Software-as-a-Service (SaaS) businesses are known for their impressive margins, typically ranging between 67% and 79%.
When you consider that the average company invests in and renews over a 100 SaaS tools annually, it becomes clear that there's a considerable amount of potential savings that may go unnoticed.
But what is the exact figure?
On a tool-by-tool basis, there's undoubtedly scope for negotiation, yet pinpointing the precise saving opportunities can be challenging.
The traditional methods of gaining pricing insights — consulting peers or your professional network, referencing previous prices during renewals, or relying on public list prices — are not only time-consuming and inefficient but also lack scalability.
There has to be a better way…
Say hello to our newest product feature: Sastrify Pricing Benchmarks.
Pricing Benchmarks is a native feature instantly provides data-backed pricing benchmarks so you’re better equipped for upcoming negotiations - be it a new purchase or a renewal.
Through the Sastrify platform, users can input various parameters, such as:
- The SaaS tool in question
- Number of licenses
- Current pricing
- Payment terms & more
From there, we’ll compare this price point against over $2 billion in managed contracts. Based on this comparison, we deliver an accurate, real-time benchmark that enables you to understand precisely where your pricing stands in the market.
With this information at hand, our customers will be able to check if it’s worth asking for a discount and what the potential savings that can be achieved.
But it gets better. As more contracts are managed through Sastrify, this feature continually refines its accuracy and expands its applicability across an even broader array of SaaS tools.
Skip the guesswork. With Sastrify Pricing Benchmarks, you get immediate clarity on your deals, opening the door to substantial savings in your discussions with SaaS vendors.
Schedule a quick demo to see how it all works.