Vendor Consolidation Trends and Challenges

Vendor Consolidation Trends and Challenges

Vendor consolidation is becoming more prevalent post COVID. Companies had to make some adjustments to survive the challenges COVID presented, and vendor consolidation was one process many enterprise companies adopted. The good news is that it is still a large part of the enterprise approach to cost savings and process improvements. According to the recent AOTMP article, Vendor Consolidation Trends—Benefits and Challenges, if done right, it can provide significant value.

The article highlights the following:

What are the benefits of vendor consolidation?

  • Enterprise-grade agreements
  • Volume discounts
  • Dedicated support, sales, and solutions team and someone to call directly
  • Consolidated invoices
  • Less contracts to manage for renewals
  • Early Termination Fee offsets
  • Streamline approach for delivering solutions for the business
  • Better partnership
  • More insights into trends and roadmaps

What are some challenges of vendor consolidation?

  • Geographical limitations. One vendor may not be able to deliver services to every place your business operates.
  • Time, resources, and project management required to make those changes within the enterprise.
  • Installation and one-time charges incurred when consolidating services may be a factor depending on what is required to swap services.

Trinitas has solutions to guide your team through the decision-making process when it comes to if and where to consolidate, implementing a process and activating vendor support to achieve your goals.

Recently, Trinitas partnered with a large insurance company. We helped the company identify which areas to target, then worked through the consolidation process, and finally implemented the service. The company went with our Enterprise Anywhere platform. As a result, they saved over $1,000,000 in hard costs while freeing up countless workday hours for their employees.

If you’re considering consolidating your business, contact Trinitas today. We can help you navigate the process and identify key areas of focus.

Vendor Consolidation Trends and Challenges

Gartner 2022 Tech Trends

Gartner 2022 Tech Trends

Gartner recently released its 2022 Top Strategic Technology Trends. In our review of the article, we identified the three strategic technology trends we feel you should focus on.

  • Data Fabric – Gartner defines data fabric as a design concept that serves as an integrated layer (fabric) of data connecting processes. It utilizes continuous analytics over existing, discoverable, and inferenced metadata assets to support the design, deployment, and utilization of integrated and reusable data across all environments, including hybrid and multi-cloud platforms. Data fabric leverages both human and machine capabilities to access data in place or support its consolidation where appropriate. It continuously identifies and connects data from disparate applications to discover unique, business-relevant relationships between the available data points.

    For example, a supply chain leader using data fabric can add newly encountered assets to known relationships between supplier delays and production delays more rapidly and improve decisions with new data. Trinitas’ multilayered data access combined with an unwavering commitment to client satisfaction ensures our clients enjoy an impactful, elevated data fabric experience.

  • Distributed Enterprises – According to Gartner, “Distributed enterprises reflect a digital-first, remote-first business model to improve employee experiences, digitalize consumer and partner touchpoints, and build out product experiences. Distributed enterprises better serve the needs of remote employees and consumers, who are fueling demand for virtual services and hybrid workplaces.” At Trinitas, we were ahead of the curve on this strategy, implementing our Enterprise Anywhere platform. Trinitas Enterprise Anywhere helps companies accomplish distributed enterprises and more.
  • Total Experience – “Total experience is a business strategy that integrates employee experience, customer experience, user experience across multiple touchpoints to accelerate growth.” Trinitas offers a fierce commitment to our clients’ business strategies. As a company, we embody total experience at every level, from happy employees to satisfied clients.

If you’re interested in integrating these important strategic technology trends into your company’s core competencies, contact Trinitas today. We’re happy to provide a free consultation about how our multi-tiered, world-class telecom services can help.

Learn more about Trinitas’ services and how they can bring efficiencies and cost savings to your business.

Sign up for a FREE assessment below or call 512-949-3680 to speak with a consultant.

 

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Technology Life Cycle Management—A Four-Dimensional Approach

Technology Life Cycle Management—A Four-Dimensional Approach

Technology Life Cycle Management—A Four-Dimensional Approach

Credit: AOTMP Insights, Sept. 2020

Technology conversion and updating projects are at the forefront of the minds of telecom, mobility and IT management professionals. They want to push for positive change in their organizations, whether it’s reducing technological risk from aging infrastructure or optimizing business results through customer engagement. In short, there are a variety of opportunities for growth.

Life cycle management during and after change events, such as the massive one we’re currently facing in the new COVID-19 landscape, frequently lack the same level of pre-planning attention and new technologies. Lack of life cycle planning effectively sets business risk landmines that can unravel the gains made with new technology.

Through this lens, let’s look at four influencing groups:
  1. Technical – Technical teams design communication networks and systems that enable humans to communicate with electronics.
  2. Financial – Financial teams evaluate and manage electronic and telecommunications costs.
  3. Operational – Operations teams oversee and push forward business processes that support users and electronics/telecom.
  4. Business – Business teams establish requirements and identify opportunities to leverage technology to drive optimal business results.

Across these four influence groups—Technical, Financial, Operational, and Business—it is common that only one or two will focus on life cycle management practices as opposed to incorporating life cycle management into each group equally. The result is a disjointed effort in which each group operates individually of the others.

At Trinitas, we guide companies in establishing a cohesive life cycle management approach across all four categories and highlighting the influence each group can have on the others. This creates a balanced approach with fewer life cycle gaps.

As the Telecom Manager of a large insurance company recently put it, “Trinitas has helped us gain insights into our life cycle management that we did not know. They helped us implement results-oriented strategies that have positively impacted our company.”

Trinitas can help you create the balanced approach to life cycle management, one that will drive greater efficiency, significantly lower costs and create positive results. It’s an incredibly important time to maximize your company’s technological capabilities, ensuring you are ahead of the curve, and not struggling to keep up with it.

Learn more about Trinitas’ services and how they can bring efficiencies and cost savings to your business.

Sign up for a FREE assessment below or call 512-949-3680 to speak with a consultant.

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Simplification isn’t simple, but it’s our specialty.

Contact us now and we’ll prove it.

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