Most companies practice cost management throughout the organization, but IT budgeting is often overlooked. Yet, IT cost management services can profoundly impact your company’s productivity, competitiveness, and profitability. IT cost management requires an in-depth understanding of every dollar spent on IT, but it shouldn’t all be lumped together. Instead, budgets should be appropriately categorized and […]
Managing costs is crucial for every department in your organization, but IT costs keep climbing. How can your company better manage these costs without sacrificing operational efficiency? We share with you the key challenges you will face in cost management. IT costs have risen by 20-25% across the board, widely attributed to the expanding role […]
Navigating the maintenance contracts renewal process is one of the most difficult aspects of your job. However, it’s also one of the most important. Because if you aren’t deliberate and strategic in your approach, overspending is all but guaranteed. There are few areas in which this is more evident than software support and maintenance contracts. […]
As technology advances, businesses must continue finding the latest IT tools, platforms, and technologies. Embracing the latest technologies gives your company a competitive edge, regardless of your industry. Yet, IT procurement can rapidly increase your operating expenses before you even pick a new vendor. Your internal teams need to evaluate new providers, run due diligence, […]
IT tools and technologies power teams throughout your entire company, from your cybersecurity department to your sales teams. The need for the right IT solutions means modern business can’t run without cost management from software procurement solutions. But here’s the problem: how do you approach software asset management? How do you choose an IT vendor […]
Finding the right tools for teams throughout your business can be frustrating. How much should you be paying for a given solution? Which vendors can you trust? What’s an appropriate amount of time to spend on weighing and researching all of your options? All of that can impact your cost management. Cost management is a […]
Information technology (IT) solutions— such as cloud services, network security, help desk support, and communication platforms —are at the forefront of business success in the modern era. These vital services unlock new opportunities and efficiencies that allow you to stay competitive in today’s markets. But the problem that many procurement professionals face is navigating the […]
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