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TRG Screen has been recognized by APAC CIOOutlook Magazine as the recipient of “Top Compliance Solutions Companies,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the APAC CIOOutlook research and editorial team based on insights from an interview with Leigh Walters, President and COO.

TRG Screen
Three-Fold Approach to Ensure Compliance in Enterprise Subscription Management

TRG Screen

,Leigh Walters, President and COO, TRG ScreenLeigh Walters, President and COO
In today’s data-driven business world, the subscription economy is booming. Numerous vendors provide crucial data for risk calculations, pricing, KYC, research, or market analysis to organizations through subscription plans. The result—organizations find themselves swamped. Lacking visibility into their subscription spend and usage, organizations bleed money on unused or underused subscriptions and duplicate or fraudulent billing. They also expose themselves to compliance risks, fines, or back-billing if under-licensed or out-of-contract subscriptions are discovered in use during vendor audits.

Bringing much-needed compliance visibility into enterprise subscriptions for organizations is TRG Screen. The company designs market-leading software solutions for subscription spend and usage management. Through its state-of-the-art enterprise subscription management platform, Optimize, TRG Screen enables unparalleled centralized management of subscription packages for organizations, ensuring they save on subscription fees and remain compliant with their existing vendor contracts.



“We provide organizations detailed understanding of the What, Who and How of their subscription status. This effectively gives them complete visibility into their vendor landscape to rationalize costs and ensure compliance,” says Leigh Walters, President and COO of TRG Screen.

TRG Screen empowers organizations with enhanced, granular visibility into three aspects—what services they are subscribed to, who is using them, and how are they being used. This unique three-fold approach ensures complete compliance visibility into an organization’s full subscription list—such as SaaS, IT, research, telecom, and market data, as well as other corporate expenses. Organizations can now track their subscription spend and usage better and discover areas where they are incurring losses or risking compliance with vendors.
This helps them pay only for essential vendor services and eliminate redundant subscriptions while continuing to be vendor-compliant.

Subscription Management Made Easy

The benefits of TRG Screen’s Optimize solution are manifold. The automated software allows companies to save more time and resources in managing vendor subscriptions. Apart from offering visibility into the subscription spend and usage down to department and user levels, it stores the terms and conditions of each vendor contract and subscription service in a centralized database with search and reporting abilities. This enables organizations to perform cost comparisons across offices, data types and usage models in their subscribed services that come with varied pricing, usage restrictions, and contract terms, and discover opportunities for cost savings.

Optimize also enables organizations to track licenses for analytics software and cloud servers preloaded with multiple software licenses. This helps them determine the status of license allocation, add and remove user access as employees join or leave the organization, switch off expensive test servers, and control subscription costs.

Through centralized management of vendor contracts, software licenses, and in-built contract and billing models, Optimize accurately predicts the details of each incoming invoice and handles the verification, approval, and cost allocation of the invoices prior to payment. It links subscription contracts with the associated vendor invoices and the organization’s procurement, HR, and finance departments, which eliminates invoicing errors and duplicate billing.

Optimize also provides visibility into the risk exposures in an organization’s subscription licenses. It enables organizations to determine any discrepancies in the number and credentials of employees accessing each subscription. This helps them avoid licensing issues for installed software or subscription services, prevents regulatory audit fines, and fosters better savings and compliance.

We provide businesses detailed understanding of the What, Who and How of their subscription status. This effectively gives them complete visibility into their vendor contracts landscape to rationalize costs and ensure compliance

To provide heightened transparency, TRG Screen allows companies to view the use frequency of the installed software and data subscriptions and forward that information to the users and managers, who can turn off unused services prior to renewals. With this in-house tracked usage feature, companies gain the ability to efficiently track their vendor compliance status without relying on vendor-provided stats.

Transforming the Vendor Subscriptions Landscape

TRG Screen’s solutions have proven to be advantageous to numerous organizations with their enhanced subscription usage tracking abilities, resulting in significant savings— about 10-30 percent on average. One firm utilized TRG Screen’s usage and inventory tools to better manage a complex vendor contract, resulting in huge savings through direct usage-based billing. In another notable instance, a London-based firm saved a whopping $200,000 in just one year by implementing Optimize to detect and rectify erroneous invoices from one particular vendor.

The efficiency of TRG Screen’s software solutions, as reflected in client engagements, is the work of its team of specialists and subject matter experts. The team possesses immense domain-specific knowledge courtesy of decades long experience in handling complex vendor subscriptions and contracts and related risks. It enables TRG Screen to act as consultants to clients with a deep understanding of their exact pain points, and be market leaders in offering the best subscription management solutions.

“We are experts in managing organizations’ subscriptions and contracts. After experiencing our system and its benefits, it’s almost impossible to go back to having that lack of transparency and granularity,” states Roel Mels, Head of Global Marketing at TRG Screen.

TRG Screen’s groundbreaking solution is indeed transforming the way organizations can track and optimize their subscriptions, in an unprecedented manner with unheard-of cost benefits. It is setting the stage for a new era in ensuring vendor contractual compliance in the enterprise subscription space.
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Company
TRG Screen

Headquarters
Singapore (HQ in New York)

Management
Leigh Walters, President and COO, and Roel Mels, Head of Global Marketing and Jamie Johnston, Business Development Manager

Description
TRG Screen offers software for enhanced enterprise subscription management focused at reducing overhead costs for businesses. Its software helps organizations monitor and manage their subscription spend and data usage in IT, research, telecom, market data, software licensing, and other corporate expenses to remain compliant with their vendor contracts.

2022

TRG Screen News

TRG Screen Announces Strategic Growth Investment from Vista Equity Partners

Partnership with Vista reinforces TRG Screen's leadership in enterprise subscription spend and usage management; capital will accelerate growth initiatives to address an increasingly complex market data and information environment

NEW YORK, -- TRG Screen, the leading provider of enterprise subscription spend and usage management software, today announced a strategic growth investment from Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. TRG Screen will use the capital to accelerate product innovation, talent, and go-to-market functions to meet the growing demand for transparency, compliance, and control of market data and information consumption.

TRG Screen also announced that Leigh Walters has been appointed Chief Executive Officer. Walters, who will succeed Steve Matthews, has previously served as both President and Chief Operating Officer of TRG Screen since joining in 2017. As part of this planned transition, Matthews will assume the role of Executive Chairman after serving as CEO for the past nine years. He will continue to partner with Leigh and the company's executive team in driving strategic growth.

"This investment from Vista comes following the tremendous success TRG Screen has achieved in providing our customers with leading subscription spend and usage management capabilities; it will also further accelerate our software and managed service offerings in response to the market's demand for best-in-class solutions," said Leigh Walters, CEO of TRG Screen.

"Following a successful investment with Pamlico Capital, we are excited to partner with Vista to continue our mission of delivering integrated customer solutions to optimize subscription spend and usage. Vista's team of investors, operators, and technologists understand the unique opportunity of a company like TRG Screen, and we look forward to working with them in our next phase of growth," added Steve Matthews, Executive Chairman of TRG Screen.

Driven by an ever-increasing demand for data and information, the subscription landscape continues to grow in both size and complexity, with financial market data alone representing $37.3 billion annual spend in 2022.1 TRG Screen's modern solutions provide actionable insights into spend and consumption patterns, providing customers with complex and expensive subscriptions with clear visibility into their spend, usage, and compliance, against a backdrop of increased cost pressure. TRG Screen currently serves more than 500 financial services organizations, law firms, and global enterprise customers that jointly manage over $8.5 billion in subscription spend.

"The proliferation of subscription-based services has made controlling costs, monitoring usage, and managing access a top priority for leading financial services organizations, law firms, and global enterprises. TRG Screen's platform is mission-critical, providing customers with the visibility to make impactful business decisions. We congratulate Steve on positioning TRG Screen to define the future of subscription spend and usage management and are excited to partner with Leigh and the rest of the team to support TRG Screen's long-term growth and success," said Martin Taylor, Co-Head of Vista's Foundation Fund and Senior Managing Director.

"We truly enjoyed working with Steve, Leigh, and the entire TRG Screen team. They are talented operators, and we are thankful to have had the opportunity to help them achieve their vision for the business," said Walker Simmons, Partner at Pamlico Capital.

Kirkland & Ellis LLP served as legal counsel to Vista, Raymond James served as financial advisor to Vista, and Oliver Wyman served as commercial diligence advisor to Vista. Alston & Bird LLP served as legal advisor and William Blair & Company and Truist Securities served as financial advisors to Pamlico and TRG Screen.

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