Technology spend is in the trillions of dollars globally each year. One of the key metrics is technology spend as a percent of revenue by industry, ranging from 2 to 8.5% according to our analysis at PAAS. Technology spend is the largest and fastest-growing indirect spend category on the balance sheet of many companies, but it offers the greatest opportunity for savings outcomes and can bring hard dollars to the bottom line. The combination of data analysis, negotiation expertise, and supplier relationships reduces the procurement life cycle and creates immediate savings for our clients.

If you look beyond the cold math of a KPI and think about what a small change in technology spend really represents, it's jobs and people. For example, if a hospital can pay less for a laptop, the savings can go toward life-saving resources. A school district can fund more teachers or after-school activities, or better internet access for distance learning.