InCight® Insider

A monthly brief featuring client outcomes with CIO InCight®

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C Suite Collaboration Improves P&L

The intuitive, out of the box visibility that CIO InCight® provides for IT Vendor spend has been a tremendous collaboration platform for office of the C suite to identify and implement cost optimization strategies that have a positive impact on the P&L. This month we feature how a client leverages InCight as the centralized system of truth and feature two recent optimization plays.

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Cloud TruSpend®

Cloud TruSpend®

Our client highlighted this month uses CIO InCight’s automated vendor TruSpend to identify the full gamut of Cloud purchasing by: IT, the lines of business and what is transacted direct or indirect.

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Unmasking Reseller Spend InCight Insider

Unmasking Reseller Spend

Enterprise Technology purchasing via resellers is universal, as a result knowing the total spend with your OEMs, Software Publishers and Service Providers is not possible as in place financial systems are not designed to unmask the reseller spend. This results in loss of negotiating leverage and excess suppliers. This month we highlight how a client leverages the AI & ML based TruSpend® from CIO InCight® that reveals the all-in spend with their vendors, both direct and what is purchased via reseller.

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Cost Center Clarity

This month, we feature the ability to process Cost Center hierarchies that seamlessly detail where spend occurs outside of central IT management. The Nexus Automation Engine™ uses advanced AI & ML technologies to ingest and normalize an organization’s spend data by assigning categories, detailing supplier and manufacturer parentage, incorporating custom metadata, aligning cost center hierarchies, and more. Data sources include: Accounts Payable, T&E, P Card, Invoices and Purchase Orders.

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InCight Insider News April 2021

M&A: Fast Track Vendor Optimization

According to McKinsey, an organization’s Vendor Spend represents on average 25 to 40 percent of a merger’s total cost-saving potential. The core to achieving this is building the right foundation; a combined spend baseline and taxonomy.

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The Importance of Vendor Spend Categorization

Fellow InCighters, This month’s Insider highlights how a client leverages the automated Categorization of CIO InCight® to track the spend related to moving legacy IT…

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OEM Parentage + Reseller Purchasing = TruSpend™ with your Vendors

By gaining a view of spend that includes OEM Parentage and Reseller Purchasing, equals a Truspend™ view of your Vendors.

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Identify Redundant Purchasing to Reduce Spend.

Software costs, especially SaaS, can grow at an extraordinary rate as companies invest in new technologies that can be easily implemented. Business Intelligence (BI) tools are a textbook example. Strategic sourcing opportunities are wasted by IT, Finance and Procurement organizations not having a centralized view of spend at the product level and by the Cost Center/ Department making the purchase.

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Don't miss another installment of customer challenges and insights gained by using CIO InCight.

Each one is a chapter in discovery, finding hidden details of the vendor spend data we have ingested. Using our ML & AI-driven Intelligent Fusion Engine (IFE®) to clean and normalize anonymized client data down to the item level and can reveal deep connections and actionable information.

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