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Productiv, a leading SaaS management platform, has announced the launch of Sidekick, an AI-powered chatbot designed to revolutionize how IT leaders and finance teams manage their software licenses, usage data, and budgets.
With Sidekick, users can now access critical insights and recommendations through natural language queries, streamlining workflows and saving valuable time.
In an interview with VentureBeat, Productiv CEO Jody Shapiro emphasized the unique capabilities of Sidekick.
Shapiro further explained that Sidekick goes beyond just answering questions.
Integrated with Productiv's Spend Management Platform, Sidekick enables users to harness the power of their data without the need for extensive technical expertise.
The AI assistant can accurately pull data on software application growth among teams, build tables to show and sort the most commonly used applications, analyze application usage, and even help with license renewals and negotiations.
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The launch of Sidekick comes at a time when businesses are increasingly looking for ways to optimize their SaaS spend and improve operational efficiency.
With the rapid adoption of cloud-based software, IT leaders and finance teams are often overwhelmed by the sheer volume of data and the complexity of managing multiple applications across different departments.
Productiv, founded in 2018, has quickly established itself as a leading player in the SaaS management space, helping companies like Dropbox, Equinix, and Okta optimize their software spend and improve collaboration between IT and finance teams.
The company has raised over $73 million in funding from top-tier investors such as Accel, Norwest Venture Partners, and Okta Ventures.
The launch of Sidekick comes at a time when the SaaS industry is experiencing significant growth, with Gartner predicting enterprise SaaS spend to rise to $195 billion in 2023, a 17% increase from the previous year.
As companies grapple with managing an ever-expanding portfolio of software applications, tools like Sidekick are poised to play a crucial role in optimizing spend and driving operational efficiency.
Looking ahead, Shapiro sees AI tools like Sidekick as transformative for SaaS management.
As the AI revolution continues to unfold, Productiv's Sidekick represents a significant step forward in harnessing the power of artificial intelligence to streamline SaaS management and unlock value for enterprises.
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This Cyber News was published on venturebeat.com. Publication date: Mon, 18 Mar 2024 15:28:05 +0000