METHODOLOGY TO PROFILE SAAS VENDORS IN IT INDUSTRY: ANALYZE, PROFILE & RECOMMEND MECHANISMS TO INCREASE SUM UNDER MANAGEMENT & FOCUSED SPEND AMONG SAAS VENDORS

Abstract

Software as a service (SaaS) is a sub-category of the software in which an organization rent the software from a third party on a subscription basis. The role of strategic sourcing has changed in the last decade, it has happened so mostly due to the introduction of SaaS and many other cloud based delivery models which have changed the way of an organization to select and deploy the technology. As in the past, the strategic sourcing teams used to send out very lengthy RFPs and had to review all the responses, which often took weeks or months of evaluation before reaching to a presentation of their findings and recommendations to their organization’s executive team or the various internal stake holders. Almost two decades ago, for software the SaaS delivery model was introduced, the strategic sourcing team since then has shifted its focus and priorities. They had got no choice but only to adopt the new way of doing things as SaaS, which in elaboration meant adoption of further expedient process for internally evaluating the new technologies.

The research here is done on various SaaS vendors and their contracts with the organizations and how they can be profiled based on the provided data.