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 […]
Identifying the Telco savings your traditional audit can’t
A traditional one-off audit of your Telco services may leave you feeling like the job is done, but they are often incomplete and erroneous. These manual audits of the past are allowing many companies to spend as much as 50% too much on their Telco services, hampering vital growth and data hygiene. The complex Telco […]
What Are the Benefits of Using AI for Procurement?
Artificial intelligence and its many potential applications have long been a much-loved concept. This is true both in science fiction and theoretical models. Only recently have we begun to see the future of these possibilities take shape as a reality instead of a fantasy. The estimate is that AI for procurement will increase business productivity […]
Future of Procurement in the Digital Age
We have reached a point where technology innovation has enabled an advanced new approach to procurement. This has come at a crucial moment for enterprise companies, with organisations now routinely spending more money on technology services than on goods. Massive complexity, poor data quality, and ineffective cataloging of contract and invoice information is causing companies […]
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 […]
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 […]
Proven Strategies to Improve Procurement Intelligence
In modern times, the shift from telecom expense management (TEM) software to technology contract value intelligence continues to gain momentum as the complexity of enterprises telecom asset lifecycle management increases. Every time you send an email or make a call, that is a service being delivered. When organizations use the cloud or machine to machine […]
Digital Transformation With Spend Analysis Software
Enterprise digital transformation occurs when digital technology enables businesses to function better than before, improving efficiencies and business processes. At the core of this process is the transition of analog information to digital formats, with significant value available to organizations that adopt the right cost reduction strategies, spend management strategy, spend analysis process, and expense […]
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 […]
