It is only apparent that SaaS companies feel a bit outdated now and then.

Thanks to the changing dynamics of the tech industry!

Every day is a new trend. A new beginning with no looking back! 

Even Torii, a once-popular procurement and management platform, is starting to look a bit passé. So businesses must shake things up and find a new SaaS partner tool to help them manage vendors and renewals in 2024.

But where do you even begin?

Fret not!

Spendflo has scoured the interwebs and evaluated the 9 best Torii competitors and alternatives for 2024. And we're not talking about just any old options here – these platforms offer powerful features for hands-on control of your SaaS spends across departments.

Now, we know what you might be thinking. 

I don't wanna go through the hassle of switching to a new platform. I'm comfortable with Torii. 

But hear us out! 

The number of businesses using SaaS services has grown exponentially over the past few years, and Torii may not have the standards to keep up with the market's dramatic needs. 

Statista reports the number of businesses using SaaS services has steadily increased between 2017 and 2021 when the number of firms nearly sevenfold (from 16 to 110 SaaS apps used by a company on average).

Therefore, Spendflo has done the heavy lifting for you with a comprehensive guide on what each option offers, alongside its pricing. With this information, making an informed decision is bound to be a cakewalk.

So let's dive deeper into the 9 best Torii competitors and alternatives of 2024

Why Look for a Torii Alternative?

You may not obtain extensive insight into all the applications in your SaaS stack using Torii. A direct connection with an application is required to get granular-level information about applications, such as app usage.

1. Application discovery is incorrect

Torii's ability to uncover applications is limited compared to other SMPs on the market. Torii may fail to find many of your SaaS applications due to the smaller application library size.

2. Less direct Integrations

Torii has fewer direct connectors than other solutions on the market. Hence it only gives granular-level insights for a restricted number of applications. As a result, all apps can be optimized for use. This means that detecting underutilized apps is only possible for a few apps.

3. Safeguard and comply

Because there are fewer direct linkages, monitoring policy enforcement for most apps is more complicated. After offboarding, you'll question if ex-employees are still using the apps.

The 9 Best Torii Alternatives of 2024

Amid innumerable options available on the internet, choosing the one SaaS tool that best suits your business’s needs can be tricky. So here are the 9 best Torii competitors and alternatives for 2024 for you to make a sound and informed decision.

1. Spendflo

Best for large organizations with multiple departments and teams.

Spendflo is a SaaS management platform that assists customers in identifying, optimizing, and securing apps. Spendflo’s data accuracy is suitable for businesses with more than 500 employees. On the other hand, firms with less than 500 employees may benefit from its advantages. 

Spendflo helps quickly growing firms source, manage, and save up to 30% on SaaS expenses while providing a guaranteed ROI. Spendflo offers a comprehensive strategy that enables every SaaS buyer to submit and renew requests, access all tools, contracts, and security papers, and communicate with vendors on renewals and new procurement.

Integrating benchmark data and organizational insights enables users to acquire, subscribe to, renew, and negotiate software spending.

Spendflo offers numerous options for streamlining and simplifying SaaS management. 

Its discovery function assists users in selecting the best applications for their business requirements. It also helps with purchasing and contract management by automating approvals and workflows and offering insight and visualization. Its Slack Bot keeps teams up to date on changes, and its Vendor Trust helps clients to trust the vendors from whom they buy.

A. Product Delivery

Spendflo is an easy-to-use interface that assists users in quickly identifying the right solution for their business needs. Spendflo assigns a trust score to each vendor as part of the product discovery process. This score is influenced by customer reviews, product ratings, active users,

and other factors. This score assists individuals in selecting the best vendor for their needs.

B. Contract Administration

Contract and vendor relationship management is becoming increasingly crucial as Spendflo companies rely more on SaaS solutions. Spendflo offers a consolidated contract administration solution that streamlines contract management processes such as renewals and cancellations.

C. Workflows for Approval

Spendflo has a workflow approval procedure to ensure that software is appropriately approved. As a result, firms may quickly design approval workflows. Users can also define roles, with access granted based on organizational purpose. This streamlines the approval process while

preserving control over software purchases.

D. Sentiment center

Sentiment Hub is a sophisticated tool that allows users to quickly examine how customers feel about their software. It facilitates assessing customer feedback and public sentiment on software, providing Spendflo customers an advantage when evaluating vendor performance. Users can use this tool to swiftly identify areas for improvement and make more informed purchasing selections.

E. Buying with assistance

Spendflo contributes to Assisted Buying Software by providing a user-friendly platform that streamlines the process from start to finish. Users may compare shopping, budgeting, and approval processes using Spendflo. The technology monitors software purchases in real-time

and offers access to precise data for quick thinking. Spendflo also simplifies the purchase process by eliminating manual data entry and automating the request, review, and approval processes.

Spendflo Pricing and Package Benefits

● Rapid vendor and security compliance

● Handle SaaS contracts in a single location

● Monitor employee SaaS usage

● Recognize employee sentiment

● Simplify SaaS approvals

● Monitor renewals and transition to conscious procurement.

Package Services

● Streamlined approvals via Slack/Teams

● A dedicated customer success manager

Savings

Up to 30% of your SaaS expenses

Price: $2,500/m (Billed Annually)

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Rating - 4.7 ⭐️⭐️⭐️⭐⭐️(70 Reviews on G2)

Checkout Customer Case Studies on how Spendflo is helping companies  save thousands on their SaaS Procurement

1. Learn how Drip Capital achieves 4X ROI & saves 100+ hours in Procurement
2. How Airmeet achieved 3X faster procurement and SaaS spending optimization.

2. Sastrify

Best for businesses with multiple SaaS subscriptions

Sastrify is a cloud-based software solution that helps organizations of all sizes streamline and automate their contract administration processes. This revolutionary application offers a comprehensive set of capabilities that assist firms in managing contracts from start to finish, all while guaranteeing legal and regulatory compliance.

Sastrify allows users to create, store, track, and analyze their contracts in one place. Contract types supported by the platform include sales agreements, employment contracts, and non-disclosure agreements. It also enables users to create configurable workflows for authorization and review processes, ensuring that contracts are properly examined and approved by all necessary parties before execution.

Features

• Consolidated Management
• Cost Savings
• Automation

Related Read: Explore more on Sastrify Competitors and alternatives for 2024

3. BetterCloud

Best for businesses that heavily rely on cloud-based applications 

BetterCloud is SaaS management software that allows IT teams to manage, optimize, and secure their company's SaaS services. It aids in the discovery of applications and the development of automation for onboarding and offboarding. Additionally, IT teams can use BetterCloud to handle SaaS licenses and renewals. BetterCloud is used by companies like Zoom and Walmart to manage and secure their SaaS stack.

You can Maintain track of applications and provide insights to make data-driven decisions and optimize cost. You can also Remove duplicate apps and decrease the risk associated with shadow IT.

Features

• Automated management
• Robust security features
• Customizable workflows and policies

Related Read: Explore more on BetterCloud competitors and alternatives.

4. Cledara

Best for IT & marketing companies that rely on subscription-based services.

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Cledara is a SaaS (Software as a Service) expenditure management platform that assists enterprises in managing subscription-based software and services. The platform enables organizations to monitor, manage, and optimize their software subscriptions centrally.

Businesses may use Cledara to receive real-time visibility into their software subscriptions, measure usage, and monitor spending. Subscription-based services supported by the platform include cloud storage, project management software, and messaging services. It also gives precise statistics and insights into users' software spending patterns, helping them to find areas where they can cut costs.

Features

• Management of subscriptions
• Keeping track of expenses
• Budget administration

5. Airbase

Best for businesses to track SaaS spends across departments, teams, and locations.

Airbase is a sophisticated SaaS (Software as a Service) spend management platform that assists firms in managing all areas of their business spending. The software combines accounts payable, expense management, and corporate card functions into one consolidated place, giving users a robust and versatile tool for managing their spending needs.

Businesses may use Airbase to simply track expenses, handle invoices, and monitor spending in real-time. The platform accepts various payment methods, such as ACH, wire transfers, and virtual cards, making it simple for businesses to pay suppliers and manage their cash flow. The platform also has an AI-powered approval workflow, allowing organizations to expedite and decrease errors in their approval procedures.

Features

• Advanced analytics
• Asset Administration
• provisioning of cloud-based applications

6. Zylo

Best for businesses with in-depth analytics needs .

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Zylo is a SaaS management tool that IT departments use to get visibility and control over their applications. It aids in the management and reduction of risk associated with shadow IT. IT departments may utilize Zylo to reduce application costs and achieve the highest return on investment from each application by canceling unused licenses.

Zylo identifies, categorizes, and monitors the organization's SaaS applications. It serves as a single point of contact for SaaS apps and spending.

Features

• Investment Planning
• Purchase and license administration
• Asset administration

Related Read: Explore more on Zylo competitors and alternatives for 2024

7. Zluri

Best for IT departments to manage SaaS apps for visibility, control, and automation.

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Zluri is a software-as-a-service (SaaS) management tool that assists businesses in managing their software subscriptions, expenses, and compliance requirements. The platform gives a consolidated picture of all software utilized across a company, allowing firms to optimize software consumption and cut costs.

SaaS discovery, expenditure tracking, compliance management, and staff access management are among the capabilities offered by Zluri. The platform integrates with a variety of popular SaaS services, including Slack, Zoom, and G Suite, allowing enterprises to combine software management with their existing tools seamlessly

Features

• Employee application store
• Automation of employee processes
• Discovering Apps

Related Read: Explore more on Zluri vs Spendflo

8. Productiv

Best for companies wanting access requests to be automated.

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Productiv is a software-as-a-service (SaaS) management platform that assists firms in optimizing software utilization, increasing staff productivity, and lowering expenses. The platform gives a consolidated picture of all software utilized within a company, allowing organizations to make informed decisions about software subscriptions and usage.

SaaS discovery, usage analytics, vendor management, and staff engagement are among the features offered by Productiv. The platform integrates with numerous prominent SaaS apps, including Microsoft 365, Slack, and Salesforce, allowing businesses to combine software management with their existing tools effortlessly.

Features

• Automation
• Boost Your Security Posture
• Spend Less Money on SaaS

9. Mesh payments

Best for businesses that make mass transactions via automated payment routing.

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Mesh Payments is a SaaS (Software as a Service) platform that assists organizations in streamlining payment operations, lowering costs, and increasing efficiency. The platform enables businesses to make payments and monitor cash flow simply and safely using cutting-edge technologies such as blockchain and artificial intelligence.

Mesh Payments provides several services that help organizations make and receive payments, including as secure digital wallets, automatic payment processing, and real-time transaction tracking. The platform also includes comprehensive analytics and reporting functions, giving businesses detailed insights into their payment processes and assisting them in identifying areas where they can increase efficiency and cut expenses.

Features

• Management of licenses and renewals
• Cost Optimization
• Customized dashboards and reporting

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Winding Up!

Numerous SaaS management systems are available for businesses of all sizes, but selecting the best Sastrify alternative can be difficult yet game-changing. So why hesitate? Investing in a software solution that meets the demands of your team can save you time and money while providing useful insights about usage patterns and trends.

Spendflo provides a powerful cloud-based SaaS spending control technology that includes planning and procurement, user sentiment analysis, and automated approval procedures.

Our platform is intended to give businesses the knowledge they need to make smarter software usage decisions while saving money and increasing productivity. Request a Demo and manage your organization with the best, Spendflo.