The current economic climate forces IT procurement departments to realize savings and cost-cutting measures. The biggest challenge for an IT procurement department is the comparison of different proposals in regard to software costs and to ensure an effective procurement process. The lack of transparency in those proposals, the lack of meaningful arguments to negotiate as well as the significant time pressure make this situation even worse.

 

With the IME, Cost Xpert provides an intelligent solution for strategic procurement management and supports its customers along the entire value-added chain. Because of the unique expertise, combined with many years of experience, Cost Xpert earned the confidence of one of the world’s leading automobile manufacturers as well as a service company in the telecommunication industry, signing services contracts valid for several years to come. The objective is the implementation of a tailored solution for the reliable estimation of any IT project and/or product for individual as well as standard software solutions.

 

IME ensures the objective determination of person-independent results for effort, time and costs of the IT project/product, prior to budget approval. Thereby, these market leaders achieve detailed transparency of the real equivalent value of the products and services to be rendered. based on reliable results. This allows the objective comparison of proposals and provides the ability to benchmark one’s suppliers. The resulting transparency forms a solid basis for effective negotiations and economical decisions.

 

Because of the high degree of estimation accuracy and the ability to benchmark its vendors, the IT procurement departments are now very well positioned to negotiate successfully. Based on this knowledge of the different IT projects such as internet web, enterprise application and/or embedded software, the companies realize savings in the double-digit percentage range.

 

Both market leaders will expand their collaboration with Cost Xpert for their IT procurement departments. Additional consulting services are planned to help structure the scheme of relevant procurement documents as well as establishing performance analyses of their requirements. The objectives are ongoing transparency and defendable results for the complete post calculation of vendor performance and development. The systematic application of methods from Cost Xpert provides to IT procurement departments valuable solutions for the sustainable expansion of its competitive advantages.

 

Cost Xpert is the worldwide leading provider of solutions and services for the Integrated Methodology driven Estimation (IME) of IT applications. The method, based on scientifically proven methods and models, is the key for a domain and industry independent, realistic estimation of all relevant factors over the entire lifecycle. The expertise of Cost Xpert represents a practice-oriented, intelligent solution for the creation of a solid and transparent basis for decisions for optimal planning and secure realization of even the most complex of IT applications.