With an overwhelming number of overlapping solutions flooding the market daily, finding the right platform with the right features to streamline your business operations and stay competitive can be challenging.
This timely Everest Group ProdTech Trailblazers 2024 report will help enterprises decide which solution to choose, and we are pleased to share it with you.
It analyzes the top technology providers across three pivotal categories:
- API management,
- Application modernization,
- SaaS management platforms.
Among the elite platforms featured in the SaaS management category, CloudEagle.ai is one of the trailblazers, highlighting its ability to solve some of the most pressing challenges enterprises face today.
Explore the full report to uncover critical challenges and gain insights from the comparative assessments of top technology providers.
This article will provide a concise summary focusing on SaaS management platforms and CloudEagle.ai’s standout role.
Key Enterprise Challenges in the Current IT Landscape
- SaaS sprawl creates fragmented visibility, making tracking usage and controlling spending difficult.
- API integration challenges slow down the rollout of new services, limiting adaptability.
- IT backlogs drain resources, diverting attention from innovation.
- Limited asset reuse leads to duplicated efforts and higher operational costs.
- Legacy infrastructure hinders digital transformation and increases maintenance complexity.
Focus Areas to Address Enterprise IT Challenges
Everest Group ProdTech Trailblazers 2024 report identifies three critical technology areas that help enterprises tackle the challenges of tool sprawl, legacy systems, and IT inefficiencies:
SaaS Management Platforms: SaaS management solutions empower enterprises by optimizing spend, managing licenses efficiently, and ensuring compliance—helping organizations maintain control over their sprawling SaaS environments.
API Management Tools: These tools enable seamless system integration, fostering agility and accelerating innovation through secure, scalable workflows.
Application Modernization: Modernization strategies provide a clear path to transition from outdated infrastructure to modern technologies, driving digital transformation and streamlining operations.
Together, these three focus areas provide enterprises with the foundation needed to enhance efficiency, visibility, and agility in a complex IT landscape.
Key Capabilities and Use Cases of SaaS Management Platforms
This article focuses exclusively on SaaS management platforms, as outlined in Everest Group ProdTech Trailblazers 2024 report.
We recommend accessing the full report to dive deeper into API management tools and application modernization.
Now, let’s only discuss the core capabilities that make SaaS management platforms essential for enterprises today:
Application Discovery and Inventory
Platforms scan and identify all SaaS applications across the organization, creating a comprehensive inventory.
- Visibility: Gain insights into all SaaS tools in use.
- Risk Management: Detect unauthorized or shadow IT apps that pose security or compliance risks.
- Audits: Support IT audits with a complete SaaS usage record.
License Management
Track license usage, renewal dates, and subscriptions to optimize SaaS investments.
- Cost Control: Ensure expenses are limited to actively used licenses.
- Optimization: Align subscription plans with actual usage to reduce waste.
User Provisioning and De-provisioning
Automate access management by integrating with identity systems like SSO or LDAP.
- Onboarding/Offboarding: Seamlessly manage user access during employee transitions.
- Role Changes: Update permissions automatically based on role adjustments.
- Security: Prevent unauthorized access by promptly deactivating former employees' accounts.
Compliance and Security
Monitor API activities and access to ensure regulatory compliance and robust security.
- Regulatory Compliance: Maintain adherence to laws such as GDPR, HIPAA, or CCPA.
- Security Posture: Strengthen security by monitoring access points and detecting vulnerabilities.
- Policy Enforcement: Ensure SaaS usage complies with internal policies and governance standards.
Top SaaS management platforms featured in the report:
1. BetterCloud
2. CloudEagle.ai
3. Lumos
4. Zluri
5. Zylo
CloudEagle.ai: Recognized as a ProdTech Trailblazer
CloudEagle.ai is a SaaS management and procurement platform built to optimize, govern, and renew SaaS applications, optimize spending, streamline procurement, and enhance access governance.
Here is the Everest group’s assessment of CloudEagle.ai:
- CloudEagle.ai provides robust features, including application discovery, spend optimization, user and license management, and security compliance.
- Clients praise its SaaS discovery, AI-driven contract management, and application consolidation for cost savings.
CloudEagle.ai has 8,000+ workflows, processed $2B+ in transactions, saved over $150M in SaaS spend, and 40k hours of SaaS for various customers across different verticals.
Here’s a quick rundown of the features:
1. Discover
Spend and Application Discovery: Leveraging our extensive network of over 500 integrations, CloudEagle enables you to identity shadow IT and optimize your software portfolio by identifying unused or underutilized applications.
License Management: Get complete visibility on purchased, provisioned, and used licenses and track them accurately to ensure optimal utilization and maintain compliance.
Contract Management: Centralize and organize all software contracts for easy access and audits. Use AI to extract contract metadata and securely store all your sensitive docurement in one place.
2. Optimize
License Harvesting: Configure license reclamation workflows to recover unused software licenses, optimize costs, improve software utilization, and boost ROI through efficient harvesting and assigning to the next users.
SaaS Budgeting: Access detailed spending reports from over 100 finance integrations to create precise SaaS budgets, forecast spending, and allocate resources effectively.
Spend Optimization: Identify and eliminate unused, redundant, and duplicate applications to rationalize your SaaS portfolio and optimize your SaaS costs effectively.
3. Govern
Self-Service App Catalog: Empower employees with quick access to essential software through our user-friendly app catalog, enhancing productivity and reducing IT support workload.
Employee Lifecycle Management: Automate user provisioning and deprovisioning workflows to streamline employee onboarding and offboarding processes, allowing IT teams to manage access controls efficiently with minimal manual intervention.
Here’s Alice Park from Remediant, sharing her success story of how she streamlined provisioning and deprovisioning using CloudEagle.ai:
Access Control and Compliance: Enforce robust access controls and conduct regular reviews to ensure data security and regulatory compliance.
4. Renew
Benchmarking: Access our comprehensive database of price benchmarking data, compiled from over $2 billion in transactions and a vast network of SaaS buyers. Compare software pricing against market rates and secure favorable deals.
Outsourced Procurement: If your internal procurement team lacks time and bandwidth to negotiate with vendors, outsource the procurement process to us. Our team of SaaS buying experts will work as an extended part of your team and purchase the right products at the right price.
Renewal Management: Automatically extract contact metadata and generate renewal calendars. Receive timely reminders via Slack and email notifications 30, 60, or 90 days before your contract renewal date, ensuring contracts are renewed promptly and eliminating auto-renewals with CloudEagle.
Conclusion
CloudEagle.ai’s inclusion in Everest Group ProdTech Trailblazers 2024 report highlights our platform’s ability to address the critical challenges enterprises face in managing SaaS application sprawl.
We are recognized for our strengths in application discovery, spend optimization, and governance and are proud to be featured among the top SaaS management platforms driving innovation and operational efficiency.
With over 500 integrations, $2B+ in transactions processed, and $150M+ in savings generated, CloudEagle.ai continues to empower organizations to streamline procurement, optimize SaaS portfolios, and enhance access governance.
To learn more about how CloudEagle.ai can transform your SaaS management strategy, read the full Everest Group ProdTech Trailblazers 2024 report. To see the platform in action, book a demo today!
