Calculate the ROI of your SaaS investment

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Measuring the return on investment (ROI) for your SaaS tools is crucial in understanding their value.

Hann says: “How often have we heard that procurement or the IT team wants to cancel a particular contract? People pipe up and say, ‘No, we need that!’ But do you truly understand how efficiently they are using that tool?”

To calculate ROI, you need to assess how much value each tool brings compared to its cost. This involves looking at the usage data, the impact on productivity, and any financial benefits derived from the tool.

Hann says: “What are they using the most? What is driving the value? Is it worth renewing that particular licence?”

Consolidate your tech stack
Now that you have a clear understanding of your SaaS usage and ROI, the next step is to consolidate your tech stack.

Objective data on how employees are using each tool can list of brazil cell phone numbers help surface applications that are underutilised or redundant, enabling more informed decisions about which tools to keep and which to cut.

Start with the low-hanging fruit – software no one is using. Then move on to the products with duplicated functions.

Fullstory’s Hann also recommends revisiting licence agreements. She says: “Eliminating unutilised licences can help you to better negotiate.”

By consolidating your tech stack, you not only reduce costs but also simplify your IT infrastructure, making it easier to manage and maintain moving forward.