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Disrupting Disruptive Behavior

Introduction: Doing the same things and expecting a different outcome is the definition of insanity, at least according to Albert Einstein. Engaging with suppliers in 2023 requires a different approach otherwise, you can expect price increases by 20% or more on your annual renewals. The Rise of an Anti-Customer Profiteering: Historically, technology suppliers would at least try to align with their customers for mutual long-term benefit. In 2023, at the very time that their customers are in desperate need of relief on costs, technology suppliers have departed from their long term aligned stance. Instead, suppliers are forcing substantial ...

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Top 5 Ways to Save on Oracle Now (FYE May)

Ahh, May. The month itself is named after Maia, the Greek goddess of Spring - and it's easy to see why. In the emerald month of May, life begins anew as the grass turns green, new leaves come out on the trees, and flowers bloom. It is the season of hope, optimism, and renewal. Oops, did I just say renewal? Oh, that's right, May is also Oracle's fiscal year-end, and the busiest month of the year for your beloved Oracle reps as they scramble to sell new business and process your most recent hostage invoices (otherwise known as your annual maintenance service & support renewals). Instead of enjoying the greening of the great outdoors, many ...

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Act Now: Okta Fiscal Year End is January 2023

Your Virtual Bouncer, Now Larger and Stronger and (Soon) Profitable But how secure is Okta, really? From 2021 to 2022 Okta grew from $835 million to $1.3 billion in top line revenue, a 55.63% increase, indicating strong market acceptance. However, the company is still losing money, and losses accelerated by 218.55% in 2022 to -$848M. If you need security from the occasional undesirable intruder in your enterprise and need to convey strength in the way you control access to the information you hold most dear by restricting access to unwelcomed guests and bouncing them from your cloud, you may very well need to learn more about Okta. However, ...

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Calling all Mid-Market Organizations Challenged with Reducing IT Spend, Learn How to Save on IT Like the F500 Do.

With recent announcements from Microsoft, Oracle, Amazon, Coinbase, Twitter, and Meta (among others) indicating that there would be cuts to staffing in the coming weeks and months, it’s clear that the recession is in full force. As outlined in my previous blog, we discouraged organizations from making drastic changes to the muscle (the workforce) and bone (the facilities) of their organizations. Yet, many of the big-tech powerhouses (like the ones mentioned above) have been announcing job cuts to curb recessionary pressures. Cutting costs and managing value through downturns can be a far tougher challenge for SME’s than their large ...

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Oracle's War on Rimini Street and What it Means for You

No question Oracle is one of the most dominant and financially successful tech companies in the world. In fact, almost everyone reading this probably directly or indirectly owns a small part of Oracle in their investment portfolio. However, through sales practices, audit actions, acquisitions and never-ending lawsuits, Oracle seems to be relying increasingly on legal tactics and maneuvers to shut down competition and show growth to Wall Street, rather than be a disruptive innovator. Some would say that Oracle’s core competency now is litigation, not innovation. Ongoing War with Rimini Street We have long advocated for seeking alternatives in ...

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5 Q4 Sales Strategies Technology Suppliers Use Against You - Updated!

‘The Most Wonderful Time of the Year’ is a popular holiday song and was written by Edward Pola and George Wyle in 1963. It was popularized in North America by singer Andy Williams that same year on his television show by the same name. However, we didn’t have to do much research to learn that the inspiration for that song had nothing to do with the 4th quarter for most business leaders and their respective companies. Anecdotally, we believe most business leaders might say it’s the most *stressful* time of the year, especially for publicly traded companies – most of whom have their fiscal year end aligned with the calendar year end of ...

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Like a Bad Hangover, Did You Wake Up in 2022 Budgeting Season and Wonder Where Your Money was Spent?

Like a party no one wanted to go to, the COVID pandemic dragged many IT Executives into (over) spending on technology that was not planned for. In the frenetic pace to ‘keep the lights on’, expenditures were made without the scrutiny they may have normally received pre-COVID. Supporting all the work from anywhere (WFA) initiatives including conferencing, PCs, and remote access software and hardware were all added to the mission critical initiatives already underway, like digital transformation and cloud migrations siphoning money away from those other priorities. As you start planning for your 2022 budgets, you may just now be realizing and ...

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Hidden Costs in Your Technology Agreements: Beware the 'I' Word

Inflation impacts the cost of nearly all your supplier agreements. Look closely at your IT agreements (especially your Cloud agreements). Even though the cost of technology goes down over time, and technology advancements make processes less manual, less error prone, less expensive, and more automated, many of your agreements still have antiquated clauses allowing your suppliers to *increase* your costs on an annual basis by an amount equal to the Consumer Price Index (CPI) amount, and generally include an accelerator above that amount; something like CPI + 3%, which would provide a contractual right of your supplier to increase your costs ...

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Supplier Profits and 5 Year End Sales Tactics They Use Against You

The end of year mania is underway as sales professionals from some of the largest tech companies on the planet try to capture and fill their Q4 quota. When such a substantial portion of a sales rep’s income rests on their ability to separate company dollars from your budget, it’s no wonder we often witness such unbridled aggression this time of year. It can be personally traumatic for salespeople as they sit in their weekly (sometimes daily) sales meetings with their respective teams, while management tears apart their sales opportunities and deals often in front of their peers with questions like: What is the status of deal x/update on ...

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Look that Gift Horse in the Mouth

Things are moving fast in these challenging times as both individuals and companies struggle to keep up with changing demands and plan for an uncertain financial future. In response, we are already starting to see many clients (a) put most major technology spending projects on hold and (b) look closely at supplier contracts (almost none of which contemplate a reality such as the one we are facing today). As a result of a confluence of these and other factors, we are seeing an unprecedented level of activity in renegotiating technology supplier contracts, including but not limited to: The force majeure clause in most agreements Government ...

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