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Why Organizations Need SaaS Management Platforms (SMPs) for Effective SaaS Portfolio Management

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As organizations increasingly turn to Software as a Service (SaaS) solutions, the challenges of managing SaaS portfolios have become more prominent. SaaS applications offer flexibility, scalability, and streamlined access, empowering employees and departments to independently adopt and integrate tools that meet their unique needs. However, this ease of acquisition can lead to a chaotic SaaS environment where traditional tracking methods, like spreadsheets, fall short. Here’s why organizations are now turning to SaaS Management Platforms (SMPs) to address the complex challenges that come with expanding SaaS portfolios. Lack of Comprehensive Visibility into SaaS Usage In most organizations, new SaaS tools are added regularly by various departments, often without oversight from IT or procurement teams. With each tool acquisition, the challenge of maintaining an accurate and comprehensive view of all SaaS applications grows. Without an SMP, it’s difficult for organizations to keep tra...