The Promise of AI in SaaS: What Has Actually Been Delivered?

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Artificial Intelligence (AI) has been a hot topic in the Software as a Service (SaaS) industry for several years now. With promises of revolutionizing everything from customer service to business analytics, AI has been marketed as a game-changer for SaaS solutions. However, while the potential of AI is enormous, the reality of what has been […]

Zero-Based Budgeting in IT: A Tool for Radical Cost Optimization?

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Regardless of the changing priorities of businesses throughout the years, cost management remains one of the main challenges for procurement professionals. As technology continues to advance and the demand for IT services grows, finding innovative ways to optimize costs has become critical, but procurement professionals often grapple with budget constraints, the need for rapid technological […]

Cognitive Procurement – Leveraging Machine Learning for Smarter Purchasing

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I think it’s safe to say that digital transformation made substantial changes to how we approach procurement. Procurement is no longer just about cost savings and supply chain efficiency; it’s about strategic value and data-driven decision-making. Cognitive procurement, at the intersection of AI and procurement, is reshaping the way businesses approach their purchasing processes, moving […]

Predictive Analytics in IT: Forecasting Future Costs & Needs

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One of the critical tools empowering organizations to anticipate future challenges and opportunities is predictive analytics. This advanced analytical technique uses historical data, statistical algorithms, and machine learning to identify the likelihood of future outcomes, providing IT departments with a telescopic view into their operational future, particularly concerning costs and resource requirements. And, let’s be […]

Tail Spend in Procurement: What is it and Why Should You Care

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In the intricate landscape of procurement, it is common to fall prey to sneaky non-strategic expenses —usually known as ‘tail spend‘—which can quietly nibble away at a company’s finances. These minor yet cumulative costs often evade the attentive gaze of procurement and finance professionals, resulting in unseen financial leakage and missed savings opportunities.   Characterized […]

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

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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 […]

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 […]

TMS

TMS is an AI company that creates cost savings from Telecom expenses.

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