The Hidden Costs of SaaS Oversubscription: Data-Driven Insights and How Schooley Mitchell Can Help
Introduction
The adoption of Software as a Service (SaaS) has skyrocketed over the past decade, with organizations leveraging these cloud-based solutions for flexibility, scalability, and cost-effectiveness. However, a data-driven analysis reveals a concerning trend: most businesses, municipalities, and hospitals are oversubscribed to SaaS services, either from a license usage or features usage perspective. This oversubscription leads to significant financial waste and operational inefficiencies.
According to a 2022 report by Flexera, companies estimate that nearly 33% of their SaaS spending is wasted due to underutilization. This article delves into the data behind SaaS oversubscription and explores how Schooley Mitchell, North America's largest independent cost reduction consulting firm, can help organizations optimize their SaaS expenditures.
The Data on SaaS Oversubscription
License Underutilization
Features Underutilization
Financial Impact
Sector-Specific Insights
Businesses
Municipalities
Hospitals
Why Oversubscription Happens
The Role of Schooley Mitchell
Schooley Mitchell specializes in cost reduction consulting, helping organizations optimize expenses across various services, including SaaS subscriptions. With over 20,000 clients and a presence across North America, Schooley Mitchell has saved businesses an average of 28% on their expenses.
How Schooley Mitchell Can Help
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Case Studies
1. Manufacturing Firm Reduces SaaS Costs by 32%
A mid-sized manufacturing company was spending $600,000 annually on SaaS subscriptions. Schooley Mitchell's audit revealed:
Outcome:
2. Municipality Saves $500,000 Annually
A city government faced budget overruns due to escalating SaaS costs. Schooley Mitchell identified:
Outcome:
3. Hospital Enhances Patient Care with SaaS Optimization
A regional hospital's SaaS spend was impacting its ability to invest in patient care. Schooley Mitchell found:
Outcome:
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Conclusion
The data is clear: oversubscription to SaaS services is a widespread issue causing significant financial waste across businesses, municipalities, and hospitals. By taking a data-driven approach to analyze and optimize SaaS usage, organizations can reclaim wasted expenditures and redirect funds to strategic initiatives.
Schooley Mitchell offers the expertise, tools, and proven strategies to help organizations tackle SaaS oversubscription effectively. By partnering with Schooley Mitchell, organizations can achieve substantial savings, improve operational efficiency, and enhance their competitive edge.
About Schooley Mitchell:
Schooley Mitchell is the largest independent cost reduction consulting firm in North America, with offices coast to coast. They deliver expertise to help businesses optimize expenses in telecommunications, merchant services, shipping, waste management, and SaaS subscriptions. With a commitment to client success, Schooley Mitchell has helped thousands of organizations save millions of dollars without compromising service quality.
For more information on how Schooley Mitchell can help your organization optimize SaaS spending, contact Keith Harpelund at 847.485.0400 x100