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 […]
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 […]
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 […]
Tackling the Root Cause of the World’s Billing Problem
Identifying cost savings for customers who have been consistently overcharged only solves one part of the global billing problem. Technology service providers, such as telecoms companies, are also at risk when failing to accurately bill their clients. Losing customers and breaching regulatory compliance are the foremost hazards, particularly at this time of increased data scrutiny and […]
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 […]
A Complete Guide to Procurement Analytics
Resilient supply chains and processes are more critical than ever. But how can your procurement department put this into practice? One of the best ways to improve processes is to invest in the power of data with procurement analytics. Many chief procurement officers (CPOs) do not have the technology to leverage data. A study found […]
7 Common Procurement Challenges and How to Manage Them
Procurement has been at the heart of a company’s success since the Egyptians in 3000 BC. However, the complex nature of managing procurement means it is not without challenges. Business procurement departments have a variety of different responsibilities. Managing procurement involves everything from contracts to supplier relationships. It means it is a dynamic role that has to […]
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 […]
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 […]