Fullstack Advisory is an award-winning accounting and advisory firm specialising in tech and online companies. They deliver high-quality tax and accounting solutions to over 400 technology companies across Australia, USA, UK, and South-East Asia. Like most of their clients, after years of continuous growth, their SaaS stack became very complex. It was hard to keep track of what they were committed to and how much it was costing. They thought there were opportunities to save, but sorting through all the details was time-consuming. They needed an easier way to pinpoint their savings so they could focus on their business.
Wanting to find something better, Fullstack took Hudled’s SaaS audit to see where they were overspending. It broke down their SaaS spend and provided low-effort, high-return actions that would materially reduce their SaaS spend.
The SaaS audit is broken into three steps:
- Connect: Fullstack connected their accounting system to Hudled and answered basic questions about their estimated growth over the next three years. Growth in these areas translated to possible cost increases for license and usage-based tools, such as Microsoft Office365, Hubspot, or Google Workspace.
- Analyse: The Hudled platform then analysed the key transactions and invoices. This determined what tools they were using, how their spending compared to similar companies, and where saving opportunities were.
- Save: Fullstack received a list of tailored saving recommendations. It included overlapping tools that could be consolidated, ways to optimise current plans, and tools they could cancel. Recommendations could either be implemented immediately or at the time of renewal.
The audit identified $11,374 of actionable savings, which is nearly 10% of their annual SaaS cost.
"Hudled's SaaS audit exceed my expectations. We were shocked to find out that one of our core billing tools was on the wrong plan. We discovered that if we moved to a higher plan we would save nearly $8k a year. This recommendation was counter-intuitive because I never thought moving to a higher plan would create savings."
⏤ Stuart Reynolds, CEO at Fullstack
Looking to reduce SaaS expenses? Get started with Hudled’s SaaS audit today.