Vendors & Suppliers
Apptio’s Vendors & Suppliers solution provides IT finance leaders with visibility into the entirety of their external technology spend. It combines contract, purchase order, accounts payable, and invoice data into a single system so IT finance leaders can understand each contract’s business value, recommend adjustment or cancellation of contracts prior to renewal, reallocate unused and open purchase orders, and optimize contracts with managed service providers (MSPs).
Apptio Vendor Insights
Apptio Vendor Insights provides a centralized, integrated view of spend across the technology vendor portfolio to ensure optimal alignment of external spend to the IT strategy.
We were able to realize immediate benefits, reducing the workload of our supplier management team and making vendor spend and details more readily accessible, without needing to involve our finance or procurement teams. We’ve uncovered cost savings opportunities in a very short time.
Value for Key Stakeholders
Apptio's Vendors & Services solutions provide IT finance leaders with visibility into the entirety of their external technology spend.
Value for Key Stakeholders
Apptio's Vendors & Services solutions provide IT finance leaders with visibility into the entirety of their external technology spend.
IT Finance
Reduce and eliminate unnecessary or duplicative vendor agreements; reallocate open, unused POs and drive spend accountability; and automate reconciliation of resource-unit based invoices.
Vendor Manager
Eliminate redundant vendors providing similar services, consolidate multiple contracts for volume discounts, and renegotiate optimal pricing based on actual resource utilization.
Application Owners
Terminate contracts that support applications nearing end-of-life, ensure contracts that support critical applications are extended, and consolidate contracts across the application portfolio.
How Does Apptio Compare to Alternatives?
| Spreadsheets | VMS Tools | Apptio | |
|---|---|---|---|
| Ingest PO, Contract and invoice data | |||
| ML Driven Data Mapping | |||
| Self Service Analytics | |||
| Pre-Defined Reports & KPIs | |||
| Standard IT Cost Allocation Model |
Additional Resources
5 Reasons IT Needs Apptio Vendor Insights
When the goal is real-time vendor analysis of what you are spending, spreadsheets don't cut it. Learn how to maximize your return on vendor IT spend.
The Ultimate Cheat Sheet for Real-Time Vendor Portfolio Optimization
Download the cheat sheet for the 25 most important questions to answer to drive vendor optimization. This makes analysis a turnkey process and helps build trust with a defensible single source of truth for vendor spend.
How to Forecast Vendor Spend
Learn the top 7 best practices for vendor forecasting and how to drive strategic alignment across IT and Finance.
