Substly is a subscription management software that provides visibility into software licenses and costs, enabling organizations to identify unused licenses and unapproved applications. By automating the tracking of recurring expenses and streamlining offboarding processes, Substly helps businesses reduce overspending and enhance information security.
Funding
$370K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations lack clear visibility into their software subscriptions, leading to wasted spending on unused licenses and potential security risks from unapproved applications. Manually tracking recurring expenses and managing offboarding processes is time-consuming and prone to errors.
Solution
Substly is a subscription management platform that provides businesses with a centralized view of all their software licenses and recurring costs. The platform automates the discovery and tracking of subscriptions, identifies underutilized or unapproved applications, and streamlines offboarding workflows. By providing insights into software usage and spend, Substly enables organizations to optimize their software investments, reduce unnecessary expenses, and improve overall information security.
Target Audience
Substly is designed for IT managers, finance departments, and security teams in small to medium-sized businesses that want to gain control over their software subscriptions and reduce unnecessary spending.
Features
- Automated discovery of all subscriptions and licenses used by employees
- Identification of unused or underutilized software licenses
- Detection of unapproved applications ("Shadow IT")
- Spend tracking and forecasting for subscriptions
- Visualization of spend per category, team, or role
- Streamlined offboarding process with automated cancellation notifications
- Role-based access control for team collaboration
- Integration with billing systems for automated budgeting and follow-ups