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BMC Vendor Relationship Management Business Challenge A typical IT organization spends upwards of 50 percent of its budget with vendors, yet most organizations don’t have mature processes and systems to manage this large, strategic area of investment. In fact, many are leaking money in the form of poor spending governance, redundant vendors and services, overpayments, late fees, underutilized assets, and poor service. Leading analysts estimate that IT could save 5 to 10 percent of vendor spend merely by improving invoice verification. Business Need
Our Solution Progressive IT organizations are establishing Vendor Management Offices (VMOs) to drive cost and process improvements. However, existing systems don’t effectively support the VMO — they are focused more at the transaction level and do not provide business context to support strategic vendor management. BMC Vendor Relationship Management is uniquely designed for the IT Vendor Management Office, managing the entire vendor lifecycle — from evaluation through end-of-life. The solution centralizes critical vendor information, delivering visibility and transparency across the vendor portfolio. Key Features & Benefits
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BMC Ranked #1 For Strategy BMC Ranked No. 1 for Strategy in IT Asset Lifecycle Management. This evaluation included both strategic vendor management and asset management criteria. 2 Minute Explainer Demo Customer Spotlight Dresdner Kleinwort Investment Bank eliminated 20 full-time employees, creating first-year savings of 3 million euro by centralizing its planning and budgeting efforts with Service Resource Planning and BSM. The firm:
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