Provides on-demand SaaS procurement services, leveraging a database of over 10,000 pricing references and 20 years of negotiation expertise to secure optimal software rates. Reduces SaaS spending by up to 30% through contract visibility, price benchmarking, and strategic vendor management, ensuring companies avoid overpayments and align software costs with financial goals.
Funding
Funding not disclosed
Founders
Product
Problem
Many companies overspend on SaaS subscriptions due to a lack of price transparency, limited negotiation expertise, and poor contract visibility. This results in wasted budget, missed savings opportunities, and difficulty aligning software costs with business needs.
Solution
Klorbo provides on-demand SaaS procurement services, leveraging a database of pricing benchmarks and negotiation strategies to secure optimal software rates. The service offers contract visibility, price benchmarking, and vendor management, helping companies reduce SaaS spending. Klorbo analyzes existing SaaS contracts, compares prices against a database of over 10,000 data points, and negotiates with vendors to achieve savings. The service also provides ongoing monitoring to ensure companies continue to purchase SaaS at the lowest possible price.
Target Audience
Klorbo primarily targets finance, procurement, and IT departments within fast-growing, tech-focused companies that are looking to optimize their SaaS spending.
Features
- SaaS contract assessment and analysis to identify potential savings.
- Price benchmarking against a database of over 10,000 SaaS pricing references.
- Negotiation with SaaS vendors to secure lower rates and improved contract terms.
- Centralized tracking and management of all SaaS contracts and vendor data.
- Ongoing monitoring to prevent overspending and ensure fair pricing.
- Reporting and insights to inform strategic decisions about SaaS needs.