In today’s subscription economy, firms consume a broad range of services in order to meet their complex business needs. Many of these firms still rely on complex spreadsheets or other tools supporting manual processes to manage their subscriptions.
By automating inventory management across the range of subscription services, firms can eliminate these manual systems and save time, money and resources.
Automating inventory control allows firms to analyze existing costs and predict upcoming spend relating to information and subscription services consumed across the enterprise. This in turn supports accurate reporting of usage and cost data to your users, financial controllers and auditors.
It allows you to deliver on cost transparency, and manage risk and compliance. Finally, this approach supports supplier negotiations with evidence-based intelligence, helping to optimize contract renewals.