Between Two COO's with Michael Koenig
Productiv COO, Munish Gandhi on Harnessing AI for Streamlining Contract Renewals and Procurement, Optimizing SaaS Costs, Governance and Risk Management, SVB's Collapse, and more
Aug 1, 2023
Munish Gandhi, co-founder and COO of Productiv and former LinkedIn leader, dives into the world of SaaS governance. He highlights the pitfalls of underutilization in software applications and the hidden costs associated with SaaS. Munish discusses how generative AI can revolutionize contract renewals and procurement processes, enhancing efficiency and informed decision-making. He shares insights from managing crises, especially during the SVB collapse, emphasizing quick responses and communication as key to effective governance.
40:03
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Quick takeaways
- Effective SaaS governance requires proactive compliance integration during procurement to mitigate risks and optimize resource utilization.
- Leveraging AI can enhance SaaS management by providing actionable insights and streamlining contract management, ultimately driving cost efficiency.
Deep dives
The Rise of SaaS and Its Challenges
The significant growth of SaaS applications over the last decade has led to complexities in governance and cost management for companies. Many businesses expanded their SaaS portfolios during times of easy funding, resulting in over-deployment and underutilization of software resources. As a consequence, IT and finance leaders are under pressure to optimize costs and improve operational efficiency. This drive for better software management has prompted the creation of platforms like Productive to help organizations streamline SaaS procurement and maximize productivity.
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