Lumos has announced the launch of its App Governance Platform, a first-of-its-kind solution that automates access requests, enforces least privilege, speeds up user access reviews and eliminates extra SaaS spending.

According to the company, the platform supports the most critical functions for companies – cost management and security. With the new release, customers can now have visibility into usage, entitlements and spending – and the power to take action on that data, such as removing access to licenses or cloud permissions.

“Prior to the explosion of business-critical SaaS apps, the IT team controlled the infrastructure that ran the business,” said Andrej Safundzic, CEO and Co-Founder of Lumos.

“Now, SaaS spending has been decentralized and shadow IT runs rampant. As a result, there’s a lot of waste and duplication in SaaS apps, not to mention an increased security risk due to over-privileged accounts. Lumos helps IT leaders build an efficient infrastructure to help businesses run smoothly and securely.”