CXO Nexus is changing the vendor obfuscation game by delivering real-time, unbiased, AI-driven macro and micro visibility into true Vendor Spend, purpose-built for the C suite.
Large enterprises spend up to billions on Vendors, often more than 50% of their annual budgets. Shocking but true, the C suite and their teams lack visibility into what they spend with their vendors for a myriad of reasons, including: vendor sales practices (selling directly & through resellers), financial systems that do not provide the insight leadership needs, complex purchases and decentralized spending processes. Enterprises leave a lot of money on the table and end up with poor negotiation leverage, redundant vendors and an inability to know when contracts expire.
Our Co-founder & CTO lived this PAIN while trying to shave 5-7% off the annual $800M spend with Information Technology (IT) Vendors when he held a leadership role at Charles Schwab. Lack of Vendor Spend visibility made it impossible to negotiate from strength, identify compliance risk, and eliminate excess. The challenges he faced could not be solved at human scale. Our marquee customers and world-class advisors attest strongly that we are solving a big pain point for Global 5000 leadership.