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How to Manage Your Cloud Cost Investment: CapEx vs OpEx

Amzur

Modern businesses are opting for a consumption-based model where you pay for cloud services you use. In the cloud model, this translates to Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), and Software-as-a-Service (SaaS).

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3 Ways Sourcing Professionals Can Proactively Address Risk

Sarah Holliman

A supplier information management portal, for example, can be a “ central source of truth ” for third party relationships and provide all stakeholders with critical information. Kearney consulting primarily to financial services companies on topics that ranged from strategic planning to procurement cost reduction to back-office operations.

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50+ RPA use cases

Hyland

For example, notes a Frost & Sullivan whitepaper , “A routine regulatory audit may require large volumes of data to be pulled, categorized, summarized and reported. To conduct this through a manual process may take hours or days, and the potential for human error puts an organization at risk for regulatory compliance infractions.

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Cloud Migration Role in Digital Transformation: The Strategic Roadmap

Amzur

Example: A financial services firm can set a goal to reduce IT operational costs by 25% within the first year post-migration and establish KPIs to measure cost savings, system uptime, and user satisfaction. Risk Management Objective: Identify potential risks and develop mitigation strategies.

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This Month at SIG – August 2021

SIG Speaks

As demand continues to rock supply chains, we prepare for the future of procurement and risk mitigation with a host of exciting resources, industry research and webinars to elevate you in your role. August Microlearning by SIG University: Contracting and A Holistic Approach to Risk Management. register now. . learn more. .

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How Platform Modernization Can Boost Claims Processing Speed by 95%

3Pillar Global

Inefficiencies may increase risk of non-compliance with HIPAA, MU, data privacy & security standards, and interoperability requirements, leading to potential fines, penalties, and legal challenges. Missed charges, undercoding, or failure to capture all services provided can all lead to lost revenue. Revenue leakage.

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This Month at SIG – September 2021

SIG Speaks

In fact, most companies struggle with ensuring that their risk management processes aren’t perceived internally as a roadblock, slowing down procurement and innovation. This whitepaper provides an overview of procurement challenges and presents an opportunity for today’s most ambitious teams to get ahead with smarter tools.