The Modern Telecom and IT – Value Extraction Guide

Summary Telecom, IT & Cloud make up 83% of global IT spend according to the worldwide IT spending report by Gartner. This is a massive number highlighting how significant these categories are to IT Procurement organizations. Yet, despite the best efforts of IT Procurement to secure and sustain the best value for their business, they […]

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

black and silver laptop computer

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

person using MacBook Pro

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

person sitting on chair holding iPad

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% […]

Future of Procurement in the Digital Age

We have reached a point where technology innovation has enabled an advanced new approach to procurement. This has come at a crucial moment for enterprise companies, with organisations now routinely spending more money on technology services than on goods. Massive complexity, poor data quality, and ineffective cataloging of contract and invoice information is causing companies […]

7 Common Procurement Challenges and How to Manage Them

man using smartphone on chair

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 […]

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

laptop computer on glass-top table

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 […]