Atlanta, Georgia (PRWEB) October 17, 2013
NPI, a leading spend management consulting firm, advises enterprises to prepare for greater overspending risk on their information security projects in 2014. The firm’s recent research cites seven purchasing, contracting and vendor management mistakes that can result in spending more than necessary for information security products and services.
The need to protect every layer of the IT infrastructure, from mainframe to mobile, has generated an increase in security costs as well as purchasing, contracting and vendor management challenges. This has been exacerbated by the continual emergence of new players, merger and acquisition activity, and the commoditization of “traditional” security solutions (e.g. firewalls).
For 2013, NPI estimates that companies will overpay $10.1 billion for IT security products and services. The firm expects the propensity for IT security overspending to significantly increase in 2014.
NPI advises companies to eliminate overspending in the year ahead by avoiding several common purchasing, contracting and vendor management mistakes:
“The pace of change across the IT security landscape has accelerated. Those businesses that continue to have a transactional view of security sourcing, and handle vendor negotiations and management as they always have, will be targets for overspending,” said Jeff Muscarella, EVP of NPI.
For more information on NPI’s IT and telecom spend management services, visit http://www.npifinancial.com.
NPI is a spend management consulting firm that protects companies from overspending in specific cost categories – information technology, telecommunication and transportation. Using a combination of market experts, proprietary methodologies and extensive data, NPI ensures that prices and terms are best-in-class. Reviewing more than 14,000 purchases annually, NPI provides objective oversight for billions of dollars of strategic spend for its clients. To learn more about how NPI can help your company start saving today, visit http://www.npifinancial.com or call 404-591-7500.