Case Study: Banked reduces SaaS spend and stays audit-ready with Setyl

Banked cuts SaaS spend by 25% with Setyl

Banked, a London-based fintech company, faced challenges in managing its IT assets and SaaS subscriptions to meet the strict security audits required by its banking partners. They turned to the vendor Setyl to implement its IT and software asset management solution to gain control and ensure compliance.

By using Setyl's platform, Banked was able to centralize its asset management and gain full visibility into its software stack. This enabled them to identify underutilized licenses and proactively manage renewals, resulting in a reduction of their SaaS spend by over 25% within two months. Setyl also provided the necessary tools to remain audit-ready at all times.

Banked