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
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 […]
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 […]
Proven Strategies to Improve Procurement Intelligence
In modern times, the shift from telecom expense management (TEM) software to technology contract value intelligence continues to gain momentum as the complexity of enterprises telecom asset lifecycle management increases. Every time you send an email or make a call, that is a service being delivered. When organizations use the cloud or machine to machine […]
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 […]
Strategic Cost Management for Complex Services: CTO Insights
The focus for enterprises on strategic cost management and contract value intelligence has never been more important. From mobile contracts and packages for your teams, through to the M2M communications between your machines, your organization is consuming technology services in one form or another. You are well aware of your growing need for these services, […]