Quadrant Knowledge Solutions Market Insights research provides detailed insights on how SaaS optimization integrated with application portfolio management is enhancing the organizational productivity.
SaaS is being used in a wide variety of business operations such as communication and collaboration tools, customer relationship management, billing, sales management, human resource management, financial management, enterprise resource planning, and others. Optimizing SaaS helps organizations with license and SaaS subscription management which propels organizations with decrease in spend and boosting the bottom line of the enterprise by funding the important project that company wants to focus on. SaaS optimization contributes significantly in avoiding SaaS waste, unnecessary security gaps, and cost accumulation by monitoring all existing SaaS solutions and identifying over-licensed and under-utilized SaaS applications.
As organizations are rapidly expanding with mergers and acquisitions, globalization and organic growth, IT department has endorsed increasing number of applications in use which causes multiple redundancies for IT department. IT department lacks visibility in the applications used in the complex business environment and the integration of new resources with legacy system. Application Portfolio Management (APM) manages application inventory for multiple perspectives including application lifecycle, cost, deployment, and business capabilities they are supporting which provides complete visibility of the applications, enabling the IT department to easily embrace new and innovative business projects.
SaaS management aligned with APM brings continuous transformation and brings organization to cloud edge while keeping a complete control over cost, security, and other compliance issues. Organizations are moving forward with improving employee experience by offering complete visibility and access to flexible range of business approved applications. Organizations are introducing a centralized application directory (application catalog) for employees to explore a curated business-purchased SaaS applications and streamlined access request.
According to Amandeep Singh, Analyst at Quadrant Knowledge Solutions “With the technological revolution going around the market, businesses need to migrate from existing ecosystem to more optimized environment where customers demand is shifting towards using applications that function on high speed. Getting deeper visibility into SaaS apps within the enterprise, revealing the interconnections and interdependencies of SaaS apps, understanding security coverage, configuration, and controlling SaaS cost has become an important aspect as SaaS usage continues to grow with the adoption of cloud in the modern era. Further, integrating SaaS optimization strategies with application portfolio management results in simplifying the IT complexities and promoting enhanced efficiencies, collaboration of businesses & IT to cater faster business requirements, reducing technological gaps by strengthening business processes, and other. Embedding APM with SaaS management helps organization to streamline their applications usage and a granular view on their application lifecycle which creates future stability for new business objectives and faster go to market strategy with focus on creating innovative and differentiated customer experience.”
Table of Content
Factors Contributing to SaaS and its Continuous significant Growth
Advancement in SaaS Management Platform enhancing SaaS portfolios for complete visibility and control within the Organization
Why Application Portfolio Management needs SaaS Optimization Strategies?
Integrating SaaS management with Application portfolio Management Leading to value creation for modern businesses
Significant Benefits of Incorporating SaaS Optimization Strategies with APM
Conclusion
This Market Insights is a part of Quadrant’s and Enterprise Architecture Planning practice.
