Quolum Announces New Integration with Brex to Help Businesses Reduce SaaS Spend
Friday, May 26, 2023
Quolum's New integration with Brex Tackles the Menace of Overspending in SaaS
Dublin, Calif., May 18, 2023 /PRNewswire-PRWeb/ -- Quolum, a Software as a Service (SaaS) Management provider, today announced a new integration with Brex, the leading spend platform, to tackle the menace of overspending in SaaS.
SaaS has become the number two indirect spend for high-growth companies. Gartner research warns, ?Through 2027, organizations that fail to attain centralized visibility and coordinate SaaS life cycles will overspend on SaaS by at least 25% due to incorrect and unnecessary entitlements and not rationalizing overlapping tools and instances.- The accelerated adoption of SaaS has made companies inefficient from the accumulation of unused software products, overbought licenses, underused features, and duplicate products, escalating both security and financial risk.
This integration provides Brex's robust ecosystem of 50,000 customers with the ability to curtail SaaS sprawl by:
-- Analyzing Spend, Usage, Invoices, Contracts, and Applications -
Streamline processes and scrutinize SaaS usage with a single click to
organize, manage, and forecast spending across departments and
applications.
-- Reducing Spend on Unused SaaS Apps - Take control of costs by
consolidating apps and eradicating unnecessary ones by scaling down
contracts and revoking unused licenses.
-- Increasing IT and Finance Policy Compliance - Identify non-compliant
SaaS apps with information security controls, such as SOC2, and halt
payments to unapproved apps.
?For all the promise and opportunity that cloud applications offer, they also present new and growing challenges for budgets, security, and overall efficiency,- said Indus Khaitan, CEO and Founder of Quolum. ?At a time of economic uncertainty, organizations can curb hidden SaaS expenses using Quolum's latest integration with Brex. Our projections indicate that Brex customers can right-size up to $1.2 Billion of SaaS Spend over the next two years.-
Quolum has commenced onboarding customers utilizing this feature, enabling companies to effectively address the significant recurring cash outflows in credit card statements. The Brex integration isolates SaaS purchases, allowing organizations to regain control over their SaaS expenses within minutes.
Backed by Sequoia and Nexus Venture Partners, Quolum is a trusted partner for high-growth companies worldwide. To leverage this game-changing feature, sign up at Quolum and contact us to activate the Brex integration.
For more information, contact: pr@expertmarketingadvisors.com
About Quolum:
Headquartered in Dublin, CA, Quolum is on a mission to help organizations of all sizes regain control over unchecked SaaS and Cloud subscriptions. Quolum SaaS Management isolates software purchases from corporate credit card statements, giving Finance and IT granular visibility and control over user- or department-level subscriptions and utilization. With robust tools to purchase, monitor and analyze Cloud services enterprise-wide, Quolum is helping tech-savvy organizations save time and money while mitigating data, security, and compliance risks. To learn more, visit https://quolum.com/.
Pull Quote
?At a time of economic uncertainty, organizations can curb hidden SaaS expenses using Quolum's latest integration with Brex. Our projections indicate that Brex customers can right-size up to $1.2 Billion of SaaS Spend over the next two years." --Indus Khaitan, CEO and Founder of Quolum
Media Contact
Celeste Malia, Quolum, 1 925-708-5636, celeste@expertmarketingadvisors.com, https://quolum.com
SOURCE Quolum
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