How Fortune 500s Use Procurement to Manage SaaS Compliance

Episode 39 of Enterprise Tech examines how Fortune 500 companies are using procurement to enforce SaaS compliance, specifically around data residency and SOC 2 certifications. Lucas and Luna discuss how a major financial services firm used contract clauses and automated audits to avoid a $10 million regulatory penalty. They break down the three key levers procurement teams use: contract language, vendor risk assessments, and continuous monitoring. The episode also covers the hidden costs of non-compliance, including software audits and vendor lock-in. A practical look at a growing problem for enterprise tech buyers. #SaaS #Compliance #Fortune500 #Procurement #DataResidency #SOC2 #VendorRisk #EnterpriseTech #SoftwareAudit #Regulatory #ContractNegotiation #RiskManagement #Business #Technology #FexingoBusiness #BusinessPodcast #EnterpriseSoftware #ComplianceManagement Keep every episode free: buymeacoffee.com/fexingo