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 Wallah, Co-founder and CEO of Edge

Get Free Savings Analysis

70%

Time 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

Edge followed a decentralized approach to manage its SaaS applications and their relevant spending. This led to lapses in their spend data, which made their SaaS spending spiral out of control. 

This decentralized spend management approach raised a string of challenges, 

  • The finance team had no insight into how much their internal departments spent on each application. Their spreadsheets weren’t capturing these instances. 
  • Attributing SaaS spending to each department was challenging, The team visited each application to check the spending manually, which was time-consuming. 
  • Edge had a broader view of the apps used by the team as they were tracking them using spreadsheets. But they didn’t have the intrinsic details of each application, like the licenses purchased and cost per license. 

“It was hectic; We were unaware of the exact number of licenses purchased for each application and even if we were paying the right price for them,” says Iffi Wahla. 

Solution 

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

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

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. 

Solution
The Impact

Result

Spend visibility: Edge gained comprehensive spend visibility into the SaaS stack. The financial system integrations revealed all instances of purchases, even sanctioned and un-sanctioned spending by the team. This helped Edge save 630 hours per year spent on managing SaaS apps and spending, resulting in 70% time savings.

Easy attribution: The finance team easily attributed the spending to each application, vendor, and department. 

Granular spend details: 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 got rid of spreadsheets and started using CloudEagle's centralized dashboard to track their SaaS spending and make informed spend management decisions about it. 

CloudEagle gives you 100% visibility on your tech stack, streamlines vendor management, and automates procurement processes to help you find the right app and save on SaaS spending.

Edge

Edge is a global hiring platform that helps companies hire and onboard talents who can drive success for their team. Edge focuses on minimizing the tedium involved in the hiring process—they'll help you hire the best candidates using their customized hiring solutions.

Thanks to their robust 30-day training academy, you don’t need to worry about onboarding anymore, as Edge will train employees for you so they can start working on the project immediately.

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