Our latest blog post: How to Reduce Costs with a Cloud Cost Management Tool RFP
#Procurement #SaaS #saascost
Follow
Procure.FYI
@procureFYI
Procure.fyi - Database and RFQ platform for SaaS pricing, introduce information transparency and market efficiency to SaaS reselling
Procure.FYI’s Tweets
Our latest post: Buyers can reduce #JIRA Software Prices by 20-25% through a reseller
procure.fyi/blogs/jira-sof
#Procurement #SaaS #saascost
Check out our free database for procurement transaction data, references from 40+ transactions and it is totally free procure.fyi
Quote Tweet
RFQ: Request for Quote. When a company asks for price estimates from potential vendors
Show this thread
1
19
Q1 #AWS YoY revenue growth in the "mid-teens" vs expectations 19%. AWS revenue also grew only 20% vs guided ~25%. AWS operating margin is 24.35% this quarter vs 29.77% 2022 and 26.31% in Q322.
Oof
Many people interviewed increasingly care about SaaS ROI. Return is still hard to define while the problem with investment, after using one of many observability tools, is “what can you actually do tactically to reduce cost?”
Quote Tweet
A startup with 35 employees has an average of 102 SaaS tools.
Clear sign of tougher SaaS sales cycle if you combine what we see from ’s sales cycle report. Expect data shows similar trend.
Quote Tweet
On-demand compute spend was the lowest we have ever measured, as companies opted for long-term commitments in Q4.
Show this thread
3
On-demand compute spend was the lowest we have ever measured, as companies opted for long-term commitments in Q4.
1
2
2
Show this thread
Today we dive into the great q4 spending report on cloud spending by , vantage.sh/cloud-cost-rep "On-demand spend as a percentage of all compute spend came in at just 31.36% to end Q4, down significantly from the 50.19% " More insights see the report in the link
2
A pretty neat example to avoid the nightmare scenario of exponential saas cost if your pricing is usage based
1
We just updated our latest #SaaS pricing data to include now 49 companies' 40000 pricing points, take a look so you never get misquoted for you SaaS procurement again, 100% free procure.fyi/portal
Yes they are. We are seeing more and more companies checking our free SaaS pricing database to benchmark how much they pay procure.fyi/sign-up
Quote Tweet
I'm hearing more startups and scaleups focusing on reducing vendor spend, with the start of the new year, devs working on projects to e.g. reduce spend on eg infra SaaS systems / find cheaper ones.
If you're an engineer or decision-maker, would love to hear details. DMs open.
Show this thread
3
Building a budget is hard.
Aim too high? You might fail 📉
Aim too low? Miss out on growth📈
What if we told you there's a better way?
On Atlas, shares his Goldilocks budget for CFOs, with instructions and a sample. Dive in ⬇️
8
29
177
We cut our SaaS expenses by over 50% and have reduced the number of SaaS vendors by 66% over the last 12 months for one our companies. Don’t see a negative impact in the business from these cuts. Everyone should check their SaaS expenses and make sure they are spending wisely.
44
69
572
New Post - "Sales in 2023 & Rise of CFO Power"
-CFOs are heavily involved in most software purchases now
-Some interesting software purchasing data from
Read on for highlights 👇🧵
11
34
115
Show this thread
Or you can be like us - try to make tech ecosystem more efficient 🧐
Quote Tweet
genuinely curious: why do you think so many tech people leave tech to be life coaches/new age spiritual practitioners?
Show this thread
Quote Tweet
[Podcast] @RyanRNeu, Founder & CEO of @VendrHQ takes us through his career path, his experience at Y Combinator, shares the details on Vendr, gives some great advice on why entrepreneurs should think BIG about their business from day one, & much more!
mtr.cool/kjuemybbwx
1
4
We decided on a #roadmap going forward, the goal is to help the public optimize SaaS cost savings and procurement efficiency this year, let us know what you think!
1
Part of what inspired us in our job to look into ways to benchmark and optimize software procurement cost and make it available to others. from How companies can slash ballooning SaaS costs tcrn.ch/3XXKerH via
“Facebook Ad spend tanked by 22.6% between Q2 & Q3 of this year, while Google only dropped by 7.6%.” From ummmmmmmm 💭
1
3
Software as a Service (#SaaS) #cost optimization for #enterprises involves identifying and implementing strategies to reduce the costs associated with using SaaS applications. Here we identify a few of our favorite #procurement tactics.
1
Software resellers, also known as value-added resellers (VARs), are companies or individuals that purchase software products from software vendors and resell them to customers. Here we dive deep into how do they price their products.
You don't need millions of customers
or even thousands
If you can get 475 customers to pay $49/mo you can exit for $1,000,000
68
66
911
Apple Search Ads are here to stay. 🍎
Spending on Apple Ads is now twice the size of Snap Ads – 1.5% of our overall spend, vs. 0.7% at Snap.
Full free report: ramp.com/reports/q3-202
2
25
"The quarterly Morgan Stanley #CIO survey suggests that CIOs believe #IT budgets will grow 2.7% in 2023. The expectations 1 quarter ago was for 2.8% growth in 2023. The average yearly growth in IT budgets from 2010 - 2019 was 4.1%"cloudedjudgement.substack.com/p/clouded-judg
Cash efficiency is an interest metric in evaluating how efficient companies spend and scale. "SaaS companies have been more efficient in generating recent revenue as opposed to revenue since day 1."
spending: storage > computing based on one example
Show this thread
Quote Tweet
We spent $3,201,564.24 on cloud in 2022 at @37signals, mostly AWS. $907,837.83 on S3. $473,196.30 on RDS. $519,959.60 on OpenSearch. $123,852.30 on Elasticache. This is with long commits (S3 for 4 years!!), reserved instances, etc. Just obscene. Will publish full accounting soon.
Show this thread
1
Show this thread
1
The public sector, including the federal government, publishes software cost, sporadically located and difficult to use as a reference. We systematically collect and analyze procurement data of over the top 50 OEMs from public resources to curate our database. #procurement
28,000 transaction records covering 28 companies Equipped with dynamic and powerful search and exploration tools powered by Airtable. Explore our preview! Please contact us for a free trial if you work in software reselling and buying space.
1
Procure.FYI introduces information transparency and market efficiency to reselling and purchasing software. Seamless price discovery, reseller communication, and quote requests, all in one place.
