FinEdge Cuts $180K in Annual SaaS Waste After Full Licence Audit
FinEdge, a 420-person fintech company, discovered they were paying for hundreds of unused licences across 60+ tools. Here is how they cleaned house and reclaimed $180K per year.
Company Overview
FinEdge provides payment infrastructure to mid-market retailers across Southeast Asia. With 420 employees across Singapore, Malaysia, and the Philippines, their software stack had grown organically over five years — with different departments procuring tools independently.
The Problem: Invisible Sprawl
When FinEdge's VP of Engineering, Raj Kumar, was asked to present the company's SaaS spend to the board, he spent three days manually pulling data from invoices, credit card statements, and vendor portals.
What he found was alarming: 68 active SaaS subscriptions, $520,000 in annual spend, and no clear record of who was using what. Roughly 35% of licences were assigned to employees who hadn't logged in for over 90 days — including 14 former employees whose accounts were still active.
"We had tools we'd bought for a project two years ago that nobody had thought to cancel," Raj said. "The monthly charges were small enough that nobody questioned them."
The Solution
FinEdge deployed SaaSGama across their IT and Finance teams. Within the first week, they had a complete inventory of all 68 subscriptions with cost, assigned users, and renewal dates visible in a single dashboard.
SaaSGama's utilisation tracking immediately flagged 214 licences with zero activity in the past 60 days. The finance team was able to see the dollar impact of each group of inactive licences, making prioritisation simple.
Results After 90 Days
- $180,000 in annual savings identified and actioned
- 22 subscriptions cancelled or downgraded
- 214 unused licences reclaimed
- 14 former employee accounts deactivated across multiple platforms
- 3 duplicate tools consolidated into single vendor contracts
What Happened Next
"The first audit was the big win," Raj explained, "but the ongoing value is knowing we won't end up back where we started. The renewal alerts and automatic utilisation tracking mean we catch waste early instead of discovering it in a board presentation."
FinEdge now uses SaaSGama as the source of truth for all software spend decisions. New tool requests go through a review that checks whether an existing subscription already covers the need.