There’s a growing and escalating issue around the increasing number of SaaS applications and spend at companies today. Much of that is attributed to hidden SaaS purchases – or shadow IT. In this episode, Zylo Co-founder Ben Pippenger sat down with our friends at the SAP Concur Conversations podcast to discuss how to uncover shadow IT and where to start addressing it.
Episode Highlights
- [02:07] Zylo's history and product
- [03:16] Employee initiated spend and SaaS purchasing
- [06:55] Employee-led spend, and a single source of truth learning about SaaS spend
- [09:11] Hidden spend and misclassification of costs
- [10:15] Compliance, security, and the risks of not having a Software Asset Management plan
- [13:25] Every company that uses software needs a SaaS management system
- [16:53] Taking an expense perspective with SaaS Management
- [20:31] Getting all the teams in an organization on board
- [24:15] Misclassification and entertainment purchases
- [26:01] Thoughts on growth and the need for SaaS management tools
