We’re launching Track to change how companies manage their SaaS
At Siftery, we’re well aware of the growing complexity of most companies’ software stack. We’re still a small company, but we’re using 167 different products, about half of them paid, and we know our case isn’t anomalous. The rise of SaaS, the emergence of new software categories, and the fragmentation of existing solutions have all contributed to the growth and complexity of most companies’ software stack.
Where before a single top-down process would determine software purchases for the entire company, today most software-buying decisions are decentralized and made by people across all levels of the organization. Companies are being forced to react quickly to this changing landscape as not tooling up isn’t really a choice anymore. And with more automation comes the very real challenge of not always knowing who’s paying for what, when and how, and what the ROI is on that increasingly large software dollar.
This is why today we’re launching Siftery Track
We want to make it magically easy to help businesses visualize and optimize their software expenditures. Track helps companies tackle this new world of SaaS confidently and enable procurement decision-making to be more decentralized or responsive while maintaining oversight and budgetary discipline.
The way it works is quite simple: you connect an accounting system or other financial account and our app automatically maps the transactions to one of the over 40,000 software products that we have in our database. A couple of minutes after an initial sync, you’ll see visualizations of historical and forecasted spend by product, category, or team.
The service also includes an intelligence layer which sends alerts for new products, duplicate charges, unexpected increases in spend, and more. This helps budget owners stay on top of new developments and identify savings opportunities with minimal effort.
As part of our pre-launch early access program, Track is already being used by over 300 venture-backed companies with a total of $2.3 billion USD in annualized spend — including $132 million in software.
Based on all the amazing feedback we’ve gotten, we know we’ve built something that any team and company will find immediately useful (in many cases — thousands in savings identified within minutes!) and now we want to share it with you.
Want to take it out for a spin? We’re offering anyone who signs up today forever free access under our Startup level plan. Just use this link to sign up!
