CXO Nexus partners with Ingram Micro to deliver Cost Optimization solutions.
Use Case Video
CXO Nexus InCight Brief 2024
CXO InCight® Overview
Client Outcomes
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.
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.
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.
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.
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