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Binadox Automates SaaS and Cloud Infrastructure Spend Optimization

SEATTLE, Aug. 15, 2019 – Binadox, the multi-cloud SaaS and IaaS spend management and optimization company, announces the general availability of a platform that highlights milestones in optimization process automation and fine-grained feature level usage analysis with the most awaited capabilities. Binadox Advice Binadox offers a significant advance in Cloud Spend Optimization automation by introducing […]

5 Best Practices to Drive Cloud Flexibility in Your Organization

At least one of your cloud applications you’re about to implement company-wide is most likely going to be replaced in a year. Due to acquisition of better apps with same functions, funding woes, or well-publicized security breaches, most of your cloud software wouldn’t stand the test of time. Others may serve your organization for a […]

Why Your Organization Needs a Cloud System of Records

Business leaders and IT specialists throughout the last decade have used spreadsheet reports to keep their data organized. These spreadsheet reports may be helpful for single-lane disciplines like human resources or sales. However, many organizations can not systemize cloud software, since these applications can be accessed anytime by any employee. In the past, IT leaders […]

How Shadow IT Discovery Strengthens IT Management

It’s not a secret that employees in organizations nowadays tend to use hundreds or even thousands of cloud applications. With this growing use of cloud technology, CIOs and IT specialists often underestimate the amount of subscriptions and licenses across the organization. Thus, uncontrolled prevalence of unsanctioned technology often leads security breaches and cause budget overspend. […]

Cloud Vendor Management Best Practices

Cloud vendor management became drastically laborious and time-consuming task for many organizations. Business leaders and IT professionals can’t achieve clear visibility into what applications employees are utilizing throughout the company. Additionally, employees can also test out, purchase and deploy new applications without checking with IT specialists. Thus, it’s almost impossible to manage cloud usage or […]

Multi-Cloud IaaS Cost Management

A key technology trend you may have recently noticed across various enterprises is the ever-increasing adoption of multiple cloud environments. The multi-cloud management market is anticipated to grow up to $4,492.7 million by 2022. The reasons of moving to multi-cloud are obvious: it provides platform flexibility, improves performance and prevents vendor lock-in. On the other […]

Understanding SaaS Renewal Process: Risks and Solution

When you are running an entire enterprise, finding a single application or vendor that meets all your IT issues is nearly impossible. That’s why employees tend to use and renew hundreds of applications to get their job done. The problem is, the increasing adoption of cloud renewals quickly leads to budget overspending and other crucial […]

Most Common SaaS Management Challenges and How to Address Them

Managing IT in the SaaS era can be drastically difficult, especially considering that traditional management methods and tools are no longer effective. For instance, more than 30 percent of software budget is wasted through ineffective or insufficient management, according to a report released by Gartner. Therefore, today, the increasing SaaS adoption across organizations requires new […]

It’s Time to Ditch Spreadsheets: Smart Way to Manage SaaS Subscriptions

Organizations today are increasingly moving towards the cloud services. On average, mid-size businesses use more than 91 SaaS applications. However, the majority of businesses still manage their software by using spreadsheets like Excel or Google. Even though managing SaaS via spreadsheets means almost endless manual processing. The following outlines why exactly using traditional management tools […]

What is Shadow IT? In-depth Look into Unsanctioned Apps

SaaS has drastically changed how software is delivered and used. In the past, IT and procurement teams deployed and manually configured all applications. Furthermore, these departments maintained full control, visibility, and security of each software product.  In the SaaS era, employees can purchase and subscribe for new software without notifying IT or any other department. […]

Software Vendor Management Best Practices

Basic Guide to Software Vendor Management in the SaaS era Today, with the increasing popularity of the cloud services the number of SaaS vendors continues to grow across organizations. This growth requires businesses to consider a cloud vendor management strategy or a comprehensive solution. This article covers everything you need to know about software vendor […]

Difference Between SaaS and On Premise: Why Companies Prefer SaaS?

With the increasing growth of cloud services many organisations are asking what the difference is between cloud and on-premise software and what is best for their business? Here’s what you should know about SaaS and on-premise:   SaaS vs. On-premise SaaS-based applications are hosted on the cloud vendor’s servers and accessed through a web browser. On-premise […]

SaaS Spend Management Challenges: How Much You Should Spend On SaaS? 

If you’re an executive at a medium-size or large organization, you most certainly invest in SaaS software. Regardless of whether your business focuses on B2B or B2C market segment, today, each of your individual business unit is using hundreds or even thousands SaaS applications. However, if you can’t tell how much exactly your organization spends […]

Business IT Security in the SaaS Era

SaaS adoption is exploding across organizations. It’s no surprise that your employees use multiple SaaS vendors like G Suite, Office 365, Dropbox, Box, Salesforce, Slack, and many others. However, current IT administration tools can’t help handle SaaS proliferation within enterprises. Managing multiple SaaS applications by using outdated solutions maximizes security risks and challenges for IT […]

Why It’s Important To Govern And Manage Your SaaS Apps

Managing SaaS products for your company might seem like an easy process that doesn’t require any continuous efforts – at first. In fact, CIOs and IT leaders must constantly evaluate their SaaS tech stack on at least monthly. Medium-size companies and large enterprises might have hundreds of SaaS apps across teams or departments. In these […]

How to Address SaaS Cost Management

In the SaaS era, organizations tend to use more software than ever before. According to researches, SaaS model is the largest segment of the cloud market and it expected to reach 45 percent of total application software spending by 2021. SaaS applications are beneficial for your employees and your company in many ways. For instance, […]

How SaaS Changes Software Optimization?  

SaaS adoption continues to grow across organizations. According to Gartner, SaaS applications will account for 45% of total application software spending by 2021. Knowing that your employees are using hundreds or even thousands of SaaS applications, it’s a category of software that can’t be ignored and will continue to present challenges. SaaS continues to change […]

5 Critical License Compliance Issues in Your Company

As more companies is increasingly moving towards SaaS applications, IT and procurement teams believe that license management problems will disappear with an adoption of cloud-based services. There’s a common misconception, that organizations are not responsible for license compliance since a vendor controls access to an application. Unfortunately, your licensing challenges will not go away. Additionally, […]

Why Companies are Getting Worse at Spend Management

Today, spend management is important for every organization. However, it’s rather complex process and there are certain drawbacks that can get in your way of making budgeting or spend initiative effect. Most commonly these drawbacks prevent spend management from doing its job. Therefore, your company’s budget may suffer cause of this. On the other hand, […]

Everything You Need to Know About SaaS Optimization

Software as a Service remains the largest segment of the cloud marketing. According to Gartner, SaaS revenue is expected to grow 17.8 percent to reach $85.1 billion in 2019. This means SaaS adoption will be increased in every company which is good for productivity and flexibility of your business. Benefits of SaaS are countless, it […]