Most companies underestimate the number of software subscriptions they have, with many having well over 100, some as high as 1100, creating significant waste in SaaS costs.
Research shows 30% of SaaS costs are wasted due to unused licenses or underutilized solutions, indicating a substantial opportunity for managing software agreements.
Viio has raised over €3 million from notable investors due to the widespread problem of overspending on unused software and the clear return on investment their solution offers.
Ulrik Bo Larsen emphasizes the significant market potential of Viio in addressing the common issue of overspending on unused software, praising the team for delivering a valuable and effective solution.
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