Managing and monitoring SaaS subscription and Terms of Services
Software as a service (SaaS) is a method of software delivery in which access to software applications is provided over the Internet. The idea is that the vendor provides you software as a service when you need it.
SaaS has become extremely popular among businesses these days due to its scalability, cost effectiveness and mobility. However, SaaS also brings challenges.
One of the problems is that payment terms differ from traditional software when you pay a single upfront payment. Usually users of SaaS applications pay for the service on a monthly or yearly basis. Sometimes, users may only pay for separate SaaS components they use, or for storage space within the vendor’s data servers to store their data. The organization should be aware of these costs beforehand and track SaaS subscriptions to reduce SaaS spend.
But even if the cloud service is free, there might still arise another problem — organizational compliance with its terms of services.
Each time your employees sign up to cloud services they click “I agree” to subscribe, frequently without reading or understanding their Terms of Services. And clicking “I agree” is like signing a legally binding contract. In that case it might bind your organization and lead to risks of lawsuits, unexpected costs, damages to your internal data, security and privacy breach.
It’s time to take control of your cloud software licenses and assets. Managing and monitoring cloud subscriptions and terms of services are an essential part of any IT and legal teams’ work.
In this demo, we’ll show you how Binadox makes all cloud subscriptions accountable in real time, by detecting sign-ups, sign-ins and capturing their terms of services, so your legal and IT licensing professionals could review them and be aware of potential liabilities, thus saving your organization valuable resources, time and money.