Torii Pricing Guide: Should You Choose it?

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SaaS management platforms are becoming increasingly popular among organizations to manage their SaaS stack and optimize their spend effectively.

This rapid adoption came after these companies noticed their annual software spend exceeded their allocated budget. In some organizations, software spend has become the third-highest spending category, according to CloudEagle’s SaaS spend report.

However, Gartner’s market report says that the SaaS management market is still in its early stages. Many organizations struggle with the uncontrolled proliferation of SaaS applications but have yet to adopt a SaaS Management Platform (SMP) to address these challenges.

If you’re one of those organizations looking for a SaaS management solution, Torii can be the right choice, but will its pricing and features align with your business needs?

Well, let’s discuss Torii’s pricing strategy in this article and help you make the right purchase decision.

What is Torii and what does it do?

Torii is a SaaS management platform that helps organizations efficiently manage and optimize their SaaS portfolio. It provides a centralized solution for tracking, analyzing, and controlling various software applications and cloud-based services used within an organization.

This includes creating a comprehensive inventory of SaaS applications, tracking expenses, and gaining insights into usage patterns. Torii also aids in renewal management, cost optimization, and compliance with licensing agreements and security policies. It integrates with other software and financial tools, providing a comprehensive view of an organization's software landscape.

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Main features

Shadow IT discovery: Torii's AI-driven Shadow IT discovery feature provides complete visibility into your organization's SaaS ecosystem. It automatically identifies and maps all SaaS applications, including Shadow IT, ensuring robust security, transparency, and proactive risk mitigation.

SaaS Onboarding & Offboarding: Automates SaaS onboarding and offboarding, scheduling workflows, and providing automatic employee access. It also enhances compliance, offers a self-service app catalog, and enables immediate alerts for app usage, elevating strategic engagement.

Automate the application lifecycle: Streamlines app management by providing automated notifications for new app adoption, simplifying security evaluations, and allowing tailored workflows. It identifies and consolidates redundant apps and offers instant alerts for critical situations, ultimately unifying data for actionable insights.

SaaS spend management center: Provides intelligent oversight for optimizing SaaS spending, offering cost-saving recommendations, financial visibility, and tools to unmask, eradicate wasted spend, and confidently manage renewals. It also helps consolidate redundant apps and construct a strategic SaaS plan based on unified insights.

SaaS vendor management and renewal management: Helps organizations slash renewal costs, optimize their SaaS stack, and ensure cost-efficient subscriptions. It offers complete transparency, financial insights, and automation to uncover subscriptions, eliminate waste, and stay renewal-ready 24/7. This solution provides unparalleled financial clarity and control for SaaS management.

Open platform: Torii's Open Platform invites developers to co-create the future of SaaS management by leveraging its open API. Join the developer community to augment Torii, access resources, and explore the Plugin Marketplace for seamless integration and extendibility, empowering innovation on your terms.

AI-Powered SaaS Management: Torii's AI-Powered SaaS Management transforms SaaS administration by automating tasks and delivering actionable insights. With AI-driven discovery and mapping, contract ingestion, an AI assistant, and an application identifier, it offers a comprehensive solution to refine SaaS operations and decision-making, saving time and increasing efficiency.

Torii has a great stack of features suitable for mid-size and enterprise organizations, but will its pricing align with your needs?

Torii pricing - Will it suit you?

The mystery begins here, as Torii doesn’t disclose its pricing completely. You have to contact their team to learn more about their pricing and how much savings they can guarantee.

This process can be a stretch and a major red flag for SaaS buyers. Here’s why:

Delays in decision-making: With hidden pricing, potential buyers must talk to the sales team to find basic prices. This takes time and can make it harder for them to decide.

Challenges in budget planning: Hidden pricing makes it tough for buyers to figure out how much budget they should allocate for a specific purchase. This lack of transparency can lead to spending too much or having an insufficient budget.

Difficulty in competitive comparison: Hidden pricing makes it tricky to compare with other vendors. Buyers like to see what they get for their money, but this is hard with hidden prices.

ROI analysis: Buyers often want to determine if the application will generate more profit than they spend. Hidden pricing makes it impossible to perform ROI analysis.

Resource allocation issues: Hidden pricing can mess up how the budget is set aside for the product. This affects the overall budget and how decisions are made.

Additional charges: With hidden pricing, there is always a risk of the vendor billing additional charges for onboarding, updates, support, etc. Vendors will also try to upsell the product to you, resulting in overspending.

Torii’s pricing is categorized into three plans: Basic, Professional, and Enterprise.

Basic

The company offers different pricing options tailored for businesses of all sizes. If you're a small or medium-sized enterprise looking to save money and simplify operations, the Basic plan is perfect for you. It costs $2.5 per employee each month when billed annually.

With this plan, your team can easily track expenses and manage costs. It includes useful features like browser extensions, single sign-on visibility, unlimited integrations, expense reports, and cost-saving insights.

Also, users get access to the SaaS discovery center, which includes features like the browser extension, SSO/IdPs direct integration, and custom apps. This makes it easy to discover and integrate various SaaS applications.

Professional

The Professional plan is the preferred choice for those seeking more comprehensive solutions. It encompasses a full suite of tools to manage the complete lifecycle of SaaS applications.

While pricing for the Professional plan is available upon request, it includes all Basic plan features and additional benefits such as financial integrations, workflow automation, API access, a plugin marketplace, role-based access, and a dedicated customer success manager.

In addition to the features available in the Basic plan, the Professional plan offers financial integrations, facilitating seamless integration with financial systems for enhanced software expense management.

Enterprise

The Enterprise plan, tailored for larger enterprises, offers advanced customization and exclusive features. Similar to the professional plan, pricing is available upon request. In addition to the features offered in the Professional plan, the Enterprise plan provides even more advanced capabilities to meet the needs of larger organizations.

Custom integrations allow easy integration with existing systems and workflows, ensuring smooth operations across the board. The pricing benchmark feature offers market insights for software subscriptions.

Furthermore, the Enterprise plan includes role-based access controls with all predefined roles and the flexibility to create custom roles tailored to specific organizational needs. This ensures granular control over access permissions, enhancing security and governance measures.

Key features in Toriis’ pricing

Torri offers three different plans, each with various features and additional add-ons. This list will assist you in understanding which features are included in each plan, helping you decide which plan best suits your needs.

1. Saas Discovery Center

All three plans offer browser extensions, SSO/IDP direct integrations, and support for custom apps. Additionally, clinical integrations are available in the Professional and Enterprise plans, while custom integrations are exclusively offered in the Enterprise plan.

2. SaaS Automation Center

Basic features lack automation functionalities such as onboarding and offboarding, license optimization, and renewal workflows. Consider upgrading to the Professional or Enterprise plan if you require automation capabilities.

3. SaaS Spend Management Center

The Basic and Professional plans provide expense reports, insights, and license cost-saving insights. For more comprehensive cost-saving recommendations, pricing benchmarks, and chargebacks, consider upgrading to the Enterprise plan.

4. Renewal Management Center

The Basic plan lacks numerous renewal management features, necessitating an upgrade to the Professional or Enterprise plan for access. Notably, the Professional plan excludes only one feature available in the Enterprise plan: side-by-side app comparisons.

5. App Catalog

The Basic plan does not include an app catalog feature. However, the Professional and Enterprise plans offer self-service app selection, renewal management, and provisioning automation capabilities.

6. Security Center

The Basic plan lacks advanced security features, but you can add a dedicated customer success manager.

The Professional and Enterprise plans offer various security features like risk profiles & alerts, audit logs, compliance features, secret vaults, and role-based access controls. Additionally, only the Enterprise plan includes the app owner portal, which is unavailable in others.

Our thoughts

Torii is an ideal SaaS management platform for organizations looking to optimize their SaaS stack. Torii's pricing plans cater well to businesses with varying sizes and needs, offering flexibility and scalability, which is a definite plus.

The comprehensive features and customization options in higher-tier plans can benefit businesses looking for tailored solutions. However, the lack of pricing transparency for professional and Enterprise plans can be a deal breaker for organizations with a meticulous spending approach.

Additionally, the complexity of higher-tier plans may not be suitable for smaller businesses, potentially leading to underutilization of the platform.

However, the pricing structure entails a minimum commitment of $250 per month when billed annually or $280 per month when billed monthly.

So, is it advisable to skip Torii just because of their hidden pricing plans, and minimum commitment?

Certainly not!

Torii has all the essential features for effective SaaS management. It can track and provide insights to assist finance teams in optimizing their SaaS spending with accurate usage and spending insights. Renewal alerts will ensure you never miss a contract renewal.

IT team can keep their SaaS stack free from unsanctioned applications through Torii shadow IT alerts, and the HR team can streamline user management with automated onboarding and offboarding workflows.

However it lacks major functionality compared to a few SaaS management platforms, like CloudEagle: SaaS procurement.

Why does procurement matter?

Decentralized procurement is one reason for increased spending due to hidden expenses, along with shadow IT and SaaS sprawl.

For organizations to truly achieve an optimized SaaS landscape, in addition to SaaS management and spend management, they must also streamline their procurement processes with robust approval workflows, which Torii lacks.

Also, organizations with lean procurement teams won’t have enough time and bandwidth to handle vendor negotiations. Often, these organizations will pay the list prices quoted by vendors, leading to increased spending beyond the budget.

To help procurement teams ace their negotiations, you need a team of SaaS buying experts who can work as an extended part of your team, analyzing usage, leveraging benchmarks, and purchasing the right product at the right price.

The major challenge: If you proceed with Torii, you might have to purchase separate SaaS procurement, contract management, and vendor research platforms in the future, which will greatly escalate your annual software spending.

Simple solution: This is why organizations are choosing CloudEagle for its comprehensive set of features that cover their entire SaaS lifecycle, from vendor research, SaaS management, and renewal workflows to procurement. It also has transparent and cost-effective pricing plans suitable for organizations of all sizes.

Here’s a quick rundown of the pros and cons of Torii’s pricing:

Pros of Torii’s pricing:

• Custom alerts for shadow IT and renewal enhance control over unauthorized software and ensure timely renewals.
• License cost comparisons aid in informed decision-making for cost optimization.
• License reclamation workflows optimize resource allocation and savings.
• Shadow signup detection boosts compliance and security.
• Self-service catalog reduces IT dependency, promoting productivity.
• Automated user provisioning improves operational efficiency and security.
• AI-driven SaaS management offers insights for better decisions.
• An open platform fosters innovation and tailored solutions.

Cons of Torii’s pricing:

• Inefficient procurement workflows
• Lacking assisted buying services
• Limited SaaS marketplace access
• Additional vendor research efforts
• Limited integrations
• Contract management challenges
• Lacks extensive benchmarking data
• No pre-negotiated vendor discounts.

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Why CloudEagle is a superior option to Torii?

CloudEagle is an all-in-one SaaS management and procurement platform built to help organizations manage SaaS, optimize spend, track contract and renewals, streamline procurement, research vendors, and ace their negotiation processes with vendors.

While Torii provides valuable SaaS management features, the burden of complex procurement and negotiation still falls on your team's shoulders.

CloudEagle, however, offers similar SaaS and spend management features to Torii. However, it follows a unique approach by combining a powerful platform with expert services.

It essentially becomes an extension of your team, offering detailed insights and expert guidance to navigate the intricate landscape of the market.

With an extensive integration library in the market, SaaS negotiation experts, workflows to automate repetitive tasks, pre-negotiated vendor discounts, a SaaS marketplace, the latest pricing benchmarks, and an AI-powered vendor recommendation engine, CloudEagle will provide the best bang for the buck over Torii.

Features

1. Procurement workflows

Streamlining the procurement process is essential to save time for your team and to possess complete control over purchases and spend. Manual procurement process is susceptible to bottlenecks and delays, and your team will be spending most of the time chasing stakeholders for approval.

CloudEagle’s procurement workflows are readily available to automate the process. You can configure a workflow with intake forms. When a user initiates a purchase request, the corresponding workflow is triggered, and stakeholders are promptly notified through various channels, including Slack, email, and in-app notifications.

Every user can see the progress in real time, which increases accountability and accelerates the purchasing process.

What sets CloudEagle apart is its flexibility—you can configure workflows for a wide range of purchases, whether they involve hardware or software. Unlike other platforms, CloudEagle's workflows aren't confined solely to SaaS, offering a versatile solution for various procurement needs.

If you want to learn how to save on tail spend using CloudEagle, check out this success story from RingCentral.

Their procurement team lacked the bandwidth to manage tail-spend applications, but CloudEagle’s SaaS buying experts worked as an extended team. This collaboration helped them effectively manage tail-spend apps and delivered more than a 4x return on their investment.

2. Assisted buying

Negotiations can be tricky, and many companies end up spending too much on SaaS because they don't negotiate well. CloudEagle’s experts can help if your team lacks time to negotiate.

You can contact our experts for negotiation advice and guidance, whether you're dealing with a new purchase request or renewals. Our dedicated team of assisted buyers is always ready to assist you in simplifying the negotiation process.

Our SaaS buyers will thoroughly assess your requirements, conduct in-depth market research and competitive analysis, make use of the most up-to-date pricing benchmarks, and provide you with precise insights that are essential for successful negotiations.

You can take the lead in negotiations with our experts providing support, or you can have our experts fully manage the negotiation process on your behalf—the decision is in your hands.

Our experts will engage with vendors, establish strong rapport, and utilize pre-negotiated vendor discounts and benchmarks to secure the product at a cost-effective price that aligns with your budget and specific needs.

Here’s Sophie Wang from Wefunder recalling how we helped her team save on SaaS spend through negotiations:

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3. Vendor research

Think of vendors as crucial business partners; selecting the right one can significantly impact your operations and keep your expenses in check. You no longer need to rely on Google, Capterra, or G2 to find the ideal vendor—our platform has you covered.

You don't need to deal with complex terms, lengthy reports, or searching through lots of reviews. Tell us your business challenges in simple language, and we'll give you a shortlist of suitable software options.

In today's fast-changing business world, it's crucial to stay updated. Our platform helps you discover new software providers with the latest features and support, and it helps you connect with peers to make decisions faster.

CloudEagle highlights the most important reviews and their pros and cons so you can focus on the key insights. You can focus on features that matter to your industry and size, guided by what your peers find important. Our platform helps you compare vendors easily, speeding up your buying process and aligning your software strategy with your business goals.

4. Application Discovery

CloudEagle's comprehensive integration library offers a complete view of your SaaS environment. The platform overviews your applications, spending, licenses, contracts, workflows, and users, including in-depth usage details.

CloudEagle proactively alerts you when it detects unauthorized applications. It'll help you shadow IT in the early stages, stopping cost escalations in the future.

It provides detailed insights into all aspects of your SaaS applications, such as vendors, expenses, and licenses, enabling effective management and spending optimization.

Iffi Wallah, Co-founder and CEO of Edge, discusses how Edge got complete visbility over their SaaS stack and department-level spending insights using CloudEagle.

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5. Renewal Management

CloudEagle extracts contract metadata, including renewal dates, and creates a renewal calendar. It automatically sends reminder alerts via Slack or email 30, 60, or 90 days before renewal deadlines. You will always stay ahead of renewals.

This gives your team ample time to review usage benchmarks and prepare negotiation plans. Unlike Torii's reminders, CloudEagle escalates the process to various stakeholders until action is taken.

Reminders continue until the contract is renewed, ensuring you don't miss out on renewals or incur expenses due to auto-renewals.

6. Automated user provisioning and deprovisioning

Through HR integrations, CloudEagle delivers a consolidated user list and their application access in one convenient dashboard. This eliminates the need for manual access management for each employee.

You can use auto-provisioning workflows to suggest the right apps to users based on their roles and responsibilities. Likewise, when an employee quits, you can automatically deprovision them from license apps and revoke access to sensitive data using deprovisioning workflows.

Check out this insightful customer success story from Remediant and how they streamlined user provisioning and deprovisioning using CloudEagle.‍ 

Previously, they had to grant and revoke access for each application manually. CloudEagle's provisioning module saved them hundreds of hours monthly and allowed them to focus on more strategic tasks.

7. Cost Optimization

The platform identifies unused, free, and redundant apps in your portfolio. You can analyze usage, eliminate redundancies, or consolidate overlapping applications to reduce SaaS spending.

CloudEagle identifies duplicate, free apps often associated with shadow IT, allowing you to make cost-optimization decisions effortlessly.

8. License Management

You can easily track purchased licenses, users assigned to those licenses, and accurate usage data. Set a minimum usage threshold for licenses; if usage is low, users are automatically deprovisioned, and licenses are reclaimed using automated workflows.

You can then reallocate licenses based on user requirements or remove them during contract renewals with the assistance of our SaaS experts, all without affecting your vendor relationship.

9. Contract Management

Centralize your contract and important documents in one secure location instead of leaving them in your inboxes.

You can manually upload contracts to CloudEagle, which extracts contract metadata and organizes them in a unified dashboard. Additionally, a renewal calendar is generated based on contract data, triggering renewal reminders through Slack and email, and simplifying negotiations.

Additional features

• Comprehensive app catalog
• Custom fields
• Pre-built workflows
• Deeper usage insights
• Vendor risk and compliance insights
• Manual contract upload and metadata extraction
• Pre-negotiated vendor discounts
  

Pricing

CloudEagle has transparent pricing plans, unlike Torii, and offers more functionalities for the quoted feature price. Thus, you can do more for less than any other platform in the market.

CloudEagle's transparent pricing structure sets it apart from Torii. It offers comprehensive features across three tiers, Starter, Growth, and Enterprise, tailored to various company sizes and needs.

Here's a breakdown of CloudEagle’s pricing model:

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Starter

The Starter plan is designed for small teams seeking efficient application management. It starts at $2000/month and can be customized according to team size. The plan provides essential features such as app usage visibility, spend overview, and basic reports.

Additionally, it grants access to over 300 app integrations, contract management, and renewal reports, ensuring comprehensive SaaS management.

Growth

Moving on to the Growth plan, it serves as the preferred choice for expanding companies, commencing at $3000/month. In addition to all the features offered in the Starter plan, it includes license management, optimization insights, and advanced reporting.

Furthermore, this plan introduces different workflows and enables self-service access requests, facilitating smoother operations.

Enterprise

Lastly, the Enterprise plan caters to enterprises overseeing multiple applications, starting at $4000/month. It encompasses all features of the Growth plan, with additional functionalities such as employee onboarding/offboarding, procurement requests, and custom reports.

Moreover, it offers approval requests via Slack/Teams and provides access to SaaS research and consulting services, ensuring comprehensive support for enterprise-level needs.

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You can either choose the platform, negotiation services, or both; it's your choice. Choose the plan that align with your business needs.

Do you want to see how you can realize savings and streamline procurement?

CloudEagle provides a clear advantage over Torii by ensuring potential savings. However, the amount you can save depends on your annual software spend, and you can find out the potential savings on our pricing page.

You'll unlock access to more advanced features as you advance through the pricing tiers. Our assisted buying services are not bundled into the plan; instead, you have the flexibility to purchase them individually.

Based on your annual software spend, we guarantee specific savings. Please check it out here.‍

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Conclusion

Suppose you’re looking for a comprehensive platform to manage and optimize your entire SaaS lifecycle. In that case, Torii may not be the ideal choice as it lacks essential modules that can make a significant impact, and their hidden pricing plan might not fit your needs.

To optimize your SaaS stack, reduce SaaS spend, enhance negotiations, and streamline your procurement process, you need a comprehensive platform like CloudEagle.

Remember, CloudEagle has the fastest onboarding process in the industry right now. Here’s Devin Murphy from Rec Room sharing his onboarding experience with CloudEagle; check it out.

So, what do you think? If you want a quick demo of CloudEagle to see how it can transform your SaaS management experience, book a demo with our experts.

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