SaaS & business softwareAnalysis
What nine SaaS management pricing pages, two Zylo indexes and Vertice's inflation tracker showed as of September 2026, and the GST, LRS and DPDP hooks for an Indian buyer.
The question has not changed since we first wrote about this category: a finance controller or IT head at an Indian company with 150 to 3,000 staff is paying for software nobody can list, and wants a tool that lists it, prices it and stops the waste. What has changed is the evidence. Our earlier version compared six vendors on their brochures. This time we read nine pricing pages, the two industry reports that publish a method, and the regulator text that decides how a rupee-billed or dollar-billed subscription is taxed. The vendors are Zylo, Torii, Zluri, BetterCloud, CloudEagle.ai, Vendr (now part of Vertice), Matrix42 SaaS Management (the former Viio), JumpCloud AI & SaaS Management and ManageEngine SaaS Manager Plus. Productiv, which our earlier version recommended for its usage analytics, no longer exists.
Zylo names three tiers, Core, Premium and Enterprise, and prints no amount for any of them.1 Torii’s pricing page lists its IGA, SaaS management and AI Management offerings and every button leads to a demo request.2 Zluri’s shows four modules and no figure.3 CloudEagle.ai’s shows five modules, a free trial and “talk to a product specialist”.5 Matrix42 sells the Viio platform on quote; its product page offers a demo, not a price.9 That is five vendors whose pricing page exists to collect your email address.
The other four print something. BetterCloud prints a $0-a-month “Spend Optimization Basic” tier and quotes everything else.4 Vertice, which absorbed Vendr’s pricing page in 2026, prints a floor: SaaS Purchasing “starting from $40,000”, with no period stated.6 JumpCloud prints $3 a user a month on annual billing ($4 monthly) for SaaS License Management, and “Contact Sales” for the Platform Prime package that the discovery, access-control and insight features actually need.7 ManageEngine SaaS Manager Plus, still badged Beta, is free for two managed apps, then $250 a year for five, $960 for 25, $2,000 for 50 and $7,500 for 200, in dollars with no currency code.8
For a 100-person company with 25 apps, the printed prices run from $0 to $40,000 a year; five vendors print nothing
Published list price applied to 100 staff and 25 managed apps, US$ per year, pricing pages as published at review
Source: Vendor pricing pages (sources 1 to 9), TechBag arithmetic · as of 30 September 2026 · JumpCloud's figure buys licence tracking only; discovery and controls need a Platform Prime quote. Vertice's is a floor with no period stated. A zero-length bar marked quote only means no amount is printed.
The pattern is the category’s business model. A SaaS management platform is sold on the savings it will find, and a vendor who prints $4 a user has told you the ceiling of what those savings are worth to it. The two that do print a unit price are the two for whom this product is a side-door into a larger platform: JumpCloud wants you on its directory, ManageEngine wants you in the Zoho estate. The specialists, with nothing else to sell you, keep the number for the call.
Strip the brochures and every product on this list does the same four things in the same order. It discovers applications from sources the business already has: single sign-on logs, a browser extension or device agent, accounts-payable and expense feeds, and OAuth grants. It measures use per seat, typically on a 30-day window. It reclaims or downgrades seats that fail the test and flags accounts that outlived their owner. And it keeps a renewal calendar with notice periods, so the negotiation starts before the auto-renewal clause does.
Discovery feeds measurement, measurement justifies reclaim, and reclaim is what you take into the renewal
The mechanism every SaaS management platform on this list implements, with the source each step depends on
Discover
SSO logs, a browser extension or device agent, AP and card feeds, OAuth grants. Finance-only discovery misses the free tiers that were never invoiced.
Measure
Last login and feature use per seat, usually over 30 days. This is the step a spend tool cannot do, because an invoice does not say who logged in.
Reclaim
Downgrade or remove idle seats; flag or revoke the leaver’s accounts. Zluri can reclaim automatically below a usage threshold; JumpCloud flags and leaves the change to you.
Renew
A calendar with notice periods and, on the higher tiers, price benchmarks. Matrix42 and Vertice add people who negotiate for you; the rest hand you the data.
Source: Vendor product pages as published at review, including JumpCloud's Resmo release and Matrix42's SaaS Management page · as of 30 September 2026
The money is in steps three and four, and the vendors split on which one they sell. Zluri, Torii and JumpCloud are identity-side products: discovery comes from the directory and the browser, reclaim can be automated, and access governance is a module next door.2 3 27 Zylo, Vertice and Matrix42 are finance-side: discovery leans on spend data, the deliverable is the renewal, and two of them put a human negotiator in the loop.96 A buyer whose problem is 400 unaccounted-for logins needs the first kind. A buyer whose problem is a 14% uplift on the Salesforce renewal needs the second. Most Indian mid-market firms we speak to have the first problem and are being sold the second.
The original version of this piece repeated two numbers the category lives on: that 40% of SaaS spend is invisible to IT, and that companies save 20 to 30% in year one. We could not find a dated report for either. What does exist is narrower and more useful. Zylo’s SaaS Management Index is the only recurring study that states its base. The 2025 edition, released 16 January 2025, was built on more than 40 million licences and $40 billion of spend under Zylo’s management; it put SaaS spend at $4,830 per employee, up 21.9% in a year, and waste on unused licences at $21 million a year for the average organisation, up 14.2%.10 The 2026 edition, the eighth, puts the average portfolio at 305 applications with a median of 240, average annual SaaS spend at $55.7 million with a median of $20.6 million, total spend growth at 8% and spend on AI-native applications up 108%.12 Zylo’s accompanying analysis, updated 19 March 2026, puts unused licences at 46% of seats over a 30-day window and the average organisation’s waste at $19.8 million a year: $3.8 million for a company under 500 staff, $9.5 million between 501 and 2,500.11
Vertice measures the other half of the problem: price. Its inflation tracker, built on the spend it processes, recorded a record 16.4% year-on-year rise in SaaS prices in June 2026, easing to 12.9% in July and 12.7% in August.13 Both firms sell the cure for the disease they measure, which is why the chips on this page say “reported” and not “count”. But both state a base and a date, which is more than the folklore does.
The sourced figures are 46% of seats idle in a month and prices up 12 to 16% a year; the 30% waste number has no report behind it
Each bar is a different measure from the named report, per cent, latest edition available by September 2026
Source: Zylo SaaS Management Index 2025 and 2026 and Zylo analysis updated March 2026; Vertice SaaS inflation tracker, data to August 2026 · as of 30 September 2026 · Read each bar against its own label; the measures are not comparable with each other. Zylo and Vertice sell SaaS management and procurement tools.
Half the tools sold under this label are spend trackers: they read the card feed and the invoices, tell you what you paid, and negotiate the next renewal. The other half connect to identity and tell you who used what. The difference used to be a product nuance. In the eighteen months to September 2026 it became a survival question.
Productiv, the usage-analytics specialist our earlier version recommended, made a general assignment for the benefit of creditors effective 25 June 2026, told customers on 2 August that the platform would close, ended access on 5 August and ceased operations on 6 August, stating that all production systems, data stores and backups had been permanently destroyed.14 The account is a competitor’s, Torii’s, and Productiv itself published no reason, so treat the framing with care; the dates are not disputed. Vertice announced its acquisition of Vendr on 1 June 2026, terms undisclosed.15 CoreStack announced it had acquired BetterCloud on 31 March 2026.16 Matrix42 announced the Viio deal on 1 October 2025 and now sells it as Matrix42 SaaS Management.17 JumpCloud’s product is the Resmo acquisition of March 2024.27 That is five of nine vendors that are not the company you would have evaluated two years ago, and one that is not a company at all.
In ten months three vendors on this list changed owner and one closed, destroying its data four days after telling customers
Ownership changes and closure among the nine vendors, by announcement date, October 2025 to August 2026
| Date | Event | Detail |
|---|---|---|
| 1 Oct 2025 | Matrix42 buys Viio | now sold as Matrix42 SaaS Management |
| 31 Mar 2026 | CoreStack buys BetterCloud | |
| 1 Jun 2026 | Vertice buys Vendr | terms undisclosed |
| 25 Jun 2026 | Productiv assignment | for the benefit of creditors |
| 6 Aug 2026 | Productiv ceases operations | customers told 2 August; access ended 5 August; data and backups destroyed |
Source: Matrix42, CoreStack and Vertice announcements; Torii's account of the Productiv closure (sources 14 to 17) · as of 30 September 2026
A spend tracker knows what you paid; a management platform knows who logged in, and only one of those survives a vendor's exit
What each class of tool can and cannot do for an Indian mid-market buyer, as of September 2026
Spend tracker: card feed, AP and negotiators
Management platform: identity-connected
Source: Vendor product and pricing pages (sources 1 to 9); Torii's account of the Productiv closure (source 14) · as of 30 September 2026
The Productiv episode changes the shortlist in one specific way. Any platform you choose will hold a map of every application, every account and every contract in your company. Ask, before the demo, three questions: can the full inventory be exported on demand in a documented format; how many days’ notice does the contract give before data is deleted at termination; and who the vendor’s owner is today. Productiv’s customers had four days.14
One of the nine is an Indian company: ManageEngine is a brand of Zoho Corporation Pvt Ltd, which has run from its Estancia campus in Chennai since 2015.20 One names an Indian hosting region: JumpCloud lets an organisation pick India (Mumbai) at sign-up, with the caveat that logs, telemetry and support metadata may leave the country.19 One rules India out by design: Matrix42 says the former Viio service is built and hosted in the EU.9 Zylo, Torii, Zluri and CloudEagle.ai name no hosting region on the pages read for this piece.1 2 3 5
1 of 9
India-headquartered vendor (ManageEngine, Zoho Corporation)
Zoho company history
1 of 9
Names an Indian hosting region (JumpCloud, Mumbai)
JumpCloud India data-centre FAQ
1 of 9
EU-only by design (Matrix42 SaaS Management)
Matrix42 SaaS Management page
6 of 9
No region on the website, or not checked by us
TechBag count
Residency matters here because of what the tool holds: a named employee, the applications they signed into, and when. That is personal data under the DPDP Act, and the platform is your processor for it.
Sources
Related on TechBag: the JumpCloud AI & SaaS Management page compares it with Zylo, Torii, Zluri and ManageEngine row by row; the Matrix42 SaaS Management pagedoes the same against ServiceNow, Flexera and CloudEagle.ai; and the catalogue lists every product TechBag quotes in INR.
Disclosure. TechBag is a software reseller: it earns a margin when a reader buys through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view.