Be more informed than your vendors
Not enough time to speak to all of your users to identify cost savings? Going into renewal negotiations unsure of client satisfaction? Do your vendors seem to know more about your users than you do? Having to manually check — or no time to check — that your users have appropriate services for their needs?
These are common problems many financial institutions, law firms, and professional services firms have to deal with when it comes to managing their enterprise subscriptions. Adding self-certification and surveys to your spend management mix allow you to overcome these challenges.
“TRG Screen’s Self-Certification functionality empowers our users to manage down their own spend”
Our spend management solutions — FITS & INFOmatch — incorporate self-certification & surveying functionality. Self-Certification forces end users to critically deal with the market data products and other information services they use to do their job.
Self-Certification obliges end users to approve their own profile. End users are shown the market data products and subscription services they use together with associated cost for which they can expect to be charged.
Their subscription spend is compared to that of the cost center average. From there, end users have the possibility to request the cancellation of (too) expensive or unused products and services. Self-Certification makes end users more responsible and in the end more cost-conscious.