Subscription management for companies: Finally in one place
The popularity of subscriptions has grown rapidly in recent years – partly because numerous software offerings have switched from the classic “buy once, use forever” model to licensing models or SaaS subscriptions. SaaS stands for “Software as a Service” and means: software as a form of (on-demand) service. The use of SaaS is then billed according to time period or volume of use. This leads to new or increased challenges in finance departments:
Recurring payments have always existed, but when suddenly over a dozen – and often many more – (software) subscriptions are used in the company, the overview of costs, budgets, performance periods, etc. is quickly gone. Not only do these subscriptions increase the number of invoices sent to the finance department, but there is also the risk that unused subscriptions can lead to unexpected costs that are easily overlooked. So it’s high time for you to act!