ICEYE Generates 5x ROI Using CloudEagle.ai's Negotiation Expertise

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20%

Reduction on SaaS spend

1830 hrs/yr

Saved in SaaS management

1180 hrs/yr

Saved in renewals

5x

ROI realized

1350 hrs/yr

Saved on renewals

70%

Reduction in negotiation time

Challenge

Wefunder’s compliance tool costs were high due to the required prepaid commitments they couldn’t afford.
Switching to another tool was difficult because of integration complexities and vendor demands.

Solution

CloudEagle.ai’s SaaS buying experts led negotiations, removing the prepaid commitment and optimizing transaction costs.
They advised Wefunder to stay with their current vendor while securing a better deal.

Result

CloudEagle.ai helped cut compliance management tool costs by 50% after successful renegotiations.
Wefunder’s procurement team saved time and improved productivity through CloudEagle.ai’s vendor negotiation support.

Challenge

ICEYE’s IT and Finance teams struggled to manage SaaS renewals and vendor negotiations effectively. With hundreds of applications in use, they lacked the bandwidth to track every renewal deadline, review contract details, and engage with vendors on time. The manual process created delays, missed savings opportunities, and increased operational strain.

Due to strict security policies, ICEYE needed a non-intrusive yet reliable solution that could handle everything, from vendor evaluation to contract negotiation and signing, without disrupting existing workflows. They sought expert guidance to streamline vendor management, reduce costs, and simplify the renewal process.

Solution

CloudEagle.ai worked closely with ICEYE’s IT and Finance teams, offering expert professional services to simplify vendor evaluations and contract renewals.
They created a detailed renewal calendar, gathered app usage data, and helped renegotiate contracts to manage vendors efficiently from start to finish.
CloudEagle.ai’s team saved ICEYE thousands by cutting software costs and halving the time needed for contract negotiations.
In just one month, CloudEagle.ai’s services delivered a 5X return on investment, setting up clear plans for future renewals and SaaS buying.

Why CloudEagle.ai?

ICEYE evaluated several solutions but chose CloudEagle.ai for three key reasons:

ICEYE chose CloudEagle.ai because it provided tailored services that fit their needs without needing to change existing platforms, minimizing disruption.
CloudEagle.ai worked closely with vendors to build a renewal calendar, find cost-saving chances, and renegotiate contracts based on growth and usage.
By handling the negotiation process, CloudEagle.ai reduced ICEYE’s negotiation time by half, letting IT and Finance focus on other priorities.
CloudEagle.ai delivered over 5X ROI in a month, saving thousands and cutting renewal time, making it a fast and cost-effective solution.

Impact

“Savings started from day 1 as we had actionable insights from CloudEagle to optimize our SaaS spend.”

5X ROI in Just One Month

CloudEagle.ai's SaaS experts negotiated a 50% cost reduction for Wefunder’s compliance management tool.
By analyzing app usage data and leveraging benchmarking information, significant savings on overages were achieved.
This approach resulted in thousands of dollars saved for Wefunder, optimizing their SaaS spend.

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50% Reduction in Vendor Negotiation Time

The 50% reduction in compliance tool costs directly improved Wefunder's ROI.
With more cost-effective solutions in place, Wefunder maximized their software investments.
The savings allowed Wefunder to reallocate resources to more critical business needs, further improving overall efficiency.

$1,000+ Saved in the First Renewal Cycle

CloudEagle.ai saved Wefunder’s procurement team 1,320 hours annually by handling vendor negotiations.
The platform streamlined the procurement process, allowing the team to focus on higher-value tasks.
Time saved on negotiations contributed to overall operational efficiency and increased team productivity.