Businesses waste $17 million a year on unused SaaS apps

A new report from enterprise SaaS management firm Zylo finds that on average, 44 percent of businesses' SaaS licenses are wasted or underutilized, and the average organization wastes $17M in unused SaaS licenses every year. Enterprise organizations (those with 10,000 employees or more) spend over $224M annually on SaaS but only utilize 50 percent of their SaaS licenses The report also shows that 70 percent of SaaS application contracts were renewed in 2023, despite being underutilized. The average organization also adds six new apps to its tech stack every month 'For companies looking to reduce costs and navigate budget constraints,… [Continue Reading]