For the past 18 years, I have had the privilege of serving as CTO for multiple organizations, experiencing firsthand the rapid evolution of enterprise IT. The past 15 years, in particular, have been transformative with the rise of SaaS-based B2B applications. While SaaS has unlocked incredible agility for businesses, it has also introduced new challenges—especially when it comes to cost control and visibility.

One of the most common pain points I’ve observed across various industries is the disconnect between IT and accounting teams in managing SaaS expenses. Before the SaaS era, procurement and purchase departments oversaw IT expenditures, ensuring financial oversight and cost efficiency. However, with the shift to SaaS subscriptions, IT departments have taken over this responsibility. While this has allowed IT teams to rapidly adopt tools that meet business needs, it has also led to uncontrolled spending and underutilized licenses, ballooning SaaS costs for many companies.

Introducing LicenseWise: an efficient way to manage SaaS subscriptions

LicenseWise is designed to bring visibility back to enterprise SaaS spending while ensuring IT departments retain flexibility. Our platform helps businesses manage their SaaS licenses efficiently, ensuring that both IT and accounting teams have clear oversight of their subscriptions.

Here’s how LicenseWise makes a difference:

1. Detecting unused licenses – LicenseWise continuously monitors SaaS subscriptions and alerts businesses when licenses are inactive or underutilized, helping to prevent unnecessary expenses.
2. Centralized invoice management – SaaS providers often make it cumbersome to retrieve invoices. LicenseWise simplifies this by consolidating all SaaS invoices in one location, making it easier for accounting teams to track and manage expenses.
3. Optimized license allocation – Using advanced usage telemetry, LicenseWise analyzes employee usage patterns. If a user has a license that exceeds their actual usage needs, the platform suggests a downgrade to a more cost-effective tier, reducing monthly subscription costs.
4. Seamless integrations – Today, LicenseWise is fully compatible with Office 365, and we are actively working on adding support for Google Workspace and other major SaaS providers to expand its capabilities.

Leveraging my experience as a CTO in various industries, I’ve seen firsthand the struggles businesses face in optimizing SaaS spending. LicenseWise was built to solve this challenge, providing organizations with the tools they need to streamline SaaS license management while improving financial oversight.If your company is looking to regain control over SaaS costs and optimize license usage, stay tuned as we continue to expand LicenseWise’s capabilities.

Visit LicenseWise to learn more and stay updated on our latest developments.