Procure IT, the AI-driven IT procurement and management company, has officially announced the launch of its AI-driven IT Procurement Platform.
According to certain reports, the stated platform comes bearing an ability to help Procure partners access cutting-edge tools for the purpose of delivering IT sourcing, management and cost optimization to their business clients. Markedly enough, this they can do through a “single pane of glass” which centralizes visibility and decision-making.
More on the same would reveal how Procure IT’s platform is designed for use by technology advisors/agents, managed service providers (MSPs), value-added resellers (VARs), independent software vendors (ISVs) and IT consultants. Apart from that, the solution may also serve the needs of venture capital (VC) and private equity (PE) firms, as it can optimize tech environments for their portfolio companies.
Packing together a whole suite of AI tools, the Procure IT Platform can deliver at your disposal, for starters, a comprehensive IT DataPack report, which can seamlessly audit a client’s IT environment to provide a quantitative and qualitative assessment of capabilities and gaps. Next up, we must dig into the platform’s Cloud FinOps capabilities that can enable you to maximize the business value of cloud-based solutions by providing visibility into usage, rightsizing resources, as through steadfast cost control.
Not just that Cloud FinOps, the solution in question is also well-equipped when it comes to SaaS FinOps. These SaaS FinOps, on their part, can tread up a long distance when the agenda is to optimize spend on SaaS applications through identification and elimination of unnecessary SaaS subscriptions, negotiation of better pricing terms, and adoption of a more agile resource utilization mechanism.
Moving on to the solution’s Technology Expense Management (TEM) facility, it basically allows you to streamline invoice processing, ensure vendor accountability, and generate cost savings, thus paving the way for a fine-tuned tech spend.
“Procure IT’s AI-driven platform represents a major leap forward for the IT partner community,” said Randy Jeter, CEO of Procure IT. “For the first time, partners can offer CIOs and CFOs an end-to-end IT procurement solution that not only streamlines technology sourcing but helps them turn technology into a competitive advantage. By optimizing IT spend, performance and risk, partners can demonstrate real value from day one.”
As for what sort of benefits Procure’s partners can expect from these technologies, we begin from the prospect of enhancing customer experience, a prospect where the platform breaks down silos, and at the same time, integrates IT procurement, performance and expense management. By doing so, it allows users to offer seamless and holistic solutions to their clients.
Another benefit would be the chance to conceive new revenue streams. You see, leveraging built-in tools like cloud cost management, SaaS optimization and TEM, partners can offer services that drive new business and upsell opportunities.
Rounding up highlights is the potential for delivering proof of value. Here, Procure IT enables partners to showcase proof of value and relay the immediate impact of its platform on cost savings and operational efficiencies.
Founded in 2023, Procure IT’s rise up the ranks stems from simplifying IT sourcing and expense, performance and risk management for businesses of all sizes – from small and medium businesses (SMBs) to global enterprises. At present, the company leverages its relationships with more than 350 IT suppliers. Beyond that, Procure IT’s case is also aided by the fact that it currently advises more than 3,000 businesses nationwide, speeding up sourcing for them by 5X and reducing spending by almost 25 percent.
Solidifying the IT Grounds to Make Technology a Definite Competitive Advantage
