efficiency.

It also helps you identify shadow IT and configure alerts to keep your SaaS portfolio free from unsanctioned applications.

With detailed insights into SaaS usage, you can make smarter decisions, spot areas for cost savings, and optimize resources.

CloudEagle.ai also helps eliminate unused apps and reassign underused licenses using license harvesting workflows, ensuring you only pay for what you need.

How do you discover spend details and app usage with CloudEagle.ai?

With CloudEagle.ai, you can easily discover spend details and app usage by connecting your systems and using AI to track costs and how apps are being used across your organization.

Step 1: Integration with external Systems

First, ensure CloudEagle.ai is integrated with your existing systems to discover spend details and app usage.

App discovery: With CloudEagle.ai, you can optimize app usage and control costs by integrating SSO solutions like Okta, Microsoft Active Directory, JumpCloud, and Azure AD. This integration gives you clear insights into app usage and user activity, helping you make smarter software management decisions.

The tool helps you pinpoint subscriptions that aren’t being fully utilized by identifying underused apps. This eliminates waste and optimizes your software spending, ensuring you only pay for the tools that deliver value.

CloudEagle.ai also lets you track user activity to see which employees are using which apps and features. This insight helps you streamline app usage, ensuring maximum value from your software and boosting ROI.

Spend Analysis: CloudEagle.ai simplifies your SaaS spend management by connecting to key financial systems and contract management tools, giving you a clear, real-time overview of your SaaS spend.

By consolidating data from platforms like ERP systems, billing solutions (e.g., Expensify), and contract management systems (e.g., DocuSign), CloudEagle.ai gives you a clear view of your costs. This makes it easier to track and manage spending across your organization.

The integration also helps you monitor contracts and renewals, ensuring you never overpay for underused services. CloudEagle.ai highlights areas where you can reduce costs, cancel unnecessary subscriptions, and optimize spending.

Plus, by connecting to your bank and credit card accounts, CloudEagle.ai ensures you're always on top of payments, helping you avoid late fees and missed renewals and keeping your cash flow under control.

Benefits of Finance Integrations with CloudEagle.ai:

  • Detailed spend analysis: Consolidates SaaS spending data for actionable insights on cost-cutting opportunities.
  • Informed billing decisions: Tracks invoices, payments, and subscription costs to help avoid billing errors and stay on top of expenses.
  • Real-time financial visibility: Links to bank and credit card accounts for real-time monitoring of your SaaS expenses.
  • Actionable subscription insights: Provides a detailed breakdown of subscriptions to optimize renewals and eliminate unnecessary services.
  • Proactive trend analysis: Identifies spending trends to help you optimize your software portfolio and maximize value from subscriptions.

Step 2: Segregating SaaS from non-SaaS

Once your systems are integrated, CloudEagle.ai utilizes its advanced AI engine and comprehensive SaaS catalog to separate SaaS data from non-SaaS data.

SaaSMap and 150K+ apps: The tool features SaaSMap, a catalog containing over 150,000 vendors and SaaS applications. The AI automatically distinguishes between SaaS and non-SaaS applications.

By matching the spend data from external systems with usage data from app discovery, SaaSMap provides an organized and detailed view of which apps are used within the organization and how much is spent on each.

Merged data insights: CloudEagle.ai combines vendor spend data with app usage data to provide a clear view of each app’s cost and usage. This helps organizations see if they’re overpaying for unused apps or if certain subscriptions are not fully utilized.

Step 3: Continuous monitoring & optimization

After the initial discovery and analysis, CloudEagle.ai continues to monitor app usage and spending and offers ongoing optimization recommendations.

  • Usage patterns & spend tracking: CloudEagle.ai continuously tracks app usage data and compares it against spending data. This allows you to spot wasteful spending, such as unused licenses or over-provisioned subscriptions, and take action accordingly.
  • Optimization recommendations: The platform provides actionable insights and recommendations for optimizing spending, such as consolidating subscriptions, downgrading unused services, or even identifying better-value alternatives.
  • Ongoing reporting: CloudEagle.ai provides real-time reporting and dashboards that give stakeholders visibility into both spend and app usage on an ongoing basis. This allows for better SaaS budgeting, accurate forecasting, and smarter purchasing decisions.

Benefits of using CloudEagle.ai for spend and app discovery

CloudEagle.ai helps you save on cloud costs by giving you clear visibility into your apps' use. This allows you to optimize spending and improve overall efficiency.

Here’s how you can get the most out of the tool:

1. Comprehensive cloud spend visibility: CloudEagle.ai provides a clear view of your entire SaaS spend across all services, platforms, and teams. With real-time reports and easy-to-read dashboards, you can see exactly where your budget is going.

This helps you spot areas where you're overspending or not fully utilizing resources, allowing you to make smarter decisions to optimize costs and better manage your SaaS environment.

2. Comprehensive application discovery and visibility: As your company grows, unauthorized or hidden apps (shadow IT) can slip through the cracks. CloudEagle.ai provides complete visibility into all apps used across your organization, from third-party tools to internal systems. This helps you maintain control, ensuring security, compliance, and alignment with business goals.

Alerts for unauthorized applications to prevent shadow IT

Check out this inspiring success story of how CloudEagle helped Heath Ceramics' IT and Finance teams achieve complete SaaS visibility and optimize spend management.

Listen to Joshua Peskay, a 3CPO (CIO, CISO, and CPO) at RoundTable Technology, discusses shadow IT in modern enterprises and provides his expert insights on how you can prevent it and keep your SaaS stack optimized.

3. Optimize your SaaS stack: CloudEagle.ai helps with app rationalization by removing unnecessary, duplicate, or unused apps that can drive up SaaS costs. It organizes all your apps in one place and shows you how each is used, making it easy to eliminate waste and save money.

Unused, duplicate and unauthorized apps

4. Easily manage apps by team: Tracking which apps belong to which department can be tough, but CloudEagle.ai automatically sorts apps by team. This gives you a clear view of each department's use, helping you correctly manage costs and allocate resources.

Applications with category name and department

5. Optimized application portfolio management: The tool helps you manage your app portfolio by identifying redundant, underused, or overlapping apps. The tool gives you insights to decide which apps to keep, replace, or remove, creating a more efficient and cost-effective tech stack.

6. Accurate IT resource allocation: With CloudEagle.ai, you can see how resources are used across departments. It helps you understand whether teams have too many or too few resources so you can avoid waste and ensure each team has what they need for optimal performance.

Zoom license usage data

7. Spend anomaly detection: The tool detects unexpected spikes or unusual spending patterns in your cloud usage, such as misconfigured resources or sudden demand increases. It flags these anomalies so your team can take quick action, helping you avoid budget overruns and keep cloud spending under control.

8. Automated spend optimization: CloudEagle.ai continuously monitors your cloud usage, finding cost-saving opportunities you might miss. It suggests automatic changes like downsizing instances, consolidating subscriptions, or removing unused resources. This ensures you always pay the lowest price without manually tracking every cost.

Iffi Wallah, Co-founder and CEO of Edge, shares how CloudEagle.ai gives his team clear visibility into SaaS usage and optimizes spend management. Watch the video as Iffi discusses the transformative impact on Edge’s operations and decision making.

Conclusion

CloudEagle.ai is the ideal solution for organizations looking to improve app discovery and optimize SaaS costs. Its app discovery feature helps you quickly identify which apps are used across your organization and how frequently they are accessed. This insight helps uncover unused or redundant apps, enabling more effective SaaS management.

In addition to app discovery, CloudEagle.ai offers features like automatic cost optimization and the detection of unusual spending patterns. These tools help you control SaaS costs, reduce waste, and ensure your organization uses resources more efficiently.

Want to save money and improve your organization's operational efficiency? Schedule a demo with CloudEagle.ai.

Written by
Raja Adhikary
Content Writer
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