Introducing Vendr's overlapping spend report: the key to smarter spending

In today's ever-evolving software landscape, it’s a challenge to keep track of your company’s SaaS spend. With so many different departments, projects, and vendors, it can be difficult to get a clear picture of where your organization's budget is going, and what products everyone is using to get the work done.

But what if there was a solution that could help you identify areas of overlap, reduce unnecessary expenses, and improve your bottom line?

Vendr's overlapping spend report does precisely that

This new tool provides a comprehensive view of your company's spending, helping you identify areas where you may be overspending in duplicating apps and making it easier to make adjustments and consolidate where possible. By providing you with this level of detail, you can make informed decisions about budget and resource allocation, ultimately leading to more cost savings.

Identify areas of overspending

One of the most powerful features of Vendr's overlapping spend report is its ability to help you identify areas of duplication in your tech stack. For example, if multiple departments use different suppliers for the same use case, you will likely pay more than you need.

By highlighting these areas of overlap, this report gives you the information you need to make changes that can lead to cost savings for the business.

For example, three departments are paying for three different project management solutions. Identifying these three similar apps can be complicated if you aren’t current on all the project management tools. You can’t see how the feature sets and functionalities overlap without deep insight into each tool.

However, with the overlapping spend report, Vendr will show you which apps are similar in category, the combined contract annual spend, the owners of each product, and the contract details, including renewal dates. This information on each tool gives you insight into where and how you can cut overspending.

Get transparency into your tech stack

When you start reducing your duplicating apps and vendors, knowing the commercial details for each product within your organization is important.

You need transparency into the contract renewal dates, the opt-out dates, the amount spent year-to-date, and the contract value to evaluate the best tool to fit your company's needs. Vendr has centralized information across multiple systems to identify apps and spend, giving the overlapping spend report the ability to compare and break down each category in which you have multiple products. This information eliminates your need to go through each contract individually or additional research within the tool. Make decisions faster with more information, ensuring you’re using the right products for your business needs.  

If you’re looking for a report to give you the insight and transparency you need regarding your organization's buying habits, Vendr's overlapping spend report is the solution you need to take control. It can help you save money, make better decisions, and improve your bottom line.

Learn how you can wrangle duplicative spend, in addition to getting ahead of renewals and driving organizational compliance with a demo of Vendr.

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