Torii, creator of the distributed SaaS Management Platform (SMP), is launching a series of advancements that invites collaborative, streamlined SaaS management while reducing financial drains in licensing and other application costs. Leveraging real-time application discovery, Torii allows organizations to manage their SaaS estate with automation and ROI optimization functions, equipped with actionable insights and extensive collaboration.
Citing a report by Gartner, SaaS financial costs continue to grow by 15-20% annually, with enterprises having over 125 differing SaaS applications—resulting in an average cost of $1,040 per employee, annually.
Despite its growth and expansive presence, IT is only aware of a third of these applications, due in part to decentralized ownership and sourcing, according to the company.
“Every company has distributed SaaS ownership, whether they realize it or not—but they don’t have a way to manage it. Employees are adding cloud apps at unprecedented rates, and thanks to continual changes in apps, users, usage, and costs, IT teams can’t keep up. They need employees who now ‘own’ the apps they subscribed to, and players in procurement, security, and finance, to participate,” said Uri Haramati, CEO of Torii. “IT must empower all stakeholders with the right data, insights, automation, and actions to cut spend, boost efficiencies, and do more with less. That’s why we’re so excited to introduce Torii’s enhanced SMP— it’s the only end-to-end solution with the advanced capabilities and accountability that make distributed SaaS management truly possible.”
Amid Torii’s latest enhancements is its new App Owner role, which enables IT teams to give application owners comprehensive, real-time visibility into their app’s usage, licensing, and financial data; owners are also permitted to act upon users, contracts, and licenses from within Torii.
Smallpdf, a PDF tool company, explained that with Torii’s App Owner, procurement, and IT admin roles, “it’s easy to delegate end-to-end SaaS management responsibilities to app owners so they can do everything from managing licenses and user access to uploading contracts, and deciding whether to renew and at what cost. And because we trust the data that lives within Torii, everyone feels confident relying on it to take the best actions,” said Stefan Rašic, IT Operations Specialist at Smallpdf.
Torii is also advancing its collaboration and accountability abilities, including the additions of ticketing management, flexible app catalogs, and an advanced data engine.
Ticketing management, accompanied by deep integrations with Jira, ServiceNow, Freshservice, Asana, and Monday, enables IT admins to easily allot SaaS management tasks to stakeholders, according to the company. Without having to leave Torii, IT teams can distribute and monitor tasks to stakeholders for increased involvement, visibility, and accountability within SaaS management.
The flexible app catalog provides users with the ability to produce custom automations for individual app access requests via Slack or email, reducing manual access tasks.
Torii’s advanced data engine allows Torii to ingest disparate and unorganized data from every application, further unifying and standardizing the data into personalization tokens. Ultimately, the data engine will enable faster, more useful insights, the production of custom workflows, and the generation of detailed communications at enterprise scale.
These advancements to Torii are accompanied by cost-saving features that help its customers save hundreds of thousands to millions of dollars, according to the company. Cost-saving license recommendations, license cost comparative benchmarks, and showbacks/chargebacks for department-specific cost drivers bring budget-conscious SaaS management to the forefront.
To learn more about Torii’s distributed SMP, please visit https://www.toriihq.com/.