CIO’s are typically asked to do more with less. Funding for new projects is constrained by monies already committed to supporting and maintaining past technology purchases. Left with no objective criteria to accurately determine what their hardware, software and services should truly cost at any given point in time, IT organizations have no tangible way to validate their spend or recover money that has already been spent.
VPS’s clients benefit from reduced spend on their technology purchases and cost recovery for money that has already been spent. VPS leverages its proprietary analytics and processes to ensure that their customers avoid spending any more money that they should be and make the most of their limited technology budgets. VPS accomplishes these outcomes while maintaining or improving all existing vendor relationships.
To help reduce our clients’ technology spend, VPS built a predictive analytic tool – the Virtual Vendor Index (VVI™) – that measures the fully burdened cost for most of the pieces and parts that make up a data center throughout distribution. VVI is continually updated to reflect the everchanging technology pricing, as are VPS’s proprietary processes for achieving all available savings. VPS’s success is grounded in VVI’s visibility into the actual cost of the technology being purchased, along with our keen insight on how best to successfully achieve that outcome for our clients.
VPS has successfully saved millions of dollars for our clients by reducing technology spend on net/new acquisitions after they had negotiated “best and final” proposals with their vendors. This cost reduction has been used to help fund their other and future initiatives. As with VPS’s spend recovery services, cost reduction is accomplished by leveraging our proprietary analytics (VVI™) and processes, while maintaining or improving all existing vendor relationships.
VPS has successfully recovered millions of dollars for our clients that they had already spent on previous technology purchases, typically on transactions made at least 18 months prior. This spend recovery has been used to help fund their current and future initiatives. As with VPS’s cost reduction services, cost recovery is accomplished by leveraging our proprietary analytics (VVI™) and processes, while maintaining or improving all existing vendor relationships.
These are truly unprecedented times. As a result, VPS has been providing vendor continuity support, free of charge, to clients whose operations have been temporarily suspended due to the spread of the COVID-19 virus.
At this time, we are extending support services to ALL interested customers, at no charge, until your organizations are back up and running. Because VPS remains fully operational, we will be available to help maintain communications with those vendors with whom you have upcoming contractual obligations. Our role will be to extend those renewal deadlines, wherever we can, until your properties come back online. We also will aim to “stop the clock” with certain vendors to preserve the unused portion of those contracts.
VPS has previously navigated many of these same challenges for our clients during past service disruptions. We understand the importance of maintaining good vendor relationships throughout this difficult time and in transitioning back to business as usual.
If you believe our vendor continuity services would be helpful to your organization, please email John Torres at email@example.com or call us at (203) 202–3523.