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Last chance to save your seat! Join us tomorrow to discover 👇 🦸♀️ How to create a smooth and easy procurement process — that your stakeholders will actually want to follow. 💸 How to save a ton of time and money on software — leverage data-backed pricing benchmarks and insights to buy SaaS fast and fair. 👩🔬 How to automate procurement — drive change in your organization to deliver the results you crave. It's all happening in our webinar on June 5 at 1 pm ET. Sign up via the link in comments.

True or False: 60% of employees could save 30% of their time with workflow automation. Not only is this stat true, according to McKinsey, but studies also show workflow automation can save companies from $10,000 to millions of dollars per year. Whether you’re building your first procurement process, migrating off spreadsheets, or exploring new tools, Vendr’s procurement automation can help you save significant time and money. Join us June 5 for our webinar: Mastering your procurement process with Vendr’s free tools. You’ll learn everything you need to know to build a streamlined procurement process and receive special tips and tricks from Rachel Decker Sarah (Miller) DeMarco and Nancy Alligood to start saving big right away. Register via the link in comments.

Minimizing costs and maximizing efficiency are more important than ever. Yet without streamlined procurement, you risk missing out on savings, experiencing delays, and losing track of spending. Vendr’s free tools not only simplify procurement, they can help you save a ton of time and money buying software. Join us on June 5 at 1 pm ET for a webinar: Mastering your procurement process with Vendr’s free tools. From initiating purchases to getting approvals and managing renewals, you’ll learn everything you need to know to build a procurement process on Vendr. Sign up via the link in comments — our product and onboarding teams can’t wait to meet you!

Despite frequent headlines about price increases in SaaS, Average Contract Values for renewals have remained flat YoY. Curious how?! 👇 While software suppliers are adding uplifts, CFOs are simultaneously adding scrutiny to every new purchase and renewal. As a result, customers are downsizing agreements to meet budget constraints, which has resulted in flat ACVs. Read about these trends and more in our latest SaaS Trends report: https://lnkd.in/gNnAAb-K

Average Contract Values for net new purchases jumped 35% from Q4 2023 to Q1 2024. So, what does that mean for SaaS? Tracking ACV helps us identify shifts in pricing and purchasing strategies. It’s important to keep in mind that when ACVs rise, another metric typically worsens. In Q1, net new buying cycles grew 17% longer, due to additional scrutiny from CFOs. If your team is analyzing software purchases more than ever, our SaaS Trends Report is a great way to understand what’s happening in SaaS and where teams are investing. Check out the full report here:  https://lnkd.in/gNnAAb-K

Our top net new purchase list is a powerful indicator of where momentum is rising in SaaS. So, what suppliers had the most momentum in Q1? Congratulations to these suppliers who topped our net new purchase list, based on transaction volume: Salesforce LinkSquares Google LinkedIn KnowBe4 6sense 1Password Workday Wiz Okta Check out our full SaaS Trends Report for even more data-driven insights to help you save big on SaaS: https://lnkd.in/gNnAAb-K

Renewals show which software suppliers excel in loyalty, customer satisfaction, and creating tools that teams find indispensable. Congratulations to these top 10 suppliers who had the most renewals in Q1 on Vendr! Our top 10 renewals from Q1, based on transaction volume: Salesforce LinkedIn Slack Zoom Docusign Okta Google ZoomInfo 1Password GitHub In case you missed it, we released our Q1 SaaS Trends report yesterday — full of valuable insights to help you save time and money buying software. It's also packed with Top Supplier Lists similar to this one. Take a look to see if you're using these top products and if your team made the cut. Full report linked in comments 🔗

Vendr’s Q1 SaaS Trends Report just dropped — it’s a doozy. -Purchase volume for the top 25 categories decreased by 23% year-over-year, serving as a bellwether for future price hikes — buyer beware. This decline also spurred increased category expansion as sellers attempt to capture market share from adjacent categories. Atlassian ranks in the top three for Project Management, Data Integration, and Team Collaboration, while LinkedIn leads in LMS, Job Marketplace, and Recruiting. -Competitive buying cycles spiked as Average Contract Value (ACV) increased by 35% quarter-over-quarter, prompting savvy buyers to leverage competitive bids in the buying cycle, achieving an 86% increase in savings. -Meanwhile, 1Password appears to be cranking on all cylinders. Check out Vendr's full Q1 trends report in the comments!

In the mood for fresh data? 🍊 Our upcoming SaaS Trends Report is just days away — packed with essential data to help you make smarter software purchases at the best prices. Our SaaS Trends Report helps you: ✔ Discover where companies are investing in SaaS, including who's leading and who's rising ✔ Learn what top products your competitors are leveraging to drive efficiency ✔ Unlock key insights about pricing, SaaS seasonality, buying cycles, AI, and more Sign up today to be the first to get these insights straight to your inbox: https://lnkd.in/g4siVpXG

ICYMI: "“Death to the Discount” with Vendr CEO Ryan Neu https://lnkd.in/gfwXJpn2