According to research from Vertice, firms are wasting hundreds of hours per year on managing software contracts, with employees spending more than half of their working year on buying and renewing SaaS products. Senior finance and tech leaders are losing the most time, and the burden of contract management is hitting those in senior positions the hardest. The study highlights the need for businesses to reinvent their software management processes to increase productivity and efficiency.
Why do we care?
Vendor management is an MSP offering specifically for this reason. It’s expensive and difficult to manage contract relationships, and as noted here, it’s of high value to decision-makers.
If you’re worried about your infrastructure work going away, it should be replaced or augmented with this work.