CPO: Set-up pinpoint clarity and governance of your purchasing domain

"Procurement sees across the organization.

They know what's being bought, by business unit, from what supplier and at what price point.  Procurement has incredible intel to drive value not only from a buy-side but also from a client/customer perspective.

Business transformation requires agility and speed.  Procurement given their value potential should be supported to operate like sales, with a budget to invest in technology, process and people to unlock their true potential to expand value across the organization."

 

- Greg Tennyson, Head of Global Corporate Services, VSP

greg-tennyson
CIO-Market -trend-mapL1-menu-closed-x5

:30 Minutes
to SAVE MILLIONS

The Challenge:

The vast majority of company spending is in your hands, the team needs tools that reach across purchase systems, departments and locations.

Reduce Monthly Expenses

A Fortune 500 spends $1M+ on a team that includes 12 data scientists + hired consultants to understand their spend data. After months, the data is inaccurate and only relevant at that moment in time.

With the CXO Nexus’ InCights™ Dashboards, you identify your true OEM spend, realize the Parent/Child relationships of vendors, and realize savings from these insights. Your cost savings enable investment in the latest Cybersecurity and mobile, initiatives, driving higher revenues and performance.

Excess Vendor Elimination

Using the CXO Nexus InCight™ Dashboard reveals that you are paying four unique security companies, three of whose contracts you believed had expired. Their contracts had automatically rolled over and you realize that you are paying for redundant vendor services.

Negotiation Leverage

Your Procurement team negotiates a new contract with Pivotal believing that they spend $1.5M each year with them.

The CXO Nexus InCight™ Dashboards reveal that Dell acquired Pivotal. It also reveals that Dell also owns EMC and VMWare, and that in aggregate you are spending $7M annually with all of them under the Dell umbrella. Your team brings this leverage into their negotiations and drive much better terms across all of these vendors.

Collaborate Across the C-Suite

Eliminate Excess

Eliminate Excess

Identify Spend

Identify Spend

Remove Duplication

Remove Duplication

Reduce Risk

Reduce Risk

Ensure Regulatory Compliance

Ensure Regulatory Compliance

Cross-collaboration

Cross-collaboration

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