Enterprise Solutions

INSIGHT's world-class contract and spend management solution delivers quantifiable results.

Telecom is the third-largest expense item for most big companies. With various carriers providing networked IT services, companies receive thousands of bills every month from multiple vendors. To process a single invoice, analysts must review each bill and audit it against contract terms, tariff and service guidelines, tax charges and physical telecom inventories.

It is estimated that up to 14 percent of billed charges are incorrect. Even if you identify a discrepancy, resolving a simple billing error can take months. And complex billing errors take even longer.

On the IT side, the failure to integrate usage and inventory data to manage software assets results in overbuying licenses for an estimated 60 percent of a company's portfolio and a 30 percent rate of noncompliant software.

INSIGHT can help.

Our contract and spend management solution goes straight to the root — the vendor contract. Insight populates a centralized data bank with digitized information meticulously collected from your vendor contracts, invoices and service level agreements.

High-volume, multivendor information is translated into a common language that all business units can understand. This information is then processed through a proprietary rules-based engine that enables INSIGHT to automatically quantify, reconcile, track and manage transactions to the vendor contract.

The result? Multimillion-dollar cost savings through decreased waste, increased productivity, automated processes and cost accountability.

Enterprise benefits:

• Ability to manage and optimize all enterprise contracts
• Regular distribution of actionable intelligence and reports
• Reconciliation of service level agreements and invoices — regardless of complexity
• Enhanced operational and regulatory compliance
• Consolidated, enterprise-wide inventory management
• Service optimization

Why INSIGHT?

Developed by world-class data management software engineers, the INSIGHT solution has been successfully deployed by industry leaders in telecommunications and banking. Modular and scalable, the INSIGHT solution is built around proven process methodologies and ITIL, the world's best practice framework for IT service management.