Franklin, TN – October 28, 2020,

Profit Enhancement Systems, the industry leader in technology spend management solutions, announced it has expanded into a new category of coverage with the launch of its latest offering, Cloud Cost Monitoring & Optimization (CCMO).

As COVID-19 continues to impact the global economy, companies have shifted away from traditional information technology management models to more cloud-based solutions and are laser-focused on margins. To help clients manage this transition and maintain cost controls, PES determined that the addition of CCMO as a category of coverage was the next logical next step in its evolution.

According to Phil Ben-Joseph, Chief Information Officer at Profit Enhancement Systems, “As organizations make the shift from traditional on-premise datacenters into the cloud, it’s more than just a digital transformation—it is a complete paradigm shift. Many organizations are challenged to balance capacity planning with incremental cost considerations. The friction in the purchasing process has shifted, making costs unmanageable. IT focuses on business enablement and security, and procurement teams play catch-up on leveraging savings plans and service agreements. Organizations realize that cloud expenses need to be tamed.”

John Cataldo, CEO of the company, stated, “Infrastructure as a Service” providers like AWS and Microsoft comprise 70% of business spend on cloud. Our solution, delivered as a managed service, offers clients economies of internal labor effort and hard-dollar cost takeout. The value proposition for an enterprise CIO and CFO makes a very compelling business case — Gartner has validated that companies who lack a spend management process waste up to 40% of their budget.”

The PES Cloud Cost Monitoring & Optimization (CCMO) practice is a managed service giving organizations actionable insights into their cloud spend by:

  • Leveraging the telemetry streams from Amazon, Microsoft, and Google and provide organizations a single portal to gain granular understanding into spend
  • Utilizing usage and cost trends for cost allocation reporting and real-time alerts on spend anomalies.
  • Producing business intelligence reporting with a stewardship model to help facilitate consistent governance and accountability
  • Enhancing governance around security, authentication and tagging compliance

For more information on Profit Enhancement Solutions and Cloud Cost Monitoring & Optimization, download their CCMO solution brief.

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About PES

Profit Enhancement Systems (PES). For over 27 years we have been laser-focused on helping organizations drive cost and operational efficiencies around technology expense management by integrating ServiceNow platform capabilities with a layer of high-impact professional services. We partner with the various stakeholders in the business to drive visibility, accountability and cost optimization. PES has offices in Tennessee, Massachusetts, California, Nevada, Georgia, and India.

 

Learn more at www.profitenhancement.com