Productiv expands partnership with Cloud Financial Solutions to help teams adapt to SaaS management
The company’s SaaS Intelligence™ platform now integrates with Sage Intacct and SAP Concur solutions, giving businesses greater spend visibility and cost optimization opportunities
PALO ALTO, California, December 13, 2022–(BUSINESS WIRE)–Today, Productiv announced new strategic partnerships to make it easier for businesses to get the most value from their SaaS portfolios at scale. Today’s news comes as companies look more critically at reducing consumption and optimizing costs in an uncertain economic climate. In particular, business leaders are looking for solutions to help IT, finance and procurement teams coordinate spend visibility, cost rationalization and renewal management – especially for SaaS applications, which have exploded in use.
Productiv’s new financial connectors make it easier for organizations to bring employee expense and vendor invoice data into the SaaS Intelligence™ platform – enabling IT, procurement, finance and business leaders to align with trusted data and deep insights for proactive to manage, optimize consumption and operate. operational efficiency across their SaaS applications. By using SaaS Intelligence™, IT and business leaders can become more confident in their decisions and actions, whether it’s right-sizing the SaaS investments, managing renewals or reducing risk exposure.
Align around reliable data with better access to Concur Expense and Concur Invoice
Available on the SAP® Concur® App Center, businesses can now use the Productiv for Concur Expense and Productiv for Concur Invoice connectors to programmatically integrate expense and invoice data into the SaaS Intelligence™ platform, which uses machine learning to automatically identify SaaS vendors and map all the unstructured SaaS spend and payment data to the relevant providers, retailers and apps. Insights into team and employee consumption, combined with usage data, help identify opportunities to optimize costs. Applications discovered through this consumption data can be reviewed for compliance risk. In addition, Productiv customers no longer need to license the SAP Concur Web Services module to use Productiv’s Concur Expense and Concur Invoice connectors, and direct onboarding can be done in under five minutes.
Discover SaaS App Use Easier Using Sage Intacct Connector
Productive customers can now ingest data from Sage Intacct programmatically, with artificial intelligence that automatically assigns unstructured payment data to apps, suppliers and retailers. Users can quickly and easily see spending on SaaS applications on an app-by-app basis over time and understand spending behavior at an individual level. Sage Intacct’s integration testing and certification process helps ensure data quality and integrity.
“Our platform currently connects to hundreds of HR, payments, expense, contract lifecycle management and app engagement systems, helping to enable businesses to discover and leverage up to 100% of their SaaS engagement,” said Mark Piesanen, vice president for strategic alliances at Produktiv. “Our new partnership with Sage and SAP Concur provides even greater visibility and access to reliable SaaS usage data, helping leaders across organizations align with purchase and renewal decisions.”
Productiv is the only SaaS Intelligence™ platform for the modern enterprise. More than a SaaS management solution, Productiv equips IT, finance, procurement and business leaders with trusted data to proactively manage and drive operational efficiency while increasing employee engagement across SaaS applications. This employee-centric, data-driven approach combines billions of employee app usage data points with vendor contracts and organizational data, allowing teams to easily come together to optimize spend, manage renewals, and rationalize SaaS portfolios with automated workflows. Founded in 2018 and backed by Accel, IVP and Norwest Venture Partners, Productiv is on a mission to align IT and business leaders to make the most of their SaaS portfolio at scale. To learn more about Productiv, click here.
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Jessica Jaffe at Sift PR