Case Study: Sapphire Ventures eliminates auto-renewals and saves $3M+ with CloudEagle

Sapphire Ventures eliminates auto-renewals and saves $1.3M/year with CloudEagle

Sapphire Ventures, a venture capital firm, faced a challenge managing its growing number of SaaS contracts through spreadsheets. This manual process led to missed renewal notice periods and unwanted auto-renewals, which locked the company into contracts and limited its ability to renegotiate or cancel services. To address this, they turned to the vendor CloudEagle and its automated contract management platform.

By implementing CloudEagle, Sapphire Ventures automated its renewal workflows and gained 90-day visibility into all contract deadlines. This eliminated 100% of auto-renewals, allowing the company to make active decisions on every vendor. The results were significant, including $1.3 million in annual savings and over $3 million in lifetime savings, while also saving the finance team 1,350 hours per year.

Sapphire Ventures