The challenge. Many companies enter into IT supplier contracts, celebrating their initial discounts and supplier concessions, but later learn that they’re over-paying or getting little to zero value from their vendor arrangements.
The reality. Most IT vendor agreements are not optimized for an organization’s particular environment, resulting in unnecessary license and support fees.
The Impact. Without the appropriate internal process and controls to continually inspect, refine and re-negotiate IT agreements after the initial contract is executed, your organization is at risk for supplier lock-in and significantly over-spending which:
- Increases the dollars required to run the company
- Depletes the funds needed to grow the business