Massive Savings Opportunity
So, how do we know that there is a massive savings opportunity? Aside from decades of first-hand experience, below are statistics about the growth in corporate expenses:
Corporate expenses are rising 40% higher than inflation (Axios).
Over 90% of revenue goes to expenses (AEIdeas).
Core capital goods are 18% higher than pre-pandemic levels (MarketWatch).
IT spend is an average 8.2% and as high as 24.7% of revenue (Flexera).
The SaaS market has doubled in 5 years reaching $157 billion (99Firms) and outpaces the S&P500 by 6x (SaaS Capital).
Software prices have increased by 63% over the last decade (Capiche).
Companies with 500 employees have 151 apps; 1,000 have 203 (Blissfully).