Read more about SaaS optimization: How to Stop Being a Target of Vendor Upsizing

The 5 Best Fintech Apps to Help You Optimize Your SaaS Spend

6 min read Sanjay Krishna

If any part of your banking is online, you’ll be using a Fintech app. Financial technology (Fintech) is a quickly growing and thriving form of software as a service (SaaS). Fintech applications connect businesses and consumers to web-based financial services, many of which were previously only available through traditional banking. 

As we become more and more of a digital world, Fintech is naturally part of this new normal. This includes businesses looking for access to loans and capital. In fact, 40% of US financial decision makers report that they have at least one Fintech account. Fintech apps offer a number of advantages over the legacy infrastructure of traditional banking legacy, including: 

  • Cloud infrastructure which increases ease of entry
  • Lower cost of ownership 
  • Web services that scale during peak demand 

How can Fintech help your business? 

Improved cloud infrastructure means that companies can now offer more in their product portfolios, even for newer entrants to the Fintech ecosystem. Some of the features available in Fintech that traditional money management firms can’t provide include simplifying payment authorization, data analytics, and automated workflows. 

The use cases are endless. There are Fintech apps for services like:

  • Digital banking 
  • Loans and savings
  • Stock trading 
  • Insurance policies and claim filings
  • Investments and robo-advisors 
  • Payment processing, expense tracking, and invoicing
  • Payment gateway integration 
  • Block chain and bitcoin management
  • SaaS spend management

Before you can grow your business, you’ll need to analyze and optimize your current spend. We put together a list of our top five Fintech apps that can help you with a crucial element of your financial management: SaaS Spend management. 

Top 5 Fintech apps for SaaS spend management

1. Quolum

Quolum is different from all other SaaS management tools on the market. While other tools rely on data from their customer’s finance, procurement, and IT teams to power their products, Quolum skips the middle man and offers more accurate data by issuing an expense card for all purchasing data. 

Our Visa expense card is hyper-optimized for SaaS and digital payments. We bring spend management, procurement, usage tracking, and SaaS management under one umbrella. All contracts and renewal information is recorded, making it easier to see your entire SaaS stack. This way you can rightsize, downsize, and negotiate contracts with ease.  


Starter pack: $0/month

Plus: $500/month

Growth: $1500/month


  • Affordable pricing, including free starter pack.
  • Track all SaaS purchases in one place.
  • Create SaaS expense cards for team members with set spending limits.
  • No hassle approval and reimbursement.
  • Usage data helps optimize spend.


  • Some optimization data for all popular SaaS applications is still being added.
  • Some expenses still need to be tracked manually but integrations are in the works.

2. Torii

Torii gives businesses full visibility into their SaaS usage, spend, and risk. It offers automated onboarding and offboarding for employees plus SaaS license management and renewal management. Torii also helps improve security and compliance enforcement.

By finding and managing applications across organizations’ sprawling software stacks, Torii gives IT professionals control so they can make informed decisions about software. 


Pricing not publicly available


  • Third party API makes it possible to integrate with many systems including HR tools for employee management.
  • Insight into who’s using which tools and what the tools cost.
  • Interface is easy to use. 


  • This product is expensive with no pricing listed on the website.
  • Set up and maintenance can be time consuming and workflows can be too rigid
  • There are some features still missing, like Slack integration.
  • Emails from Torii to end users sometimes end up in junk mail due to the Torii branding, rather than customer’s branding. 

3. Vendr

Vendr does offer SaaS spend management technology, but their main service is negotiating with SaaS vendors on your behalf. Their reps will review your existing suppliers, contracts, and renewal dates and handle the negotiations directly in order to secure the best pricing and contract terms. 

Their app provides a central location for your company to manage software spend including vendor agreements, renewal dates, pricing data, and compliance documentation. Employees can request access to tools and your IT team can ensure compliance protocols are followed. 


Starter: $36,000+

Growth: $78,000+

Enterprise: $120K+


  • Streamlines contract negotiations to secure better deals, so IT can focus on managing SaaS. 
  • Vendr will work with customers’ legal, finance, security, and business leaders  to improve the buying process. 
  • They will document legal, privacy, and security documentation on your behalf to ensure due diligence.


  • Reporting is lacking, making it hard to analyze data and contracts across an entire organization. 
  • Contract negotiations can sometimes be stretched out unnecessarily and deadlines may be missed when Vendr reps don’t understand suppliers contract models well enough.
  • End users can’t make comments or add notes for buyers in the Vendr software, meaning that conversations are happening in email instead. 

4. Airbase

Airbase brings together accounts payable, employee expense management, and corporate cards into one central location. Approval workflows can work across all of these categories and helps provide real time reporting on spend. Customers can integrate directly with AP systems for requesting, paying, and automating tasks. 

Airbase offers one solution so you can get rid of additional spend management tools like expensify or Finally, they offer up to 2.2% cash back on credit card spend. 


Essentials: Free 

Growth: no pricing listed

Enterprise: no pricing listed


  • Paying vendors through Airbase is easy and more efficient with virtual credit cards, recurring payments for subscriptions, and Purchase Orders.
  • The virtual cards offer flexibility and control over how employees spend and manage their budgets, including approval chains. 
  • Once trained, the platform is easy to use.  


  • There’s a steep learning curve on how to use the virtual cards and ensure payments are processed.
  • The tool isn’t currently optimized for dashboard views on mobile devices. 
  • Reporting isn’t as robust as other vendors so customers sometimes have to keep a separate log on renewal dates and schedules. 

5. G2 Track

G2 Track sells itself as a clear source of truth about your SaaS stacks, licenses, contracts, and expenses. Their software doesn’t provide a virtual payment card but it does help you sync data from accounting, financial systems, and SSO systems, so that you can rightsize your SaaS spend. G2 offers a number of direct integrations, APIs, and custom data extractors that help take information out of your systems in a secure, reliable manner. 


Free: Essential

Pro: $300/month

Enterprise: $5/employee/month, min 250 employees


  • G2 Track is visually friendly and easy to use.
  • Contract management is simple to set up and you can automate email reminders about upcoming renewal dates.
  • The sentiment hub is used to send out product surveys to employees to collect their opinions on software, and the compliance hub helps keep track of security and privacy documents from all of your vendors.


  • Setting up G2 Track can be time consuming, as it’s not a plug and play solution.
  • Upkeep over time can also be more manual because you have to ensure charges are categorized correctly. Customer still need to manually upload new contract information. 
  • While there are integrations available, G2’s direct integrations with popular apps is lagging behind other vendors in this space.

Learn more about SaaS Management

SaaS waste is a major drain on budgets and can hold companies back from reaching their growth goals. Fintech apps can help! At Quolum, we approach SaaS management differently. Learn more about our SaaS spend card and how it connects directly into our SaaS spend management software.

About Quolum

Quolum is a full-stack SaaS Spend Management product. Its data-driven renewals, spend controls, license monitoring, contract oversight, and a buying concierge helps companies save millions of dollars in spending.
Quolum is ideal for companies that have hundreds of SaaS tools. Finance, Procurement, IT Teams, and departmental spend owners use Quolum to help manage SaaS sprawl and remove shelf-ware.
Talk to us to get a demo of the product. You can start seeing savings in just a few weeks. No spreadsheets are required.