Productiv announced new strategic collaborations with Sage and SAP Concur to make it easier for businesses to unlock more value from their SaaS portfolios at scale.
According to the company, this news comes as companies are looking more critically at reducing spend and optimising costs in an uncertain economic climate. In particular, business leaders are looking for solutions to help IT, finance and procurement teams align on spend visibility, spend rationalisation and renewal management especially for SaaS applications, which have exploded in use.
Productiv’s new financial connectors are designed to make it easier for organisations to ingest employee expense and vendor invoice data into the SaaS Intelligence platform which enables IT, procurement, finance and business leaders to align on trusted data and deep insights to proactively govern, optimise spend and drive operational efficiency across their SaaS applications.
By using SaaS Intelligence, IT and business leaders can be more confident in their decisions and actions, whether that's rightsizing their SaaS investments, managing renewals, or reducing their risk exposure.
Available on the SAP Concur App Center, companies can now use the Productiv for Concur Expense and Productiv for Concur Invoice connectors to programmatically integrate expense and invoice data into the SaaS Intelligence platform.
The platform uses machine learning to automatically identify SaaS suppliers and map all of the unstructured SaaS expense and payments data to the appropriate vendors, resellers and apps.
Team and employee spend insights, combined with usage data, help with the identification of opportunities to optimise costs. Applications discovered through this spend data can be reviewed for compliance risks, the company states.
Additionally, Productiv customers no longer need to licence SAP Concurs Web Services module in order to utilise Productiv’s connectors for Concur Expense and Concur Invoice, and direct onboarding can be done in under five minutes.
Using Sage Intacct Connector, Productiv customers can now ingest data from Sage Intacct programmatically, with artificial intelligence automatically assigning unstructured payments data to apps, vendors and resellers.
As a result, users can quickly and easily see spending on SaaS applications on an app-by-app basis over time and understand the spend behaviour at an individual level. Sage Intacct's integration testing and certification process helps ensure data quality and integrity.
Mark Piesanen, Vice President of Strategic Alliances at Productiv, says, “Our platform currently connects to hundreds of systems for HR, payments, expenses, contract lifecycle management and app engagement, helping to enable companies to discover up to 100% of SaaS engagement and spend.
"Our new partnerships with Sage and SAP Concur provide even better visibility and access to trusted SaaS usage data, helping leaders across organisations to align on purchase and renewal decisions.”