Enterprise Spend Analytics and Contract Value Intelligence Made Simple
Go beyond Telecom Expense Management, take an interactive tour of Thinking Machine and learn how to uncover, optimise and monitor hidden value in your Technology and Telecommunication spend, without the need to change your suppliers.
Digital Transformation Software meets Digital Procurement Expense Management, super-charged by Innovation and Data Science.
The cost of poor contract management continues to rise, fueled by the ever increasing complexity of managing large Technology & Telecommunication supplier relationships. Research shows that on average 7 out of 10 organisations are over paying for services, continually receive inaccurate supplier invoices or contractual SLAs and KPIs have not been met by a supplier.
We believe there is a better way.
Smart work saves money.
Keeping track of the latest technological developments, gaining visibility into development cost and pricing, and identifying the best regional sourcing opportunities are currently some of the toughest challenges facing technology and telecommunications procurement professionals.
However, inaccurate invoices, missed SLAs and value leakage should not be major industry challenge for buyers, our platform will ensure you always pay the right price.
Bad data and information silos are frustrating for everyone.
When we have good data and can easily access the right information we all can make better decisions.
Our platform is designed to help you make better informed decisions about your spend by giving you a single global view of all your technology and telecommunications spend.
A true extension to your team.
Let us do the heavy lifting for you.
Once our platform has quickly visualised your spend analytics and cost optimisation recommendations, through an innovative approval process we can turn those recommendations into immediate cost savings, directly with your suppliers on your behalf if your team is focused on other priorities.
Business Digital Transformation. Procurement Software for Accurate Spending Analysis and Contract Lifecycle Management.
You’re likely aware there are issues with your Technology and Telecom spend. People have their role to play between managing Telecom projects, overseeing the contracts, and managing day-to-day operations with the suppliers.
No-one is really able to get their arms around exactly what you’re spending money on, and articulate issues with enough data that will actually push your suppliers to improve the contract value you receive.
What’s missing is a fact base, a standard source of facts that provides context to the who/what/where of your complete technology telecom spending analysis and allows you to ask questions of your spend and contract value with detailed and consistent answers.
Without a fact-base, enterprises globally are subjected common value failures every day - Over-payment for technology and telecom services, Wrong charging from suppliers, Loss of oversight and inaccurate asset inventories of who’s using your services.
These failure points stem from dozens of specific issues and create a cycle of contract value loss from the value you expect to get from your contract to what you actually receive.
A fact base is crucial for the health of what you currently spend money on. It’s also vital for the health of your digital procurement and supplier contract negotiations.
Without a fact-base, Procurement teams have no way of knowing that a seemingly minor term in the contract may turn into the supplier being 2x as expensive as another. A recent client experienced this exact pain point, a simple item of £0.02p for a certain call type led one of our clients suppliers to have a “total cost of ownership” which was 187% higher than other suppliers our client had contracts with!
I was once asked to look into our Telecom spend and supplier contracts to find business cost savings.
I was completely blind. I had no idea what we were spending. Our suppliers were telling me they can offer me various savings or improve our contract value.
I had no idea how that applied to different cost scenarios. We searched for a digital procurement software provider who could help us with in-depth spending analysis, improve our audit trail process and uncover cost reduction recommendations. We chose Thinking Machine Systems as our solution.