Case Study: Leading Financial Services Company reduces redundant SaaS spend with Flexera

Leading Financial Services Company - Customer Case Study

A Leading Financial Services Company turned to Flexera to assess rapidly growing SaaS spending and uncover where multiple overlapping applications might be draining budget across its global enterprise. The company lacked a clear inventory of SaaS usage and needed a faster way to analyze a year’s worth of expense reports, using Flexera SaaS Manager to identify unknown and potentially redundant applications.

Flexera SaaS Manager scanned the expense data and found 1,500 unique SaaS applications with more than $43 million in annual spend, then identified 59 redundancies worth $14 million, or 32% of total SaaS spend. After reviewing three HCM tools, the company eliminated PeopleFluent, and with Flexera’s help saved $1 million annually and reduced overall SaaS spend by 2%.