Newsletter
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.)
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.
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.
The Importance of Vendor Spend Categorization
MARCH 2021 Fellow InCighters, This month’s Insider highlights how a client leverages the automated Categorization…
OEM Parentage + Reseller Purchasing = TruSpend™ with your Vendors
By gaining a view of spend that includes OEM Parentage and Reseller Purchasing, equals a Truspend™ view of your Vendors.
Identify Redundant Purchasing to Reduce Spend.
Software costs, especially SaaS, can grow at an extraordinary rate as companies invest in new technologies that can be easily implemented. Business Intelligence (BI) tools are a textbook example. Strategic sourcing opportunities are wasted by IT, Finance and Procurement organizations not having a centralized view of spend at the product level and by the Cost Center/ Department making the purchase.
What to do when a vendor is breached.
When a high profile cyber breach like FireEye is breaking news, being able to quickly identify spend with a breached third party is critical to prepare your response. It’s difficult to know your exposure if you can’t identify spend with a breached supplier – especially when the products are purchased through a reseller.
