More runway, lower cash burn
The hard reality for any start-up is that runway, and therefore cash, is king. While start-up founders are savvy enough to be careful about the big costs, it’s often the smaller operational costs – like your cloud platform spend – that can spike unexpectedly.
So, does that mean you have to eyeball every cent you spend? Well, yes. But if that takes your attention away from mission-critical tasks like acquisition and product development, it might not seem worth the effort. Luckily, there’s software for that.
Why you need automated cost analysis
It’s something we’ve built into Parallo’s offering automated cost analysis functionality. It helps you save money by spotting anywhere you’re wasting it, and can also compare costs between periods, so if there’s a spike in usage and therefore your bill, you know ahead of time.
Our latest eBook, From start-up to hyper-growth: how to set your SaaS business up for scale, explores the roadblocks that often trip up fast-scaling businesses – and why busywork is what sends so many SaaS companies to an early grave.