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Speaking in Berlin on Cost Optimization at SAMs Europe 2022
CXO Nexus is in Berlin for SAMS 2022 – Oct 3-5th at Booth #2. Our Tech Take session: Optimizing Vendor Spend via AI & Machine Learning is Tuesday, October 04 at 4:30 pm – 04:45 pm. Come by, say hello, demo CIO InCight and enter to win an iPad! #SAMSeurope Use code “SAVE@BPSAMSEU” for 30% off.
Reduce Carbon Footprint & Optimize Vendor SpendÂ
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. Â
ITAM Virtual Summit ’22 Video
The video of our session from ITAM Virtual Summit ’22 is here. Watch Ken Male discuss how enterprises like Nasdaq, Paramount, and Cigna are leveraging advanced technologies to automate (no FTEs required) the cleansing, classification, and categorization of IT Vendor Spend. Outcomes include vendor & supplier consolidation, negotiating leverage, cross-business collaboration, and peer benchmarking.
Download the presentation and watch the video from the event.
Cloud Summit ’22
Join Us in Miami Beach for Cloud Summit ’22; May 17th -19th. Be sure to register and attend our breakout session on the 3rd day, May 19th from 1:15 to 2:05pm, where Ken Male will discuss “Data Driven Insights to Power New Cloud Revenues”.
CXO Nexus at ITAM Virtual Summit
ITAM Virtual Summit 2022 April 20 &Â April 21Â Â |Â Â 11:30 AM – 3:30 PM ET…
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.
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.
Balance Of Trade
A key CIO InCight® use case is for a company to provide essential multi-year spend information for their IT suppliers back to the Lines of Business (LOBs) that identifies the delta to the suppliers reciprocal spend for their companies’ products and services. The IT, Finance and Procurement teams call this Balance of Trade.
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.
Nasdaq Use Case of CIO InCight®
A Dynamic Conversation Insider Intelligence discusses leveraging advanced technologies to innovate with Nasdaq “You have…
