article thumbnail

IT Companies in Quandry as Clients Turn against COLA | In the News

Everest Group

With over $35 billion in software managed services contract value due for renewal in 2 years, IT firms may sweat over cost-of-living-adjustment clause. Prateek Gupta , Practice Director, Everest Group, says there was a decline in contracts with the COLA clause between 2018 and 2020 because of buyers’ pressure back then.

article thumbnail

Four Steps to Transformation: Overcoming Buyers’ Achilles Heel in IT and BPO Deals | Blog

Everest Group

It is no secret that when buyers evaluate proposals for IT and BPO work in a managed services model, they consider various criteria such as provider capabilities, cultural alignment, pricing, etc. Example 2 : A leading BPO service provider was in the middle of its managed BPO services contract with a large UK-based client.

BPO 130
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Integrating AI into Asset Performance Management: It’s all about the data

IBM Services

Imagine a future where artificial intelligence (AI) seamlessly collaborates with existing supply chain solutions, redefining how organizations manage their assets. Let’s look at some of those challenges to generative AI for asset performance management. Undoubtedly. But what if you could optimize even further?

article thumbnail

Embracing Strategic Business Outcomes in Digital CX: A New Benchmark for Success in CXM Service Delivery | Blog

Everest Group

The paradigm shifts toward delivering meaningful and tangible outcomes go beyond the conventional and transactional metrics that have historically dominated the Customer Experience Management (CXM) industry. Moreover, limited information to establish the baseline metric or outcome might pose a challenge.

Service 147
article thumbnail

Benefits And Risks in Outsourcing F&A Services

Premier BPO

Outsourcing Financial services is the process of moving certain Finance & Accounting functions within an organization to a specialized third-party vendor. Effective money management decides the success or failure of any business, particularly one looking to expand. that are often overlooked when managing an internal team.

article thumbnail

What Is Contract Management Software And Why Is It Important?

Obobo

In today’s business world, contract management software is becoming more important than ever for businesses of all sizes due to the complexity of managing contracts. With automated processes in place, businesses can reduce the amount of manual effort required to manage contracts and maximize efficiency.

article thumbnail

The Best Benefits of Contract Management Systems

Obobo

Contract management systems (CMS) have come a long way in the past few years. Gone are the days when contract management was seen as a costly add-on to businesses that didn’t have a need for it. Today, contract management systems are becoming more and more popular, and there are a number of good reasons for this.