SUCCESS STORY: Government Saves $230,000 on Maintenance Renewal Using Vendor Intelligence

Posted on July 17, 2019July 17, 2019 by spendmanagementllc_d44sna

SMF Advisors, a leading provider of Vendor Intelligence and pricing data for the Public Sector, announced today saved the Department of Human Services in a midwestern state saved over $230,000 using SMF’s unique Vendor Intelligence service to renegotiate enterprise renewal terms. “SMF is an expert in dealing with such scenarios in the public sector, and Read more about SUCCESS STORY: Government Saves $230,000 on Maintenance Renewal Using Vendor Intelligence[…]

SUCCESS STORY: Tier 2 Carrier Saves Over $420k on new Claims System

Posted on February 28, 2019 by spendmanagementllc_d44sna

(Atlanta, Georgia – February 28, 2019) SMF Advisors, a leading provider of Vendor Intelligence and pricing data to the Insurance, Healthcare & Supply Chain industries, today announced that a tier 2 US-based insurance carrier saved over $420,000 using SMF’s unique Vendor Intelligence data and methodology in purchasing a new claims administration system. “We are excited Read more about SUCCESS STORY: Tier 2 Carrier Saves Over $420k on new Claims System[…]

SUCCESS STORY: New Client Saves $730,000 on MDM Purchase Using Vendor Intelligence

Posted on June 1, 2018June 1, 2018 by spendmanagementllc_d44sna

SMF Advisors, the leading provider of Vendor Intelligence™ comparative pricing for the insurance and financial services market, announced today that they helped reduce the cost of a new Master Data Management (MDM) system by $730,000 for a west-coast based FinServ company. “Financial Services company’s use data and Master Data Management to ensure that they have Read more about SUCCESS STORY: New Client Saves $730,000 on MDM Purchase Using Vendor Intelligence[…]

PRESS RELEASE: Using SMF’s Vendor Intelligence™, Ohio-based insurer saves over $1M on new Policy Administration System

Posted on April 25, 2018June 1, 2018 by spendmanagementllc_d44sna

Using SMF’s Vendor Intelligence™, Ohio-based insurer saves over $1M on new Policy Administration System (Atlanta, Georgia – April 25, 2018) – SMF Advisors, the leading provider of Vendor Intelligence™ for the insurance industry, announced today that they reduced the cost of a new policy administration system for an Ohio-based personal and commercial lines insurance carrier by over one-million dollars. Read more about PRESS RELEASE: Using SMF’s Vendor Intelligence™, Ohio-based insurer saves over $1M on new Policy Administration System[…]

Insurance, Healthcare & Higher Ed: Is Purchasing an Entire Suite Always Sweet?

Posted on November 8, 2017November 8, 2017 by spendmanagementllc_d44sna

Whether in insurance, education, financial services, or any other industry, vendors want the BIG deal. Vendors are not inclined to be patient and earn your business module by module, project by project or year over year so they justify the transaction based on Present Value versus Future Value. The salesperson is paid a higher commission Read more about Insurance, Healthcare & Higher Ed: Is Purchasing an Entire Suite Always Sweet?[…]

Higher Education: Challenges in Technology & the Purchasing Process

Posted on October 4, 2017October 4, 2017 by spendmanagementllc_d44sna

Higher Education institutions are challenged to address a multitude of IT issues and subsequently purchase new technology to address these issues. Top on the list: Information security, student life cycle and success technologies, IT workforce, funding model’s business intelligence and analytics, enterprise application integration, along with e-learning and online education. Given the risk associated with Read more about Higher Education: Challenges in Technology & the Purchasing Process[…]

Buying Technology Should Be Like Buying Insurance – Use Data

Posted on September 22, 2017 by spendmanagementllc_d44sna

Application software – whether on premise or cloud – is priced and sold based on utility and value. Basing pricing on value enables vendors to charge a significantly higher price point than simple margin added to the cost of building the solution. Therefore, when a vendor discounts an enterprise product steeply and offers you a Read more about Buying Technology Should Be Like Buying Insurance – Use Data[…]

If the Cloud was so simple, everyone would be doing it…

Posted on June 28, 2017September 22, 2017 by spendmanagementllc_d44sna

Let’s be truthful. We have all been indoctrinated with the belief that the Cloud is simple and cheap. Spin-up an instance and pay a much cheaper annual subscription fee. While it may be true that almost everyone is doing it in some form or fashion, the fact is, the technology and licensing considerations are more Read more about If the Cloud was so simple, everyone would be doing it…[…]

Compliance Audits Are Like Ransomware

Posted on June 18, 2017June 28, 2017 by spendmanagementllc_d44sna

Ransomware is the newest form of extortion whereby a person, company or institution experiences a cyber holdup. The threat is real and it is generally brutal: pay immediately or suffer the consequences such as losing data or watching confidential information spread across the digital horizon. You did not expect to be held hostage and you Read more about Compliance Audits Are Like Ransomware[…]

Software Maintenance Fees Are Eating Your Budget – But You Can Do Something

Posted on May 14, 2017September 22, 2017 by spendmanagementllc_d44sna

Software is either the first or second largest category of IT spend. Of that total spend, fifty to sixty percent of dollars spent annually actually go toward maintenance and support. During the life cycle of enterprise applications, which average twelve to fifteen years, customers pay for the software four to five times over again without Read more about Software Maintenance Fees Are Eating Your Budget – But You Can Do Something[…]