How Business Spend Management Provides Cios With A Fast Track To Results

HOW DO YOU SET YOURSELF UP to deliver long-term transformation, without losing sight of short-term outcomes? It’s a question that CIOs around the world are now trying to answer as the need for the “quick win” grows. With many now evaluated specifically on their contribution to revenue growth , it’s not hard to see why. KPMG LLP found that businesses around the world spent as much as $15 billion per week1 on technology at the start of the pandemic. As crucial as that spend may have been, it’s now time to pay the bill—and everyone is under pressure to drive growth and find savings wherever they can.

Immediate cost reductions are therefore just as important as strategic initiatives. If you can find a way to do both, then you’ve got a win. In this environment, the transformative potential of Business Spend Management (BSM) becomes abundantly clear. This low-risk, low-cost strategy can deliver significant benefits at speed—starting in procurement, but ultimately branching out across the rest of the business, and increasingly into IT as well. In this paper, we’ll examine the BSM opportunity as well as the one-cloud delivery model and see how CIOs at some of the world’s leading companies have turned them to their advantage.

How Business Spend Management Provides Cios With A Fast Track To Results