How Data Insights Can Optimize your Organization’s IT Services
As businesses continue to rely on technology to drive their operations, optimizing and managing IT services (one of the largest areas of IT spend for most organizations) has become increasingly important. One of the most effective ways to achieve this is by leveraging data insights. In this article, we will explore how businesses can use […]
3 Simple Ways to Manage the Contract Life Cycle of Your IT Professional Services
A critical part of an IT project manager’s role is ensuring they can manage the contract life cycle of IT Professional Services under its supervision. Once the Master Agreement has been signed (sometimes with little to no negotiation due to sensitive timelines of projects), dozens of ancillary contracts – from statement of works to SLAs […]
Comparing TEM and IT spend optimization platforms
Technology Expense Management (TEM) and IT spend optimization platforms are both solutions that companies can use to manage and reduce their expenses. TEM platforms are a well-established solution category that for many years was the only solution capable of handling enterprise requirements, including invoice processing, contract management, and usage reporting. This reporting has helped companies […]
Refundable Billing Errors and Where to Find Them
Cost Savings in IT This is the 2nd article in our “Cost Savings in IT” series. Introduction Did you know that 3% of invoiced charges are likely to be billing errors? Are you looking for ways to identify these errors and claim refunds from your vendor? Trying to work out how to systemize the process? […]
Methods for optimizing costs in IT
Methods for optimizing costs in IT Are you looking for ways to optimize costs in IT but not sure where to begin? Trying to work out the most efficient way to identify cost savings? In this article, we’ll look at the different methods of optimizing IT costs and how a cost optimization […]
How Spend Analysis Can Help Your Telecom Spend Management
Did you know that global technology spending had a four percent increase even amid the pandemic? These numbers should not surprise you, especially since almost all businesses rely on technology and telecom to operate most of their functions. Unfortunately, about 20 percent of the amount that companies spend on telecom is an unnecessary expense. For […]
What is the Role of Contract Value Intelligence in Spending Analysis?
Understanding what truly constitutes contract value intelligence (CVI) is a crucial starting point for strategic cost management, expense management and enterprise spending analysis. Telecom or technology contract value can be determined by the quality of the service in relation to your overall technology and telecoms spend, which you must be aware of to determine whether […]
6 Category Management Strategies To Optimize Telecom Spend
Factors such as bundling services and keeping copies of contracts have their roles to play in reducing telecommunications costs, but many organizations are still failing to investigate a range of unnecessary hidden expenses, and the complexity of a telecom category management process for enterprise procurement teams continues to increase. Whether your organization is paying for disconnected services […]
Category Management Analytics drives Business Digital Transformation
Imagine this: your team has found itself over budget after a challenging year of technology migrations and changing suppliers. You and your team need to find where the problems lie but no-one has enough spending analytics associated to your contract lifecycle management to fully understand the actual services being delivered within your technology and telecom […]
Why is Technology Expense Management Complex?
Enterprise organizations have been striving to adopt wide ranging emerging technologies including technology expense management providers and telecom expense management software throughout recent history, meanwhile contract value management, contract value intelligence and enterprise spend analysis practices have also been gaining momentum. However, a growing problem exists, the complexity for enterprises to efficiently manage technology expenses […]
