How much does a startup spend on SaaS subscriptions
In recent years, digital subscriptions among companies have increased significantly. New innovative digital services make it easier for companies to solve their daily challenges. But growth means that you risk losing control, and the question of how much money your company spends on digital subscriptions is becoming increasingly difficult to answer.
This article will tell you how much a startup of 11 employees spends on subscriptions.
How much does an average company spend on digital subscriptions?
Before we tell you how much we at Substly spend on digital subscriptions, we will dive deeper into the growth of digital services in companies in recent years.
In recent years, the use of digital services within companies has skyrocketed. This, primarily due to the rapid development of technical solutions. Today, some digital services and applications handle tasks that required several employees to operate only a few years ago.
- A medium company has, on average, a 2.05 Million EUR total SaaS spent in 2020.
- Compared to two years ago, the overall spend per company on software-as-a-service products is up by 50%.
- The average company uses 137 unique SaaS apps on average. That’s a 30% increase from 2018.
- There are, on average, 4,406 app-to-person connections for an average company.
The increase in digital services among companies is not necessarily negative. It is somewhat positive as it usually means a reduced workload and makes it easier for companies to solve tough challenges. But increase, whether it comes to digital subscriptions or other tools, also comes with a risk of losing control. The more you have, the more you waste.
But that does not have to be the case; you can both have your cake and eat it too.
The key lies in control and overview. If a company has power and a good overview of their digital services, they do not have to waste money on subscriptions they do not use.
How much do we at Substly spend on digital services?
So how much does a small startup company with 11 employees spend on digital subscriptions? We can easily show you this with the help of our very own digital service tool.
- 17 078 EUR in total last 12 months
- 1190 EUR per employee at the moment
With Substly’s digital tool, you can see which services you use and how much you will each year and month. You can also see which employees use which services and when they will be renewed.
Some of Substly’s features that simplify the management of digital subscriptions:
- Integrated survey´s for collecting insights about your employee’s usage
- Services and cost per employee
- Reminder when services will renew
- Cost per user group
- Overview of the expenses per month and year
- GDPR-overview for security
Inclusion and manageability are essential to succeeding
With Substly’s tools, more people are included when managing subscriptions, which is an excellent advantage if you want to make sure that no money in your company is lost or that an old employee has access to old accounts.
Usually, a company’s digital subscriptions are operated in a rather dull excel sheet that probably only one person fully understands. The benefits of this are… None at all. Inclusion and manageability are essential if you as a company want to keep control of your digital subscriptions. If you use a tool that includes more employees in the team to split the burden, the result will be fewer misunderstandings and less tedious communication.
Secure your data by adding all subscriptions
Financial savings is key to a successful business, but safety comes first after all. By adding which subscriptions which employees use, you also prevent unwanted dissemination of information.
It may be difficult to see that any previous employee of your company would spread confidential information outside the business. But the reality is different, so the only thing that can be done is to make sure that a former employee no longer has access to previous digital services. But without a digital system for your subscriptions, this is more difficult than one might think.
As previously mentioned, a regular company’s digital subscriptions among employees are usually operated in an excel sheet. However, Excel’s is a tool that does not contain the functionality to see which subscriptions belong to which employees. Instead, the company’s joint subscriptions are registered with prices on the same sheet. Still, If you were to list who uses which subscriptions, there is still a risk that the former employee would pass on classified information.
The chance is slight that a company that works in Excel would list all the free subscriptions linked to the company. This, as the effort, is simply not worth it.
Substly’s digital tool makes it easy to track which subscriptions belong to which employees, both paid as free subscriptions. If an employee quits, you can easily via Substly’s tool, see which services the person uses and thus prevent unwanted information from being spread outside the company’s walls.