IT spend management and cost reduction
Gain complete visibility into what is driving IT spend across your organization, and identify opportunities for immediate and ongoing cost savings.
Consolidate all financial data in one place, get insights into your hardware and software spend, and optimize your IT costs with our spend management features and reports.
Hardware and software spend tracking
Build a complete picture of your organization’s IT spend across SaaS subscriptions, software licenses, hardware assets, and other IT expenses.
Log transactions and costs in your preferred currencies. Track software renewals, asset depreciation, and replacement dates. Record PO numbers, contract details, and supplier information. Upload receipts, warranties, and other financial documents for complete record keeping and IT spend management.
Connect your MDM, RMM, SSO, IAM, IdP, business applications, and finance tools to detect untracked assets and expenditure, and ensure every device, application, and license, along with their associated costs, is accounted for.
License optimization and software cost savings
Identify unused licenses, cancel what you no longer need, and reduce software spend.
Gain instant visibility into license usage with our License Intelligence connections, import additional software usage data with SSO, IAM, and IdP integrations, and automatically calculate potential savings.
Receive alerts when licenses are underutilized and when employees are scheduled for offboarding, to recover licenses effectively.
Software renewals visibility
Prevent wasted software spend caused by missed renewals, inactive subscriptions, and unexpected price hikes.
Manage all SaaS subscriptions, software licenses, and other contracts via a visual timeline that displays notice periods and renewal dates.
Automated email reminders notify designated admins before renewals are due, giving time to review, renegotiate, or cancel contracts.
Hardware asset tracking and recovery
Optimize asset usage and avoid unnecessary purchases with comprehensive asset lifecycle management and recovery processes.
Track the status, condition, and location of all company assets. Verify actual asset usage and recover unused equipment with dedicated user surveys. Receive notifications when employees are scheduled for offboarding to promptly retrieve equipment.
Use physical asset labels and our Discreet Asset Recovery Service to facilitate the safe return of lost devices.
Asset replacement planning
Effectively manage device replacements and improve budget forecasts with dynamic asset lifecycle data.
Automatically calculate asset depreciation, warranty expirations, and end-of-life dates based on your organization's lifecycle policies.
Understand the current value of your hardware portfolio and accurately forecast replacement costs and future cash flow requirements.
Automated IT spend reports
Improve IT budget forecasting with spending trend insights and automatically generated IT spend reports.
Analyze technology spending by department, location, legal entity, vendor, manufacturer, and even individual employee to identify key cost drivers.
Gain insights into underused software and licenses, and automatically calculate potential software cost savings.
Cross-departmental collaboration
Break down silos between Finance and IT by managing all IT spend in a single, shared system.
Setyl’s intuitive interface and modern design make it easy for both technical and non-technical users to collaborate.
Work with Finance, department heads, and other teams to build and access a full picture of IT spending. Customize user permissions and restrictions based on location, department, legal entity, and more.
Setyl IT spend management and cost savings FAQs
What return on investment (ROI) can I expect from Setyl?
Up to 30% of an organization’s IT spend is wasted on unnecessary software licenses and hardware purchases (CIO Dive 2025, Statista 2025, G2 2025, Gartner 2021). Setyl helps you identify and reduce this wasted spend through improved visibility and proactive notifications and insights.
Use our ROI calculator to estimate your potential IT cost savings with Setyl.
How does Setyl help organizations reduce IT spend?
Setyl helps you reduce IT costs in the short and long term by identifying existing waste, optimizing current resources, and improving future spending decisions. Specifically, Setyl helps organizations:
Cancel unused licenses and inactive subscriptions
Renegotiate software contracts ahead of renewals and avoid unexpected price increases
Maximize existing inventory and avoid unnecessary purchases
Retrieve equipment and licenses from offboarding users
Recover unused and lost hardware assets
Inform budget forecasting and IT spending decisions
Prevent compliance risks, regulatory fines, and vendor penalties
Free up your team’s time and boost productivity
Book a demo to discuss how Setyl can help you improve IT spend management and cut costs.
How much does Setyl cost?
Setyl offers three pricing plans, with costs based on the number of employees in your organization. Every plan includes unlimited software and hardware assets.
Request a quote.
How quickly can Setyl be implemented?
Thanks to native integrations, out-of-the-box functionality, and one-on-one support from the Setyl team, you can be up and running with Setyl in just one hour.
Why use Setyl?
Setyl helps IT teams improve day-to-day operations, reduce IT costs, be audit-ready, and stay compliant — with a platform that’s easy to use, fast to deploy, and built for collaboration.
Learn more about the benefits of using Setyl.
See Setyl’s IT spend management features in action
Speak with one of our specialists to see how Setyl can help you optimize hardware and software spend management, and reduce IT costs.
Explore more platform features
Software asset management
Map all your SaaS subscriptions, software licenses, and service agreements, including costs and renewals.
Hardware asset management
Gain complete visibility and control over your organization’s hardware assets and equipment.
Compliance and IT safeguarding
Mitigate security and compliance risks, and breeze through your ISO 27001, SOC 2, and more audits with Setyl.
