CloudEagle.ai in the Gartner® Magic Quadrant™: Revolutionizing SaaS Management with AI/ML Innovation
$1,000 to $3,500.
That’s how much enterprises are spending per employee on SaaS tools, which can quickly add up to $40-$100 million annually for large organizations. Despite this significant investment, studies show that 30%-40% of IT budgets are wasted on shadow IT, unused licenses, and poor SaaS management practices.
This inefficiency inflates costs as well as impacts the ROI of SaaS investments, leaving organizations struggling with SaaS sprawl and governance challenges.
In just three years, CloudEagle.ai has tackled these critical issues head-on, earning a spot in the 2024 Gartner® Magic Quadrant™ for SaaS Management Platforms.
Our AI/ML-driven platform is designed to address the most pressing SaaS management challenges while optimizing costs, improving governance, and enhancing the ROI of enterprise software investments.
What Problems Do Enterprises Face in SaaS Management?
Lack of Visibility Across the SaaS Lifecycle
Enterprises typically manage 300-400 SaaS applications, but many rely on outdated SAM (Software Asset Management) or ITSM (IT Service Management) tools designed for on-premise software. These tools provide only surface-level insights and limited integrations, leaving critical gaps in visibility across the SaaS stack.
Surface-Level Insights Impact Optimization
Without deep visibility into app usage and license adoption, organizations miss out on opportunities to optimize their SaaS stack. For example, you might know how many people use an app like Zoom but lack insights into specific feature usage or underutilized licenses.
Manual Workflows Drain Resources
From tracking renewals to managing app provisioning, manual workflows consume valuable IT and procurement resources. This increases the risk of errors, missed deadlines, and unnecessary spending.
Inefficient Change Management
Introducing new SaaS tools often overwhelms employees due to a lack of intuitive onboarding and integration. Bidirectional workflows are crucial but missing in many traditional platforms, creating friction for end-users.
Missed Negotiation Opportunities
Incomplete data on SaaS usage leaves procurement teams at a disadvantage during contract negotiations. Without actionable insights, teams often overpay for tools like Salesforce or Slack.
Poor ROI from Idle Licenses
Unused licenses are a silent budget killer. Without proper tracking, organizations continue to pay for seats that aren't being used, contributing to poor ROI and inflated SaaS costs.
How CloudEagle.ai Solves SaaS Management Challenges
CloudEagle.ai goes beyond traditional SaaS discovery tools to provide a comprehensive solution for managing the entire SaaS lifecycle. Here’s how:
Complete Visibility and Shadow IT Mitigation
CloudEagle.ai offers a single pane of glass into all SaaS applications, including both managed and unmanaged tools. The platform’s automated alerts flag unsanctioned apps purchased via corporate credit cards, helping enterprises proactively address shadow IT risks.
Granular Insights Through Deep Integrations
With 500+ direct integrations, CloudEagle.ai delivers detailed insights on SaaS usage and performance. Unlike other platforms that provide high-level data, CloudEagle.ai tracks metrics like meeting durations in Zoom or envelope usage in DocuSign, enabling precise optimization.
Seamless Bi-Directional Integrations
CloudEagle’s integrations with tools like Slack, Jira, and ServiceNow empower teams to manage renewals, approvals, and app requests directly from their existing platforms. This eliminates the need for employees to navigate new interfaces, reducing friction and increasing productivity.
Automated Workflows for Effortless Management
From employee onboarding/offboarding to renewal tracking, this platform’s configurable workflows save time and reduce manual effort.
For example:
Onboarding workflows ensure new hires have immediate access to the required tools.
Renewal workflows prevent auto-renewals by sending proactive alerts.
License reclamation workflows automatically reassign unused licenses, maximizing ROI.
AI-Powered Price Benchmarking
Negotiating SaaS contracts is easier with real-time pricing intelligence powered by our SaaSMap database, curated from 2B+ transactions, on-field experts and vast network of SaaS buyers.
Procurement teams can leverage industry benchmarks and vendor pricing data to secure better deals.
License Harvesting for Cost Savings
By identifying inactive users and underutilized licenses, CloudEagle.ai enables teams to reclaim and reassign licenses, driving immediate savings.
Looking Ahead: The Future of SaaS Management with CloudEagle.ai
Our product roadmap is directly aligned with customer needs, focusing on delivering smarter, more efficient SaaS management capabilities. As Gartner stated in their 2024 Magic Quadrant for SaaS Management Platforms:
“CloudEagle’s roadmap is directly aligned to customer needs and looks to help close the gap with its leading competition.”
This acknowledgment highlights our commitment to innovation, ensuring enterprises can optimize, govern, and renew their SaaS portfolios effortlessly.
Here’s a sneak peek into what’s next:
Predictive Suggestions: AI-driven recommendations to streamline tasks.
Natural Language Processing (NLP): Interact with CloudEagle.ai using simple commands.
Collaborative Workspaces: Enable team collaboration on renewals and updates.
By focusing on automation, actionable insights, and user-centric features, we’re preparing organizations to meet the future challenges of SaaS management with confidence.
Being recognized in the 2024 Gartner® Magic Quadrant™ is a milestone for CloudEagle.ai, but it’s only the beginning. We’re committed to driving innovation in SaaS management and empowering enterprises to optimize costs, govern usage, and maximize ROI with ease.
Join us as we continue to redefine the future of SaaS management.
Ready to see what CloudEagle.ai can do for your organization? Book a Demo | Calculate Your SaaS Savings
On a side note, which of these innovations do you think will make the biggest impact on how you manage SaaS in your organization? Drop your thoughts. 👇