How CloudEagle helps Falkonry make the right software choices and optimize spend

Managing multiple vendors using spreadsheets posed challenges. CloudEagle centralized vendors, helped us stay ahead of renewals, simplified vendor research, streamlined SaaS buying, and optimized SaaS spending for us.

-Pratibha Mehta, Head of Operations, Falkonry

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30 mins

For CloudEagle onboarding

1350 hrs/yr

Saved on renewals

70%

Time reduction in vendor research
Problems
Challenge

Falkonry struggled to manage vendors via spreadsheets and emails, leading to missed renewals. Performing detailed vendor research and negotiating with vendors was a major hassle for their team.

Solutions
Solution

CloudEagle integrated with Falkonry's internal systems, centralizing vendor data, automating renewals through workflows, ensuring alignment with financial goals, and making it easier to select the right vendors.

Profit
Result

With CloudEagle's centralized SaaS management, Falkonry saved time and money by automating repetitive tasks, enabling the team to focus on strategic tasks, enhancing operational excellence.

Key Highlights:

  • CloudEagle streamlined vendor management for Falkonry centralizing data.
  • CloudEagle's vendor recommendation engine made vendor selection easier.
  • By leveraging platform insights, Falkonry made informed vendor decisions efficiently.

Challenge

Falkonry faced challenges managing multiple SaaS vendors using spreadsheets and emails, risking missed renewals. They lacked vendor insights and the bandwidth for negotiations. To achieve operational excellence, they needed guidance in managing their technology partnerships.

Their manual approach led to inefficiencies and contract renewal issues, and they lacked negotiation expertise. Falkonry needed help identifying the leading vendors and negotiating with these vendors.

They used to manage all their SaaS vendors and apps on an Excel sheet and via email. Sometimes, they would miss contract renewals and risk getting logged out of an app.

They were looking for a central place to discover new vendors and manage their existing ones. Since they did not have a procurement team, they were also looking for some expert help in negotiating with their SaaS vendor.

Solution

CloudEagle provided a comprehensive solution for Falkonry. Integrating with Falkonry's systems created a centralized vendor and app dashboard, eliminating manual tracking.

This streamlined approach ensured timely contract renewals and enhanced collaboration between accounting and business units.

CloudEagle's vendor recommendation engine also offered optimized vendor selections, considering Falkonry's specific needs and cost-effectiveness. It efficiently analyzed a vast review database to deliver tailored insights, simplifying vendor selection and negotiation.

Result

CloudEagle delivered remarkable results for Falkonry. The automation of vendor management processes led to significant time and cost savings. They now efficiently handle contract renewals, without missing out on them. CloudEagle's renewal workflows saved them 1350 hours annually.

The vendor recommendation engine optimized vendor selections, ensuring they met Falkonry's needs while controlling costs. This powerful engine quickly sifted through a massive review database, providing valuable vendor selection and negotiation insights. This also saved the team 473 hours per year as now they use CloudEagle for vendor research.

By using CloudEagle, Falkonry saved time and resources and gained the capacity to focus on more strategic initiatives, enhancing its operational efficiency and overall competitiveness.

Falkonry

Falkonry is an AI solutions provider at an industrial scale. They simplify complex industrial operations by leveraging the latest technology and driving immediate impact, focusing on reliability, quality, and yield.

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