Critical RFX Management Best Practices for IT Procurement
Procuring new technologies is essential for continued growth and efficiency for organizations across all industries. However, the IT procurement process can often become costly or result in adopting the wrong technology entirely. A recent survey of procurement executives found the top procurement issue is reducing spend costs via acquiring cost-effective technologies. Other key issues include […]
Top Tips for Maximizing Your 2022 Year-End Budget to its Full Potential
The end of the year is rapidly approaching, and IT departments that do not maximize their remaining budget risk having a lower budget next year. Often referred to as ‘use it or lose it,’ departments and managers that don’t maximize their year-end budget may be allocated lower amounts next year. New budget calculations rely on […]
IT Budgeting: Why Cost Management Is So Important
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 […]
IT and Software Cost Management Challenges You Need to Know
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 […]
8 Best Practices for Renewing Software Maintenance Contracts
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. […]
3 Reasons To Choose 3Quotes for Your Procurement Services
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, […]
The Advantages of Using Cost Management Services for Your Business
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 […]
What’s Involved in Cost Management? The Ins and Outs
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 […]