Case Study: a leading financial services company saves $1M by reducing redundant SaaS with Flexera SaaS Manager

a leading financial services company saves $1M a year with Flexera

A leading financial services company sought to reduce its overall SaaS application spend, suspecting uncontrolled growth and redundant tools across its global enterprise. They engaged Flexera, leveraging Flexera SaaS Manager to analyze expense reports and identify the full scope of their SaaS expenditures.

Flexera SaaS Manager scanned the data and discovered $43 million spent on 1,500 unique applications. The solution identified 59 redundant applications, representing $14 million in spend. By analyzing these redundancies, the financial services company eliminated one application, PeopleFluent, saving $1 million annually. Flexera enabled the company to gain critical visibility and achieve immediate cost savings.