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 […]

7 Common Procurement Challenges and How to Manage Them

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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 […]

How Spend Analysis Can Help Your Telecom Spend Management

Did you know that global technology spending had a four percent increase even amid the pandemic? These numbers should not surprise you, especially since almost all businesses rely on technology and telecom to operate most of their functions. Unfortunately, about 20 percent of the amount that companies spend on telecom is an unnecessary expense. For […]

Why You Need Spend Management Analytics in Digital Procurement

How do you reduce procurement costs, improve efficiency, and track and control workflows? The answer: Spend management Over the years, spend management has evolved into a continuous, comprehensive approach. This goes a long way to keeping your business in check and improving your bottom line. Since Covid-19 first emerged, procurement organizations have faced a barrage […]

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

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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 […]

How to Overcome Procurement Challenges? Use Spend Management Analytics

Gain control of your enterprise spend management through our defined use cases for digital procurement analytics. “We were aware there was issues with our Telecom spend and we weren’t getting the total value from our supplier contacts, but we did not have a flow of good data and struggled to make sense of what data […]

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 […]

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 Your Telecom Spend

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As a buyer, how do you prevent Contract Value Leakage in your complex Telecom Spend? Simple, Spend Analytics!  Telecom is increasingly a prominent feature in enterprise budgets. Annual spend on Telecom equates to an average 1-2% of enterprise revenue. Therefore, significant savings and efficiencies found in Telecom will make a significant impact on the bottom […]