New “Benchmark by PAAS” Product Accelerates the Procurement Lifecycle and Achieves 15-30% Savings on Technology Spend
PITTSBURGH, Jan. 14, 2021 — PAAS, the global leader in technology spend analytics, is pleased to introduce “Benchmark by PAAS,” a new subscription service offering. This option enhances the company’s subscription portfolio, which is created for companies of all industries and sizes who are looking specifically for insights that help reduce technology cost on OpEx and CapEx investments. “When you have only your own data to compare with a supplier offer, you’ll never know if you’re receiving the best terms and pricing,” said Russ Ross, PAAS Senior Vice President of Strategy. “Through our new ‘Benchmark by PAAS’ option, our clients can pursue immediate value because we deliver focused, actionable insights for a specific supplier based upon actual benchmark data within 24 to 48 hours.” PAAS aggregates more than 5,000 unique technology suppliers and over 150 million anonymized data points in its proprietary spend analytics platform, PAAS360, which is built upon state-of-the-art Oracle Cloud infrastructure. PAAS uses this actual data, (not survey data), to benchmark more than 450 line items and produce a comprehensive variance and analysis of client pricing and terms. “Technology is the fastest-growing category of indirect spend, and therefore, the most significant opportunity for savings,” said Eric Cunningham, PAAS CEO and Chief Customer Officer. “This new option allows a company of any size to immediately identify those opportunities, reduce their cost, and accelerate the procurement lifecycle.” The new “Benchmark by PAAS” service is available to purchase for a single supplier agreement or as a subscription for access to multiple or unlimited agreements. PAAS offers diverse alternative subscription services and options that leverage their data analytics and procurement experts for negotiation coaching and assistance. Request a benchmark analysis or consultation regarding the entire portfolio of PAAS services and a platform demonstration at the link below.
About PAAS: PAAS is the global leader in technology spend analytics. Their team of negotiation experts combine actual data from PAAS360, their proprietary spend analytics platform, with executive-level technology supplier relationships to accelerate the procurement lifecycle, mitigate risks, improve operational efficiencies, and deliver optimal pricing and terms for clients. The differentiated data-driven insights generated by PAAS360 help organizations of all sizes and verticals reduce their technology costs by 15-30%. PAAS has negotiated more than $20 billion in technology agreements, accelerating companies’ digital transformation with PAAS while benefiting from a guaranteed 5x ROI.