In this episode, Jimmy Hallsworth(VP of Procurement Strategy, Spendflo) gives us an overview of what SaaS Spend Optimizaiton is and the fundamentals involved.
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Welcome to SAS Bend Optimization 101.
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I'm Jimmy Hallsworth, VP of the German Strategy at Spendflow.
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And to this series, we'll unravel the complexities
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of optimizing your SAS expenditures.
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Today, we kick things off with a fundamental question.
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What is SAS Bend Optimization?
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In the startup landscape, software as a service,
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or SAS, is the bedrock upon which operational excellence
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is built.
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But here's the catch.
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Software is in free.
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And the way you manage your SAS subscriptions
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affects your bottom line.
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SAS Bend Optimization is about getting the most out
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of your software investments while minimizing waste.
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It largely has to do with strategically managing
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your SAS subscriptions to ensure you're not overspending
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or underutilizing resources.
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Now, how does this work?
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SAS Bend Optimization involves several key steps.
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First, discovery.
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You need to identify all your SAS subscriptions.
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This might be trickier than it sounds,
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as different departments often sign up for their own tools.
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It's like being a detective, searching
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for all the software tools hidden throughout the organization.
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Once you have a comprehensive list,
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it's time to dig deep, analyze each subscription
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to understand its costs, usage, and relevance
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to your business.
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Second, rationalization.
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Not all subscriptions are created equal.
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Some might be redundant, outdated, or simply unnecessary.
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It's time to trim the excess and streamline
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your software portfolio.
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Picture it as decluttering your workspace
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for improved productivity.
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Third, negotiation.
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Don't forget that you can often negotiate better deals
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with SAS vendors.
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It's akin to haggling for a better gas price at the car.
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This step can significantly impact your bottom line.
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Fourth, implementation.
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Finally, put your optimization plan into action.
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This involves monitoring usage, enforcing policies,
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and ensuring everyone is on board with a new software
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strategy.
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It's like driving your newly-tuned car
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with care to maintain that fuel efficiency in a nutshell.
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SAS-Spend Optimization is the art of managing your software
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subscriptions intelligently to save money,
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enhance productivity, and drive your business forward.
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Join us in this series as we dive deeper into each of these steps
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and uncovering the strategies and tools
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that can help you become a SAS-Spend Optimization
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Pro.
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Stay tuned for more valuable insights.
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[MUSIC PLAYING]
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(upbeat music)
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(upbeat music)