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 […]
What’s Involved in Deploying Spend Optimization Platforms
Are you exploring a spend optimization solution for your IT services and wondering how they are deployed? Want to make sure they are not an absolute headache for you and your business? Know the right questions to guide your selection criteria? You’re in the right place. In this Article, we will go over the key parts […]
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 […]
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 […]
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 […]
