Nefolo Takes Aim at Shadow IT with Release of its SaaS-Based Platform

Nefolo, the Shadow IT leader that provides 360-degree SaaS visibility and optimization, is introducing its global Shadow IT platform, a solution that gives businesses comprehensive visibility and control over their application landscape.

The cloud-based platform provides real-time insights into an organization's entire SaaS portfolio, including who is using what applications, how those applications are being used, and whether they pose any security or compliance risks.

"With the launch of our new platform, Nefolo is once again setting the standard for Shadow IT solutions," said Nefolo founder Adam Chamberlain. "Our unique approach gives businesses the visibility they need to make informed decisions about their application portfolio while also providing the tools and resources to prevent SaaS business risk."

The Nefolo platform provides businesses with a complete view of their application ecosystem, including information on which applications are being used, how they are being used, and who is using them.

It also offers a set of best practices for Shadow IT management, including application discovery, security assessment, and financial optimization. With its new platform, Nefolo is committed to helping businesses solve the security, compliance, and financial issues surrounding Shadow IT, according to the company.  

Nefolo's easy-to-deploy, SaaS-based solution offers businesses a comprehensive understanding of their application landscape, revealing:

  • The widespread use of unauthorized SaaS applications, often up to 75 different applications per business.
  • Employees expensing redundant apps, even when corporate alternatives are provided.
  • Failure to cancel subscriptions when employees leave the company.
  • Utilization of non-compliant, international SaaS vendors that may store data in unauthorized locations.
  • Use of free applications that may compromise data ownership or privacy.

Nefolo's platform also highlights how SaaS usage trends reflect real-world events. For example, easing COVID-19 travel restrictions led to increased travel app sign-ups, while the pandemic's mental health impact sparked a surge in mental wellness app subscriptions.

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