As 2023 comes to a close, it's clear that Sastrify's journey this year has not just been about enhancing SaaS procurement — it's been about redefining it and making managing software easier.

Each update, from Pricing Benchmarks to Usage Analytics, and the SastriCloud, has been a step towards empowering businesses to navigate the complex world of SaaS with ease and confidence.

Let’s take a quick at what 2023 brought to the procurement table:

1. Upgraded Tool Store  

To optimize your SaaS stack, you must start at the beginning of the procurement journey. That’s why allowing your whole team to visualize your current stack and browse new tools from one place is essential.

A new Viewer role allows for unlimited team member invitations, enabling them to browse existing tools, request new ones, and track these requests with ease. 

This is all available from the Tool Store page, which provides a shareable and centralized view of your company-wide tech stack.

2. SastriMarket 

According to Sastrify data, negotiating your contracts demands over 650 hours of decision-maker time each year.

But in the SastriMarket, companies can skip the usual negotiation hassles and go straight to signing great deals.

Buying SaaS before the SastriMarket:

Step #1: Requests for information, proposals and quotes

Step #2: Months of back-and-forth negotiations

Step #3: Eventually sign a contract

Buying SaaS with the SastriMarket:

Step #1: Find ready-to-sign discounts on SaaS

Step #2: Start using the software ASAP

Step #3: Save your IT budget

3. SastriCloud 

Most companies overspend on cloud costs by up to 30%. That's a lot of budget that could be allocated elsewhere, and the reason we launched the SastriCloud. 

Through Sastrify's exclusive partnerships, you can now optimize all of your SaaS and cloud spending in one place — to instantly improve your cash flow.

Whether you’re using AWS, Microsoft Azure, or Google Cloud Platform SastriCloud can reduce your cloud costs by up to 30%.

4. Usage Analytics

You can't improve what you can't measure. That's why we introduced advanced Usage Analytics to the Sastrify platform.

With these insights, companies of all sizes can easily track which tools are being used and rightsize contracts based on actual usage.

But the best part?

All it takes to access this data is a direct connection with your favorite tools or an SSO connection to tackle multiple tools at once. It's all right at your fingertips.

5. Procurement Initiatives 

Defining and following procurement processes is crucial for scaling companies that buy and manage software.

Fortunately, one of Sastrify’s recent product updates made it possible for everyone to define and follow a standardized process for SaaS procurement.

The Procurement Initiatives feature lets you follow predefined procurement processes for new purchases and tool renewals, eliminating the need for chasing relevant stakeholders or scattered information.

Say goodbye to the days of delays and sifting through tons of different channels for information. With Sastrify, all your procurement initiatives are centralized in one place and customized to fit the needs of your business. 

6. Overhauled Navigation

We wanted to make it as easy as possible to check the overall status of your SaaS stack as well as the statuses and dates of your tool renewals.

That's why we've redesigned our Overview page. Now, everything you need to know about your tech stack is available at a glance. 

We also redesigned our Savings page, plus the Tool Stack table has been enhanced with budget and source columns, persistent sorting, and advanced filters for a more engaging interaction.

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7. In-App Notifications 

In a world of infinite emails and pings, keeping track of key updates is vital.

To ensure Sastrify customers never miss a crucial update, we're excited to announce the addition of in-app notifications to our platform.

The Sastrify platform now offers real-time, customized notifications based on individual user profiles so teams can easily stay in the loop regarding relevant upcoming renewals, comments, required actions, and more.

8. Pricing Benchmarks

Knowledge is power, especially when it comes to negotiations.

With Sastrify's new Pricing Benchmarks feature, you can now get instant insights into competitive SaaS pricing right from your Sastrify dashboard. 

By leveraging our database of more than $2 billion in processed software spend, you’ll know for certain whether you're getting a competitive deal.

It’s never been easier to start every negotiation on the right foot: informed.

9. SSO Integrations Update

SSO integrations are a pivotal step in transforming your ease of SaaS management.

By integrating Sastrify with Google, Okta, or Microsoft SSO, you can get a real-time overview of your business's tech stack and SaaS usage.

Imagine seeing every subscription across your organization, all integrated seamlessly into Sastrify. This level of integration offers serious benefits, such as:

• Automatic discovery of company-wide subscriptions; and
• Detailed usage analytics for each tool

It’s never been easier or faster to import and analyze your SaaS stack. 

Final thoughts

Sastrify's commitment to innovation and customer-centricity has not only set a new benchmark in the industry but has also paved the way for a more efficient, informed, and cost-effective future for software management. 

As we look ahead to 2024, Sastrify stands not just as a tool or a platform, but as a partner for businesses in their journey towards digital excellence and financial prudence.