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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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Top 3 IT Supplier Market Messages for 2023

This will be a tough year for many in the IT industry as companies are challenged on many fronts. However, for those with the fortitude and the right partners - it can also be a transformational year for forward thinking strategic companies. Our Top 3 Market Messages for 2023: 1. Clients are Clamoring for Savings in 2023. What we know - this has largely been brought on by several factors. First, since 2020, with few exceptions, clients have largely been suffering from... rising input costs, and softening business forecasts and the economic outlook for 2023 is dire at worst, and gloomy at best. This is causing many clients to re-evaluate ...

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Calling All Budget Heroes: Seven Strategic Supplier Strategies for Year End

As we've been saying for months, post (hopefully) pandemic Market Conditions are ripe for you to act in driving business value into your company. If you've ever dreamed of being the budget hero, this is it. With the tumult in the supplier marketplace around M&As, shifts of products to the cloud, small company disruptions, the supplier competition has never been as robust. Once you digest the list below and want more, we're happy to talk. There's nothing we like better than chatting about how to get more value from technology suppliers - especially now. Big Software SAP Nearly 100% of SAP deals come due in December. This is driven by ...

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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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Financial Services Series: Four Ways to Find Savings and Reduce Opex Now

The IT landscape in Financial Services is changing rapidly. Regardless if they want to be industry leaders, fast followers of reactors, the ever-spreading cost base for Financial Services Companies leaves less budget available for capital investments in new technology, driving a vicious cycle of increased operating cost. In the drive to enact transformational change, Financial Services Companies should seek out the benefit from low hanging fruit to reduce current Opex. According to a PwC Global FinTech survey, 81% of CEOs are concerned about the speed of technology change, which is more than any other industry sector. Thousands of startups ...

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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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Microsoft: COVID-19 Indifference, New Pricing, and Great News (for Microsoft)

The initial outreach and helping hand that many IT suppliers gave at the onset of the pandemic has already faded. Most offers were not only insufficient to have a real impact, but instead locked companies into less favorable deals long-term in exchange for that short-term assistance. We recently wrote another article on this called ‘Look That Gift Horse in the Mouth’. Microsoft has thus far, in our opinion, followed this same path. Despite COVID-19 issues, Microsoft thus far is holding firm on pricing for its Office365 Enterprise Agreement renewals. Further, we see them in many cases offering ‘list price’ and no discounts at all. Breaking ...

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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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Managing IT Spend in a Global Pandemic: Strained Capacity and Reflexive Buying

Unlike consumers who have been panic-buying bathroom paper products in bulk over the last few weeks, IT executives have prepared for security threats and natural disasters for many years and have deployed highly resilient solutions with varying degrees of business continuity. Clients have spent millions for things like network redundancy, contact center contingency planning, remote workforce support, and business application and underlying compute and storage infrastructure availability. The list could go on. In fact, there is a whole industry set up to help IT leaders face this business continuity challenge. What many of those plans fell ...

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