Cost Optimization Solutions – How do They Work?
You’re probably expecting an answer that involves AI, Machine Learning, <insert fancy tech here>. Well, yes. But instead of “sprinkle fairy dust, magic happens”, we have a more comprehensive breakdown of the capabilities involved in this article. Cost optimization solutions are becoming increasingly popular as companies look to reduce expenses and improve their processes to […]
The Benefits of Process Automation and How to Achieve It
Automation has become a buzzword in the world of business, and for good reason. The term was already familiar as far 1946, used in the automobile industry at the time to describe the increase use of automatic devices and controls in mechanized production lines. Manufacturing industries started using automatic devices and robotic machines at the […]
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 […]
Benefits of Cost Optimization in IT
Cost optimization is a critical aspect of modern business operations. It involves identifying ways to reduce costs while maintaining or improving performance. The demand for cost optimization is so pressing in companies that there are full service online platforms available today focusing solely on securing cost optimization in all sectors of the enterprise. They can […]
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 […]
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 […]
How to Optimize Telecom Cost Recovery
Many businesses are turned away from undertaking a telecom audit and seeking cost savings in their more difficult and complex contracts due to the costs and prohibitive factors involved associated to traditional audit processes. Complex contracts, like those in the telecom industry, cover hundreds of different products that can be configured in multiple ways. With […]
