Edge Gets Razorsharp Spend Visibility using CloudEagle

“I highly recommend CloudEagle to anyone trying to get complete spend visibility and cost per license details to optimize their SaaS spending.”

- Iffi Wahla, Co-founder and CEO of Edge

Get Free Savings Analysis

1270 hrs/yr

Saved on SaaS management

44

Types of custom reports

30 mins

CloudEagle onboarding time
Problems
Challenge

Edge's decentralized SaaS management led to uncontrolled spending. Challenges included a lack of spend insights per department, inefficient attribution, time spent due to manual tracking, and the team didn’t have much visibility into purchased licenses and cost per license data.

Solutions
Solution

Edge chose CloudEagle for better SaaS spend management, automation workflows, and procurement assistance. Onboarding was swift, taking just 30 minutes. CloudEagle's integration with SSO, HRIS, and financial systems provided a holistic view of SaaS spending, including costs per license, aiding spending optimization.

Profit
Result

Edge gained complete visibility into its SaaS stack, attributing spending to applications, vendors, and departments. Granular insights facilitated the right-sizing of licenses, optimizing costs. The shift to CloudEagle's centralized dashboard from spreadsheets enhanced spend management, enabling informed optimization decisions.

Key Highlights:

  • CloudEagle provided spend visibility, granular spending details, and centralized spend management.
  • Edge eliminated spreadsheet-based spend tracking and made informed cost optimization decisions.

Challenge

We were using a decentralized approach to managing our SaaS applications and their associated spending. However, this approach resulted in lapses in spend data, causing our SaaS spend to spiral out of control.

Managing the SaaS spend in this manner posed significant challenges. Even though we tracked our apps broadly with spreadsheets, we didn’t have all the details, like what licenses we bought and how much they cost.

Our finance team struggled to track each department's spend on applications because our spreadsheets lacked comprehensive recording.

Solution

“Our onboarding process was very quick, and CloudEagle instantly integrated with our internal systems and started scanning our SaaS portfolio.”

- Iffi Wahla, Co-founder and CEO of Edge

Automation workflows and assisted buying services

Edge chose CloudEagle for its comprehensive SaaS spend management features, automation workflows and assisted buying services to get complete visibility on their SaaS spending. Edge onboarded with CloudEagle shortly; the onboarding process only took 30 minutes

Quick integration

CloudEagle integrated with their SSO, HRIS, and financial systems in just 30 minutes, which allowed the platform to discover their entire SaaS landscape and the relevant spending on each application and vendor.

Right-sizing SaaS licenses

Along with application and vendor spend, CloudEagle also revealed the cost per license, which would help Iffi Wahla and his team realize their spending and right-size their licenses.

Impact

Complete spend visibility and control

Edge gained comprehensive spend visibility into the SaaS stack. The financial system integrations revealed all instances of purchases, even sanctioned and unsanctioned spending by the team. This helped Edge save 1270 hours per year spent on managing SaaS apps and spending, resulting in 70% time savings.

Granular spend details from extensive reports

More than just a centralized view of their SaaS spending, Edge’s finance team can now look into each vendor's applications and their spending on app licenses, thanks to the 44 types of custom reports for spend analysis. These granular SaaS spending details helped the team right-size their SaaS licenses by leveraging the app usage data provided by the CloudEagle platform. 

Centralized spend management

The team eliminated spreadsheets and started using CloudEagle's centralized dashboard to track their SaaS spending and make informed spending management decisions. CloudEagle provides them with 100% visibility into their tech stack, streamlines vendor management, and automates procurement processes to help them find the right app and save on SaaS spending.

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