Cost Optimization / Quick Wins

Why IT Vendor Spend?

  • Large - often makes up more than 50% of annual IT budgets

  • Limited Visibility - purchasing via resellers can mask over 80% of OEM and Publisher Spend

  • Rogue & Business-Led spend - is significant

"Automating the visibility into our vendor spend, both direct and indirect, optimizes our cost structure. By ingesting data from multiple systems we have stakeholders spanning the entire organization all working off of CIO InCight. It has been a game changer."

Shawn Bennett Vice President Vendor & Asset Management

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Optimize Spend. Reduce Costs. Fund Innovation.

Smart

Artificial Intelligence and Machine Learning automate the cleansing, classifying & categorizing of vendor spend data.

Easy

No FTE’s or expensive consultants; works with all financial systems.

Fast

Automation delivers results in as few as 10 business days.

The  CIO Roadmap for Strategic Cost Optimization

The Five Stages:

Establish Baseline

Identify Opportunities

Implementation

Institutionalize

Monitor | Improve

TruSpend® from CIO InCight delivers on every stage

AI & ML to Cleanse, Classify & Categorize Vendor Spend

Automated Monthly Refresh, SaaS Delivery

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CXO Nexus partners with Ingram Micro to deliver Cost Optimization solutions

A System of Visualization at the Nexus of the C Suite

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Outcomes for leadership spanning IT, Finance and Procurement:

→ Negotiating Leverage
→ Peer Benchmarking
→ Consolidation of: OEMs, Software Publishers, Service Providers
→ Supplier Reduction
→ Identify Shadow & Business led Spend
→ Eliminate Tail Spend
→ Context > Spend & Trend, Risk, Diversity, Balance of Trade

Centralized view of spend eliminates work done in silos

Watch our webinar on "Cost Optimization in IT Vendor Spend with CXO Nexus"

In Partnership with

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