Software spend is becoming a prime target for cuts as it grows into a larger line item in enterprises’ budgets. According to one recent report, customers are putting 53% more toward software-as-a-service (SaaS) licensing compared to five years ago. Management has come down aggressively; 57% of IT teams told Workato in a 2022 poll that they’re under pressure to significantly reduce software spend at their organizations.
Cutting software spend is a task that’s easier said than done in companies where teams and even entire divisions rely on specific software to get their work done. The solution, Mark Ghermezian argues, is avoiding cuts in the first place — with business loans. But not just any loans — business loans specifically m...
