US based Marketplace Assestment Team of a Global Software Giant recognized Teckost.com

US based Marketplace Assestment Team of a Global Software Giant recognized Teckost.com as one of the Most Valuable IT Sourcing, Spending and Cost Discovery Software for end customers and consulting firms

PRINCETON, N.J. - May 4, 2019 - illiNews -- Teckost launches On-demand IT Sourcing or Procurement as a Service , one of the highly discussed topics in the IT Industry today. The massive transformation that has taken place in the IT industry last 5 years puts CIO and Procurement Organizations in a tight spot. Most CFOs believe that their IT and Procurement teams possess little or no capability to procure right technologies / products at right prices so that the organisation could maximize the use of current and future digital technologies.

A surprising and somewhat worrying finding from the global procurement survey(done by a BIG Four) is that 65% of procurement leaders have limited or no visibility beyond their Tier 1 suppliers and this leads to major implications on Cost optimization and reduction.

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The other expectations from Procurement offices are improved transparency of pricing, supplier locations & critical dependencies which gets addressed by Teckost's IT Cost Discovery Module, launched earlier and its being used by 21000 plus global subscribers. This module helps CIO and procurement Organizations deliver greater value but the biggest challenge is lack of expertise in procurement organisations to effectively handle this techno-commercial function. Hence teckost.com launches on-demand IT Sourcing Services for MSME segment to overcome this challenge and also deliver better cost savings & quick TAT.

According to Industry experts, CIO's organization either should build a strong in-house vendor management team to govern their IT Spend or depend on Virtual IT Sourcing Organizations who have well established methodologies and processes for better performance.

https://www.teckost.com