As CFO, you probably see the risks with colleagues investing in subscription services unplanned. But it is challenging to address it without sounding narrow and backwards-looking. You are like a captain who tells the sailors that the boat is slowly sinking, but you can not show where the holes in the hull are.
The fact that subscription services within companies increase by 30% every year is not worrying. What is worrying is that abandoned and unused subscriptions are growing even more. Companies today are spending money like never before on spontaneously buying subscriptions that no one barely uses. We want to change that: as a CFO, you should always be able to have an updated overview of your company's subscriptions so financial gaps will stay manageable.
Get a complete overview, correct errors, and save money
As CFO, a large part of your work is to analyze the company's financial strengths and weaknesses and propose corrective measures. There is no difference in subscription management – there are errors to correct and money to be saved in subscription management.
In Substly's platform, you, as CFO, can:
- Find out how much each person and department spends on digital subscription services.
- Identify any overlap between services used within the company to see if consolidation is possible.
- Easily add new subscriptions and users to keep your subscription management up to date.
Specific benefits of using Substly as a CFO
As a CFO, the direct benefits you can get from working with subscription management through Substly are primarily a basis for setting boundaries. Substly's budget functions show how much money colleagues and departments spend on subscription services. Substly simplifies the ability to form internal budgets and gives you a sense of control.
Free up time and money
We at Substly know that you have more important things to think about than subscription management. We have made our platform as simple as possible to use. When subscription services are increasing more than ever, Substly allows you to invest time and focus on anything other than subscription management.
