Empowering IT Procurement Professionals to
Maximize Value and Eliminate Overspending
ATLANTA, July 17,
2024 /PRNewswire/ -- NPI, a leading provider of
data-driven IT procurement intelligence and advisory services,
today announced the launch of NPI Vantage™ Pro, a revolutionary
management, planning and intelligence platform designed by and for
IT procurement professionals. Through guided workflow tools and
AI-powered vendor and pricing data, NPI Vantage Pro enables
enterprises to manage their growing tech renewal portfolios and
proactively prepare for vendor negotiations, giving IT buyers the
advantage they need to negotiate the best possible deal on
purchases and renewals. The combination of NPI's market-leading
price benchmark analysis with NPI Vantage Pro drives 25 to 30
percent savings (and more), and enables confident purchasing at
speed.
Founded in 2003, NPI has been at the forefront of helping large
enterprises eliminate blind spots and level the playing field in IT
procurement. As tech category spend grows in volume and business
criticality, NPI's mission has never been more crucial. Over the
next 12 months, enterprises will overpay for more than 85% of their
IT purchases due to inconsistent pricing, complex vendor licensing,
aggressive negotiation tactics and autopilot subscription renewals.
NPI Vantage Pro is purpose-built to solve this problem for IT
procurement practitioners.
"NPI Vantage Pro is a culmination of our 21 years of experience
in IT procurement intelligence," said Jon
Winsett, CEO of NPI. "We understand the challenges faced by
IT buyers in today's complex and dynamic landscape. NPI Vantage Pro
empowers organizations to proactively plan and prepare for vendor
negotiations, ensuring they receive maximum value for every IT
budget dollar invested. IT buyers can boost knowledge, confidence,
cycle times, and savings by leveraging this game-changing platform
in combination with NPI's transaction-level price benchmark
analysis and negotiation intel."
Key features of NPI Vantage Pro include:
- Supplier Dynamics™: Vendor-specific insights into
negotiation behavior, pricing trends, and purchase complexity.
- Supplier Risk: AI-powered at-a-glance supplier
risk assessment in four key categories: Supply Chain,
Cybersecurity, ESG, and DEI.
- Supplier IQ™: AI-powered Supplier Briefings to
inform the buyer's understanding of vendor motivations at the
negotiation table. Each Supplier Briefing synthesizes current
information on products and services, market position, financial
performance, mergers/acquisitions/divestitures, and management or
workforce changes.
- Smart Calendar: A calendered view of all upcoming
renewals, purchases, and tasks integrated with market behavior
insights to enhance deal management and prioritization.
Customizable task allocation and management, notifications and
alerts keep buying teams aligned and on schedule.
- Spend Visibility: Visualizations of complex spending
data to identify and prioritize cost optimization and strategic
sourcing opportunities.
NPI Vantage Pro is available as an upgrade to NPI's core price
benchmark analysis subscription. By combining NPI Vantage Pro with
NPI's $250B+ of aggregated market intelligence and vendor-agnostic
insights, NPI's clients are achieving world-class IT procurement
outcomes.
Learn more about NPI Vantage Pro and schedule a personalized
demo here.
About NPI
NPI is a premier provider of data driven intelligence and
tech-enabled services designed specifically to assist large
enterprises with IT procurement cost optimization. NPI delivers
transaction-level price benchmark analysis, license and service
optimization analysis, and vendor-specific negotiation intel that
enables IT buying teams to drive material savings and measurable
ROI. NPI analyzes billions of dollars in spend each year for
clients spanning all industries that invest heavily in IT. NPI also
offers software license audit and telecom carrier agreement
optimization services. For more information, visit
www.npifinancial.com and follow us on LinkedIn.
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SOURCE NPI