Quolum

Quolum is a full-stack SaaS procurement platform that enables companies to manage their SaaS subscriptions efficiently, reducing the time and resources required to ensure minimum spend. The platform integrates with existing quality management systems and provides a centralized, cloud-based solution for managing contracts, invoices, and used logins. Quolum's platform is built on the latest SaaS requirements, including a payment card option, subscription management, strategic sourcing, security, and compliance.

Quolum's core offering is a SaaS expense card, which serves as the source of data for accurate and real-time spend analysis. This card allows companies to set rules, user limits, organization limits, and app restrictions, enabling collaborative SaaS management by engaging all decision-makers before a purchase. Quolum aims to help companies make better SaaS purchase, renewal, and cancellation decisions by being the intermediary for payments and consumption tracking.

In addition to expense management, Quolum is expanding its product offerings to address SaaS security concerns. The company is developing a new product feature focused on data loss prevention (DLP) configuration and controls to secure data flow between SaaS applications and large language models (LLMs).