How Hubilo slashed SaaS costs by 40% using Spendflo

The Challenge:

Hubilo faced the challenge of managing a sprawling array of software tools across its organization. Their software stack was extensive, costing a 6 figure number annually. With a pressing need to optimize their software spend without compromising on functionality and efficiency, Hubilo turned to Spendflo for a solution.

The Solution:

Using Spendflo’s vast bank of market and pricing insights and alternative tools, Hubilo embarked on a systematic approach to tackle this challenge. It required a thorough evaluation and strategic reduction of the tools being used.

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• Inventory and Analysis: We began by cataloging and prioritizing all software according contract value, dates, payment terms, license types, and payment statuses.

• Strategic Elimination: Identified and eliminated tools that lacked value, were unaffordable, or unnecessary.

• Optimization of Tools: Consolidated, downgraded, and optimized tool usage by negotiating with existing vendors.

• Reduction in De-duplication of Tools Across Departments: Spendflo conducted a thorough analysis of all tools owned by various departments, identified duplicate or similar tools, and consolidated them to optimize efficiency.

• Categorized Use Cases: Analyzed and categorized tools by their use cases, identifying essential tools and consolidation opportunities.

• Ongoing Monitoring and Partnership: Conducted weekly progress checks and collaborated across teams.

Results :

With Spendflo’s support, Hubilo successfully optimized and consolidated their software stack, reducing their annual spend by nearly 40%. By leveraging Spendflo’s platform and insights, Hubilo achieved their cost reduction goals while maintaining the functionality needed to drive their business forward. Hubilo now maintains a leaner, more efficient toolset that supports their growth without unnecessary expenditure.

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