Sourcing Strategy, Spend Management & Compliance

Create scope for digital innovation!

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Spend Management

Transparent IT spending creates space for innovation.

ITAM / SAM & FinOps

Clear contracts and efficient costs ensure sustainable IT structures.

Value Added Reselling

Independent procurement strengthens control and reduces risks.

Spend Management

“Are you in control of your budget, or is your budget in control of you?”

Effective control of IT spending, one of the largest cost centers, is essential for maintaining a company's competitiveness and profitability. Spend management is a holistic, strategic approach to corporate management developed by the TIMETOACT GROUP that aims to make your IT spending transparent using AI, derive cost optimizations, and keep costs under control in the long term.

This enables companies to use their resources more efficiently, reduce unnecessary costs, and free up budget for innovation.

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Analysis by experts

Our experts from Purchasing and Finance have extensive experience in analyzing and evaluating IT costs.

Tailored recommendations

This enables us to evaluate your supplier relationships and contracts using tools, particularly from an efficiency perspective, and provide you with tailored recommendations for optimizing your contracts.

Managed Services

We also offer all of this as a managed service from a single source, allowing you to concentrate on your operational business.

ITAM / SAM & FinOps

Manage your compliance, identify ticking time bombs, and save money with FinOps

Contracts in the business world are complex. This is especially true for contracts in IT, where, in addition to performance parameters, service levels, and usage rights, extensive obligations to cooperate are sometimes set out in several hundred pages. Identifying the essentials and ensuring compliance with contractual agreements poses considerable challenges for many companies. Do you know what you have agreed to when using certain software?

expertise

We are very familiar with the contracts of most well-known software and hardware manufacturers and IT service providers.

compliance

With this knowledge, we support you in efficiently fulfilling your contractual obligations and identifying risks arising from contractual non-compliance.

cost optimization

Our FinOps experts on saving cloud costs.

sustainability

Sustainability is a high priority in IT. We also have extensive expertise in this area and provide support in meeting regulatory and internal requirements.

Value Added Reselling

Avoid dependencies and uncontrolled spending

Today, the make-or-buy decision is often answered with “buy.” Companies purchase IT services externally and ignore internal resources and expertise. What is needed here is greater transparency regarding the company's own performance and the IT services already in place.

When procuring hardware, software, and IT services on the market, choosing the right suppliers and service providers also plays an important role. Every wrong decision can cost a lot of money, increase compliance risks, and also lead to dependencies in the supply chain that massively restrict your company's room for maneuver.

sourcing strategy

With a clear sourcing strategy, you define bindingly who is to procure or provide what, and how.

risk minimization

Without a sourcing strategy, you encourage unauthorized purchases outside of standardized purchasing processes (known as maverick buying), thereby increasing not only the risk of higher costs, but also of shadow IT, non-compliance, and even data protection violations.

Our strategic consulting services

For your donation management, ITAM/SAM, and FinOps

ITAM & FinOps

Assessment: ITAM & FinOps – Risk assessment and maturity analysis

Our joint approach:

We thoroughly examine your ITAM & FinOps processes. Using a maturity model developed by us, we evaluate the status of implementation of measures from your sourcing strategy, review findings from your spend management, and compare both with the targets achieved so far for your license and cloud budget.

Your benefits:

Objective ITAM & FinOps maturity assessment at the levels of governance, competencies, processes, and technologies with specific recommendations for action to address identified deficiencies
Assessment of financial risk due to missing or inefficient processes, unclear roles and responsibilities, or unsuitable tools for ITAM & FinOps
Specific optimization proposals for your ITAM & FinOps

Spend Management

Discovery Workshop: Spend Management

Our joint approach:

In our Discovery Workshop on creating expenditure transparency, we work with you to identify and analyze the most important cost streams in your company. An AI-based list of all cost streams gives you a detailed overview of your expenses, enabling you to make informed decisions. Based on these findings, we draw up an action plan for cost savings that highlights specific savings potential.

Our KPI-driven contract and vendor management tool enables you to efficiently manage and continuously optimize contracts and supplier relationships. In addition, we also offer all these services as a managed service, so you can focus on your core business while we take care of cost control and optimization for you.

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The TIMETOACT GROUP – Your partner for ITAM / SAM & FinOps

Together, we will develop a tailor-made strategy for you.

We look forward to working with you to develop an optimal strategy that will enable you to select the right service providers (sourcing), keep costs under control (spend management), and ensure manufacturer compliance.

consulting

Our experts are on hand to offer advice and support, drawing on their experience from numerous customer projects. We are familiar with contracts with IT service providers and, based on our good practices, know where there is room for maneuver and what budget is appropriate.

partnerships

As part of our extensive partner program, we work closely with many service providers and can directly influence contracts. Nevertheless, we are not stuck in our ways, but always find the right service provider outside of our partner program.

What our customers say about us

The ITAM experts at TIMETOACT GROUP supported us throughout the entire development process of our ITAM system with best practice consulting, from conception to implementation. With their extensive network and wealth of experience, they were always a valuable partner for us in all matters, even those that went beyond ITAM.

Patrick Milas Software License Manager HDI IT

IASP has definitely been worthwhile for us! I have already participated in two IBM audits in the past, and the effort required for the program is significantly lower. We also benefit greatly from our collaboration with TIMETOACT: we have a highly competent and reliable contact person who provides us with expert support in IBM license management.

Jürgen Frank IT, finance, and license management N-ERGIE

Create room for maneuver now: Contact us here!

We would be happy to advise you on your spend management, ITAM/SAM, and FinOps strategy in a non-binding consultation. Simply leave your contact details and we will get back to you as soon as possible.

Thomas Fürniss

Director Spend Management TIMETOACT GROUP

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Our Strategy Domains: Comprehensive consulting for your digital strategy

In addition to ITAM/SAM and FinOps, we and our Strategy Fellows support you in these other strategischen Domänen:

Kompetenz

Artificial Intelligence & Data Strategy

Jedes Unternehmen erfasst und verwaltet Unmengen an Daten, z. B. aus Produktionsprozessen oder Geschäftstransaktionen.

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Technology Adoption & Integration

IT ist die treibende Kraft hinter der digitalen Transformation.

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Change, Collaboration & Leadership

In Sachen Change, Collaboration & Leadership geht es uns nicht um das Erreichen von Utopien, sondern um wirkliche, nachhaltige Veränderung, die Ihr Business genauso voranbringt wie Ihre Mitarbeitenden

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Kompetenz

Governance & Operational Excellence

Die Digitalisierung führt unausweichlich dazu, dass sich Geschäftsprozesse ändern und Rollen und Verantwortlichkeiten neu verteilt werden.

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Kompetenz

Sourcing Strategy, Spend Management & Compliance

Trotz immer leistungsfähigerer IT steigen die IT-Kosten gemessen am Umsatz / an EBITDA stetig an.

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Leuchtende 3D-Datenlandschaft – visualisiert Big Data und digitale Vernetzung.

The Strategy Fellows of the TIMETOACT GROUP

Our Strategy Fellows advise you on business innovation and digital transformation with expertise, vision and practical project experience.

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Kompetenz

Technology Adoption & Integration

Fully exploit the potential of your IT ► Together we will develop a targeted strategy and provide you with holistic support

Service

Spend Management Consulting

Our team of spend management experts can help you analyze, optimize and control your IT spend.

Kompetenz 18.07.23

Executable Strategy

Support your business goals in the best possible way ►Digital strategy & IT strategy ✅ We will be happy to advise you.

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Strategy Fellows

Our strategy consultants combine experience from hundreds of successfully implemented projects with methodology to achieve measurable results.

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Strategy Domains

Elements that should not be missing from your digital strategy & IT strategy! We provide guidance, priorities, and a solid foundation for your IT and digital strategy.

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