Teckost.com Launches Online IT Procurement Intelligence Product for Businesses to Find Best Prices for IT Hardware & Software

Teckost is an exclusive search engine for IT Hardware & Software, IT Cost discovery & IT Procurement Intelligence Software for businesses. It’s a domain specific tool, cutting across industry lines. According to Gartner, the overall annual Global IT spend is $3.8 Trillion, and a tool like Teckost is targeted to help reduce sourcing cycle time and the IT cost for organizations. The product is designed to act as a negotiation tool for the decision makers by providing insights on the best prices.

A Glimpse of IT Procurement or IT Sourcing Intelligence

IT procurement or sourcing intelligence supplies knowledge on the right product, pricing and place (supplier credentials). It ensures that a business has relevant and up-to-date information to aid in purchasing decision-making. It is just about finding the right information on suppliers, and then being able to come up with strategies to utilize the data in a positive manner.

Procure-to-Pay software solutions make operational processes more efficient. A new software tool, teckost.com, an online IT procurement intelligence software, can help buyers and stakeholders to:

1. Conduct effective negotiations to achieve savings.

2. Identify the risks of IT supplier networks and help choose the right IT supplier and make informed sourcing decisions.

Apart from these benefits, Teckost.com suggests that their customers are able to identify the right IT prices quickly, and this leads to increased productivity, revenue, customer experience and cost optimization, and this helps save internet and energy expenses, and this helps improves IT asset life and overall supports sustainability.

Customer organizations are in need of such data as it could help their CPO and CIO officers be well-prepared before they invite their IT auppliers for a price negotiation discussion.

IT Sourcing Intelligence from Teckost.com provides insight into the IT Sourcing category (one of the most difficult purchasing categories) and markets to enable effective sourcing decisions. The disruption and volatility in the IT industry causes significant challenges to procurement managers and to deliver true value to the organization. it is critical to have insights into: (i) current IT cost, technology advancements and obsolescence, and (ii) potential risks involved due to incorrect decisions taken by the CIO and/or CPO office. Teckost.com rapidly filters out the relevant data from multiple sources of data that are reliable enough to support effective decision making with competitive insights.

How accurate are the prices provided by teckost.com.?

Teckost.com says that while it is practically infeasible for anyone, including the actual IT suppliers (OEMs), to discover the costs before the deal is signed off between two parties, prices indicated by teckost.com would have a variance of plus or minus 5%.

Teckost IT Services Pvt Ltd is a Chennai(India) based start-up company, founded in Jan 2019 by an Industry Veteran Somasundara. T. He has over twenty-five years of experience, largely in procurement, in leading Indian and multi-national corporations and is highly respected in the industry.
Som started his career in the sales & IT functions and after an extremely successful stint moved to the other side of the table. His intimate knowledge of B2B sales positioned him very well to carve out win-win deals and partnerships that saved millions of dollars for the companies he worked with These also forged long-term associations with vendors that helped realise strategic value for his organisations.
Som brings an unique ability to blend together a deep knowledge of best practices in IT , IT Vendor Management,Procurement, an understanding of sales processes and an innate need to work out win-win deals in the most ethical and long-term way possible. This has helped him redefine the procurement function in IT companies into an effective platform for working with the best industry partners while saving millions of dollars for his employers
Som is well-respected for his deep skills in IT Products & Services, Vendor Management, Software Outsourcing, Asset Life Cycle Planning and Procurement Automation.
Som managed over a billion sourcing transactions and $50 Billion Spend
He is a sought-after speaker at various forums . Som speaks on procurement, IT, processes and best practices, global supply chain management and negotiation skills.

Academic and Professional background
Som is an engineering graduate from the University of Madras with ITIL and CIISA certifications.
Vice President and Global Head of Procurement at Cyient , Vice President & Global Head of Procurement, Sutherland Global Services, Vice Procurement and Global Head of IT Sourcing at Polaris. Even prior to that Som worked with Tata Elxsi Ltd, Imtac LLC, Calisys Technology Ltd., Zenith Computers Ltd., and Sterling Computers Ltd.

SOMasundaram.T
Founder Director
TECKOST IT Services Pvt Ltd
AKDR Towers
Second Floor 3edge office
OMR Raoad
Thoraipakkam
Chennai - 600 097
Mobile - 9940661456

This release was published on openPR.