Are You Getting the Right Value From Your Technology Spend?
The Objective Isn’t Change. It’s Better Value.
Technology has become one of the most complex areas of business spending. You may have dozens – or hundreds – of technology relationships covering communications, software, security, infrastructure, hardware and outside services.
Over time, costs increase, contracts renew, needs change and new solutions are added. Even a well-managed business may have opportunities to reduce spending, improve terms or identify better alternatives.
ProfitMax works with HonestStok, a technology advisory resource that helps organizations evaluate technology needs and spending across a broad range of categories.
The objective isn’t to change technology for the sake of change. It’s to determine whether you’re getting the right services at the right value.
Much More Than IT
HonestStok works across seven major areas:
Communications
How your business connects, communicates and operates – including voice, connectivity, collaboration and related services.
Software as a Service (SaaS)
The applications that run your business and the recurring costs associated with them.
Artificial Intelligence
Using data and emerging technology to help you work smarter, faster and more efficiently.
Infrastructure
The foundation supporting your systems, applications and data, including cloud and related infrastructure resources.
Security
Protecting your business, systems, data and reputation.
Hardware and Logistics
The equipment, procurement and deployment resources that keep your employees and locations operating.
Managed and Professional Services
Ongoing technology support and specialized expertise when you need capabilities beyond your internal resources.
Vendor Agnostic by Design
HonestStok is vendor-agnostic. Its role is to evaluate your needs and identify appropriate options across a large technology marketplace, including many providers businesses are already using.
That means an HonestStok review doesn’t automatically lead to replacing an incumbent provider. If an existing relationship remains the best fit, there may be no reason to change it.
And when alternatives make sense, you can evaluate them with a clearer understanding of your options and economics.
Start With What You Already Have
Before looking for something new, the conversation can begin with the technology environment and expenses you already have in place.
Where are you spending money today? Which contracts are approaching renewal? Have services accumulated over time that may no longer be necessary? Are current providers still competitive? Are there technology needs that are not being addressed effectively? Could consolidation, renegotiation or an alternative approach improve the economics?
Sometimes the best recommendation may be to keep what you already have.
HonestStok can begin with a complimentary, vendor-agnostic technology evaluation to help identify potential cost, performance or technology opportunities before you commit to making a change.
A Broader Marketplace Without Having to Search It Yourself
HonestStok provides access to more than 900 technology suppliers, along with expertise to help evaluate options, compare pricing and terms, and support implementation. This gives your organization access to a much broader technology marketplace without having to independently source and vet every possibility.
This can be particularly useful around contract renewals, rising technology costs, business growth, acquisitions, new locations, security concerns, cloud decisions, communications changes, AI initiatives or dissatisfaction with an existing service.
900+
technology suppliers
You Don’t Need to Know the Solution Before Starting the Conversation
ProfitMax’s role isn’t to tell your IT leadership how to run your technology environment. It’s to recognize when there may be a financial or operational opportunity worth exploring and bring in specialized expertise to evaluate it.
The starting point can be simple: ‘We’re spending a lot in this area. Are there better options?’ ‘This contract is coming up for renewal. Should we see what else is available before we sign it?’ Or, ‘We know we need help with this, but we don’t know where to begin.’
Your IT Leadership and Existing Advisors Remain Part of the Conversation
HonestStok can work collaboratively with your IT leadership, CFO, COO, procurement team, technology consultants and other trusted advisors. The purpose is to give your decision-makers additional market intelligence and resources – not to diminish the expertise already inside or around your business.
How ProfitMax Is Compensated
There is no fee to engage ProfitMax to explore whether HonestStok may be useful to your business. ProfitMax is compensated through its relationship with the solution provider. Specific costs, contracts or economics associated with any technology solution are reviewed before you decide whether to proceed.
What Can That Be Worth?
$425,000+
Three-year cost avoidance identified in an HonestStok case study. Results vary by situation.
Is There Something Worth Looking At?
If your organization has a technology expense, contract, challenge or upcoming decision worth examining, ProfitMax can help determine whether HonestStok could be a useful resource.