InCight® Insider
Briefs featuring client outcomes with CIO InCight®
M&A Spend Management: Expediting Optimization
According to McKinsey, an organization’s Vendor Spend represents on average 25 to 40 percent of a merger’s total cost-saving potential. Core to achieving this is building the right foundation; a combined spend baseline and taxonomy.
Tech Spend in T&E Expenses
This month in the InCight Insider we feature an example of how IT, Finance and Procurement leadership identified a wide variety of IT spend by Business Unit (BU) in their SAP Concur T&E system by deploying CIO InCight™, the automated source of truth for all Technology Vendor Spend. The blue arrows point to BU’s purchasing technology directly, not in collaboration with the IT organization. (Note we highlight 3 anonymized BU’s below. T&E IT spend was happening in several others as well.)
Reduce Carbon Footprint & Optimize Vendor Spend
This month we feature how a client leverages their TruSpend® (direct + purchasing via resellers) on core IT Infrastructure to reduce both their Carbon footprint and spend.
Automation eliminates manual oversight
This month we feature examples of how a client achieved desired objectives by automating the cleansing, classification and categorization of their vendor spend.
TruSpend® is the Single Source of Truth
CXO Nexus InCight Insider News: This month, we highlight how the CIO InCight’s transformation of IT Vendor TruSpend® is the de facto source for a client’s Vendor Spend Analytics Warehouse.
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.
Customer challenges and insights gained by using CIO InCight.
Each one is a chapter in discovery, finding hidden details of the vendor spend data ingested. Our ML & AI-driven Intelligent Fusion Engine IFE® is used to clean and normalize down to the item level and will reveal actionable information.