Press Release

Cloudability SaaS wins at the 2022 SaaS Awards

Apptio recognized at international software awards program

Bellevue, WASHINGTON – 13 September 2022 – Apptio, Inc., the leading provider of technology business management (TBM) applications, today announced that Cloudability SaaS has been declared a winner at The SaaS Awards, in the category for ‘Best SaaS Product for Management Accounting and Budgeting.’

Now in its seventh edition, the SaaS Awards recognized the strongest SaaS products from across the industry, with hundreds of entries received in categories including “Best SaaS for Productivity,” “Highest Customer Satisfaction in a SaaS Product,” and “Best Product for Financial Services.”

Cloudability SaaS allows technology and finance leaders to discover, manage, and optimize spending on software-as-a-service (SaaS) applications throughout their organization. The product is designed to discover and report on all SaaS applications, analyze license utilization and spend by application, and rightsize SaaS portfolios to meet changing business needs and avoid potential compliance issues.

Eugene Khvostov, Executive Vice President of Products at Apptio said: “We are thrilled to receive this recognition of the impact Cloudability SaaS has made. Gartner estimates the SaaS industry has grown by roughly 5 times in the last seven years from $31.5 billion to $171.9 billion and we have seen the real impact which our products can have in empowering organizations to extend cloud financial management best practices to their SaaS portfolio management. Organizations can now  analyze spend, forecast demand, and manage licenses through a centralized view; these capabilities allow for faster decision making in a time when ensuring your SaaS vendor footprint is optimized is critical to the success of technology businesses.”

Head of Operations for the SaaS Awards, James Williams, said: “This year the SaaS Awards received a very strong shortlist. All chosen finalists demonstrated a remarkable commitment to innovation.

Lead judge, Christopher Southall said of Apptio’s winning entry: “Apptio is well known within the financial services sector as their reputation in the industry is outstanding. They undertake financial analysis and planning tasks with ease, being a great fit for businesses of all sizes. We at SaaS Awards were most impressed with Apptio due to its divergent functionality, the wide range of stock templates and customizable reports and dashboards. We believe it to be an extraordinary help for the finance departments, as their tools ultimately undertake complex analysis for budgets, forecasts, and planning with great speed and ease. Well done, Apptio!”

Hundreds of organizations entered, with entries coming from across the globe, covering the Americas, Australia, Europe and the Middle East. The full shortlist and all finalists can be viewed here:

The SaaS Awards will return with a new software awards program in spring 2023 to continue its recognition of excellence in the SaaS industry. The Cloud Awards, a sister recognition platform to the SaaS Awards, is also now open for early 2022-2023 entries. This cloud computing awards program finds and promotes the best cloud solutions across a wide range of industries, with an October 21 deadline:

To learn more, visit:

About Apptio

Apptio gives you the power of trusted, actionable insights to connect your technology investment decisions to drive better business outcomes. More than 60 percent of Fortune 100 enterprises trust Apptio to manage to spend across the entire IT portfolio and beyond, so they can focus on delivering innovation. Apptio automatically ingests and intelligently structures vast amounts of enterprise and technology-specific spend and operational data. Apptio enables users across disciplines to report, analyze, plan, and govern their investments collaboratively, efficiently, and with confidence. Learn more at

 About the SaaS Awards

The SaaS Awards is a sister program to the Cloud Awards, which was founded in 2011. The SaaS Awards focuses on recognizing excellence and innovation in software solutions. Categories range from Best Enterprise-Level SaaS to Best UX or UI Design in a SaaS Product.

Finalists were selected by a judging panel of international industry experts. For more information about the SaaS Awards, please visit