There is a Software-as-a-Service tool for every business function you can imagine — from legacy CRM goliaths to project management tools and cloud storage. The proliferation of cloud-based tools shows no signs of slowing. Gartner predicts that by the end of 2023, 16% of an organization’s total IT budget will be allocated to SaaS spend, and it’s important for them to make sure that it is optimized to get the most value out of their costly investment. But amid layoffs and budget cuts, SaaS can also be an area that helps generate considerable savings, improved operational efficiency, and increased revenue.

With C-suite executives and IT…