Torii introduced its next-generation SaaS Management Platform (SMP), comprising a series of product releases that set a new standard for innovation and extensibility in SMPs.
The only SMP powered by generative AI, Torii’s enhanced platform enables bandwidth-strapped IT teams to automate time-consuming tasks, reduce SaaS spend, and gain actionable insights faster. The unique SMP enables IT professionals – and the organizations they work for – to stay at the forefront of SaaS management innovation, tailor Torii to their needs, and create a single place to manage all their software.
According to a recent Gartner report, SaaS spending is expected to grow 17.9% to $197 billion in 2023, with an increasing number of organizations relying on SaaS tools to communicate and collaborate, accomplish tasks quickly and ensure the proper functioning of their activities. However, for overburdened IT teams, the proliferation of SaaS applications has made their jobs more difficult. From trying to reduce IT and cloud costs to managing security threats presented by unauthorized applications, IT teams have a never-ending list of tasks that often accompany managing the SaaS ecosystem .
Powered by generative AI and featuring a newly open platform, Torii not only solves these challenges with the latest platform release, but redefines SaaS management and sets new standards for the industry.
From the ability to create and organize complex workflows to automate any SaaS task, to AI components that enhance a SaaS system of record while eliminating manual data entry, the enhanced platform offers countless ways to alleviate IT workloads and eliminate unnecessary SaaS spend in a secure and scalable manner.
Torii provides IT teams with a one-stop shop to unify, analyze and manage the SaaS ecosystem.
Some of the AI-based generative capabilities include:
AI contract ingestion: Users can instantly upload contracts to Torii with AI Contract Ingestion. Torii’s AI technology will automatically analyze these contracts to extract line item details, such as price, start date, end date, etc., which can be easily edited and verified by the user. Torii.
IT and procurement teams can not only save valuable time through the manual process of entering contract details, but can also gain valuable insights by automatically combining or summarizing contract data with other financial, licensing information. , usage and users from across the technology stack to help better prepare for renewals and gain rich, cost-effective insights.
AI application ID: Torii’s AI-powered App ID eliminates manual data entry by IT teams by automatically searching the app provider’s most recent data to improve an organization’s SaaS system of record.
AI Assistant: IT teams can immediately get answers to any SaaS question and gain actionable insights using Torii’s AI assistant. The AI Assistant, accessible through Slack, will continue to get smarter over time, eventually creating workflows on the user’s behalf.
“At Torii, we have always had the vision of developing a single software to manage all other software. With the introduction of generative AI, we are closer than ever to this goal. With this new release, we deliver a true end-to-end platform that solves all the SaaS management problems IT teams face by enabling our software to identify, understand and communicate application data,” said Uri HaramatiCEO of Torii.
“The new and open nature of the platform further amplifies our ability to provide IT professionals with exactly what they need to succeed in SaaS management, and the possibilities for what we can do from here are infinite,” added Haramati.
“The time and effort required to create API connections and automations can sometimes seem daunting, especially when you have an already busy workload full of competing responsibilities and priorities. For smaller IT teams in particular, the Torii Developer Community can be incredibly beneficial in reducing these issues by providing documentation, resources, and support to help you through the development process. Basically, you don’t have to go it alone,” said Nathan VerginIT director at AkitaBox.
“This is how we leverage community: it can be a huge asset to Torii customers. And the best part is, you don’t have to be a developer to take advantage of it,” continued Vergin.
To further eliminate unnecessary IT workloads, Torii also introduced Canvas Workflow Builder with unlimited branching and the ability to schedule real-time events, Slack approvals, and more, so any SaaS use case can now be automated easily.
With this new feature, IT professionals can visualize automation workflow in a single panoramic view, intuitively create complex workflows to meet team needs, and consolidate multiple workflows into one alone with unlimited nesting conditions.