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Spendflo: Vendor Analysis — SaaS buying and management solution overview, roadmap, competitors, tech selection tips, analyst summary

04/05/2023 By

This Spend Matters PRO Vendor Analysis provides an overview of Spendflo and its solution for SaaS procurement and management.

The influx of business reliance on SaaS applications has caused these systems to be a headache for many companies, and, according to McKinsey, the demand for these applications has created a global market of $3 trillion that has attracted numerous solutions. Having so many options is not always a good thing, though. Software procurement is complex, and buyers are often ill informed about considerations specific to buying SaaS, such as contract terms, licenses, pricing and technical expertise.

SaaS management and buying tools such, as Spendflo, address the lack of buyer visibility. These solutions typically negotiate deals on behalf of the buyer, in addition to automating purchasing and renewal workflows. While there are various point solutions in the market to solve the issue of SaaS buying management, Spendflo is particularly helpful as it covers the end-to-end buying journey including managing, tracking and ensuring security.

Here’s why Spendflo matters:

  • To the market — Spendflo offers a solution that covers all core functionalities of software buying with unique features, such as a Sentiment Hub, that help customers to make informed decisions on their software purchases and renewals.
  • To customers — Spendflo provides a SaaS buying and spend management platform that makes it easy for users to collaborate and create requests and approval workflows and can be integrated with Slack to streamline this process further.
  • To the buyer — Spendflo negotiates software deals on behalf of a buyer with a hands-on approach, and nearly all steps in the software procurement process are automated.

This Spend Matters PRO Vendor Analysis explains what differentiates this vendor, gives an overview of its capabilities and competitors, provides tech selection tips and closes with key analyst takeaways.

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