Evaluating procurement solutions and deciding which to entrust with your transformation is a tremendous responsibility. After all, if done well, the chosen solution can result in cost savings and process improvements across the entire value chain. Understanding the full cost to realize this vision can be difficult to assess with accuracy.
Some elements, such as the contract price, are easy to find. Others, like the annual maintenance cost of physical servers for hosting on-premise enterprise applications, can be harder to come by. However, with the right framework, explained in this document, you can gain greater insight into various cost areas so you can prepare a more accurate estimate for your business.