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 […]
Enabling Management Consultants to Drive True Cost Transformation for Clients
Management consultants are dedicated to creating value for their clients, and the purest form of this is cost transformation. Making a meaningful impact on client costs requires simplification and innovation, empowering the client to pursue new opportunities and growth. Consultancies can help their clients with complexity management and budgeting to some extent, but a solution […]
Uncovering Technology Service Savings Is Now as Easy as Using Google
When you Google something, have you ever wondered how it can provide specific results for you to explore? The answer is semantic technology, specifically the famous Knowledge Graph in the case of Google. The main goal of semantic technologies is to help machines understand data, and they are now enabling an evolution from simple relational database […]
Calculating the True Cost of Your Billing Problem
If you are part of a large organization, it almost certainly uses over 100 interconnected technology services and product offerings. Whether these services are telecoms or ICT related, they are generating frequent and complex bills. Measuring the outcomes yielded by these services against their cost is hard, meaning that most will spend up to 50% […]
What Is Procurement Transformation?
In the wrong hands, procurement can be a static system that simply serves to facilitate the obtaining of resources. Undergoing procurement transformation is the key to bolstering your savings. Savings gained with new contacts, relationships, and value. Every serious operator recognizes the value of procurement transformation. From the biggest businesses to banks all across the […]
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 […]
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 […]
