Lynn Johnson, Director of Business Systems at Seattle’s Qumulo software, laughs when asked about the moment she realized she needed a tool to manage the growing software use inside her 180-person, file storage technology company: “My CFO walked into my office and said, ‘I’m putting you in charge of our company SaaS’”.
A peek behind-the-scenes at Bowery Capital’s exclusive Finance & Ops Summit 2018 event. This invite-only event brings together over 100 executives from market-leading startups to swap insights, share learnings and discuss the financial and operational implications of managing high-growth software businesses.
Wouldn’t near-automation of SaaS budget planning be nice? For Cleanshelf customers deploying our easy software planning tool, this isn’t fantasy. Instead of waiting on unanswered emails from department leaders to get the spend and growth inputs needed, Cleanshelf builds your plan with data-driven analysis to suppor overall budgeting.
Building cost-consciousness and actively aligning spend to return-achieving initiatives is the holy grail target of financial management. Increasingly, it’s also the outcome for companies applying the resurgent idea of zero-based budgeting.
Only two years ago a surprising majority of private software companies were publishing their license pricing online for the whole world to see. But the trend didn’t last and today, the pendulum is swinging back.
Cleanshelf has found that the Salesforce’s significance leads to a surprisingly costly decrease in license management and optimization vigilance. License optimization using Cleanshelf's cross-departmental support has helped one client unlock $40,000 of Salesforce licenses hiding in plain sight.
PwC’s recent industry benchmark report suggests that igniting growth must increasingly define effective finance departments. This transition recognizes the ‘soft power of the CFO’ and is part of a necessary maturing of the finance role beyond simply score-keeping, governance and controls.
SaaS has surged up through the ranks of enterprises, in many cases bypassing the traditional IT gatekeepers. By understanding the types of applications being brought into the organization, IT may learn what gaps exist in the more secure, enterprise sanctioned offerings and prioritize some additions to the corporate stack.