Change is coming for IT procurement

Reducing costs in the face of aggressive, continuing inflation. Ensuring supply continuity in a time of significant instability. Relentless pressure to migrate IT to the cloud, and for digital transformation and technology modernization. 

It’s a lot. But it all has to happen, for the good of the business, particularly in the face of a pending economic downturn.

BuyerCaddy is now setting a new, unprecedented standard for IT visibility, and introducing a new category of spend analytics and benchmarking across more 3.4 million companies and more than 300,000 IT products.

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a screen from BuyerCaddy's application showing the tech spend for a given technology selected within a users stack

Amount of cloud spend wasted.

graphic showing +6 million from BuyerCaddy tech stack finance leader blog

Number of new apps added a month.

Tech stack’s are the second largest operating cost.

The BuyerCaddy IT Procurement Blueprint for Value

According to the Hackett Group, procurement organizations who have implemented digital transformation best practices like these have a 2.4x higher ROI than their procurement peers and competitors.

Step 1: Inventory & Benchmark

Accelerate the transformation of your internal procurement processes and applications with BuyerCaddy’s easy to use, visual technology inventory, highlighted points of potential integration, and easy to access best practices and benchmarking analytics relative to your peers and competitors.

BuyerCaddy's tech stack benchmarking home page
a full screen from BuyerCaddy's app showing a users tech stack insights, highlighting the suitability tab, benchmarking one stack against a cohort of peers

Step 2: Rationalize the portfolio

Put IT procurement in the driver’s seat to start the data-driven discussion with business stakeholders about optimizing IT costs, with BuyerCaddy projects like application rationalization for up to 10x ROI

Step 3: Plan for future initiatives

Provide easy, enterprise-wide access to elevate your organization’s awareness of how they compare to their industry peers and competitors, with unique and unprecedented benchmarking and analytics across current and potential future technology stacks.

two screens from BuyerCaddy's application showing the search results from the discovery engine and a selected company from that search list featuring details about their leadership, products and peer feedback

Change is coming. Be the change you want to see, today with BuyerCaddy.

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Resources

The Ideal Tech Stack

For SaaS go-to-market teams a purpose-built tech stack efficiently generates leads, boosts sales, and improves ROI.

a blog graphic titled software asset management, how to begin buying new products for your tech stack

Software Asset Management
Technology is essential to the success of any business for consistent, repeatable performance. But is a new purchase the only way to go?  

The Ideal Tech Stack

For Enterprise Sales teams building durable, scalable tech stack brings efficiency from lead to close.

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FAQs

Businesses can measure the ROI of tech stack management by tracking key performance indicators such as software development cycle time, system uptime and availability, and customer satisfaction. By monitoring these metrics, businesses can identify areas for improvement and track the impact of tech stack management on cost savings and overall business performance.

Tech stack management can lead to cost savings for businesses in several ways, such as optimizing software performance, reducing downtime and system failures, and minimizing the need for third-party services and vendor support. Effective tech stack management can also improve the scalability and flexibility of software applications, allowing businesses to adapt to changing market conditions and customer needs.

Common cost drivers associated with tech stacks include licensing fees, software development and maintenance costs, and the cost of hardware and infrastructure required to support the software. These costs can vary depending on the complexity of the software application, the number of users, and the level of customization required.

Businesses can optimize their tech stack to reduce costs by identifying and eliminating redundant or outdated tools and technologies, leveraging open-source software and cloud-based services, and streamlining development processes through automation and collaboration tools. Additionally, businesses can work with IT professionals to conduct regular tech stack assessments to identify opportunities for optimization and cost savings.

BuyerCaddy provides a complete view of an organization’s tech stack – all software, services and frameworks making up a SaaS budget. By identifying overlapping and redundant technologies businesses can optimize their stacks performance through better integrations and reduce costs by cutting excess products.

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