"Do you control your budget or does the budget control you?"
Effective control of IT expenditure, one of the largest cost blocks, is essential to maintain a company's competitiveness and profitability. Spend Management is a holistic, strategic approach of the TIMETOACT GROUP in corporate management, which aims to make your IT expenses transparent based on AI, to derive cost optimizations and to keep them under control in the long term.
This enables companies to use their resources more efficiently, reduce unnecessary costs and free up budget for innovation.
Our purchasing and finance experts have extensive experience in analyzing and evaluating IT costs. We are therefore able to use tools to evaluate your supplier relationships and contracts, particularly from an efficiency perspective, and provide you with tailored recommendations for optimizing your contracts.
We also offer all of this as a managed service from a single source so that you can concentrate on your operational business.
Manage your compliance, identify ticking time bombs and save with FinOpsa
Contracts in the business world are complex. This applies all the more to contracts in IT, where, in addition to performance parameters, service levels and rights of use, extensive obligations to cooperate are sometimes laid down on several hundred pages. Recognizing the essentials here and ensuring compliance with contractual agreements presents many companies with considerable challenges. Do you know what you have agreed to when using a particular piece of software?
We are very familiar with the contracts of most well-known software and hardware manufacturers and IT service providers. With this knowledge, we can support you in efficiently fulfilling your contractual obligations and identifying risks arising from contractual non-compliance. Furthermore, our FinOps experts can help you save on cloud costs. As sustainability is becoming increasingly important in IT, we also have extensive expertise in this area and can help you meet regulatory and internal requirements.
Avoid dependencies and uncontrolled expenditure!
Today, the decision to make or buy is often answered with "buy". An IT service is purchased externally and internal resources and competencies are ignored. What is needed here is more transparency regarding the company's own capabilities and the IT services already in place.
The selection of the right suppliers and service providers also plays an important role in the procurement of hardware, software and IT services on the market. Every wrong decision can cost a lot of money, increase compliance risks, and also lead to dependencies in the supply chain that massively restrict your company's room for maneuver.
With a clear sourcing strategy, you define who is to procure or provide what and how. Without a sourcing strategy, you encourage unauthorized procurement outside standardized purchasing processes (so-called maverick buying) and thus increase the risk not only of higher costs, but also of shadow IT, non-compliance and even data protection violations
We put your ITAM & FinOps processes through their paces. Using a maturity model developed by us, we evaluate the status of the implementation of measures from your sourcing strategy, review findings from your spend management and compare both with the targets achieved to date for your license and cloud budget.
In our Discovery Workshop to create spending transparency, we work with you to identify and analyze the most important cost streams in your company. With an AI-based breakdown of all cost streams, you receive a detailed overview of your expenditure so that you can make informed decisions. Based on these findings, we create an action plan for cost savings that identifies specific savings potential.
Our KPI-driven contract and vendor management tool enables you to efficiently manage and continuously optimize contracts and supplier relationships. We also offer all these services as a managed service so that you can concentrate on your core business while we take care of cost control and optimization for you.
Our experts will provide you with advice and support and contribute their experience from numerous customer projects. We know the contracts with IT service providers and, based on our good practices, we know where there is room for maneuver and what budget is appropriate.
As part of our large partner program, we work closely with many service providers and can directly influence the contracts. Nevertheless, we are not deadlocked, but always find the right service provider outside our partner program.
We would be happy to advise you on your strategy in spend management, ITAM / SAM & FinOps in a non-binding meeting. Simply leave your contact details and we will get back to you as soon as possible.
