Did you know that 73% of companies are spending at least $1M/year on generative AI solutions?
While Technology teams are focused on capabilities and features, AI vendors are crafting increasingly complex pricing models designed to maximize revenue. Without procurement expertise, companies are signing contracts with hidden pricing clauses, ambiguous usage terms, and concerning data ownership rights.
This is where procurement becomes your secret weapon and helps negotiate with these levers:
Partnering with Procurement early on can help them understand requirements better, request transparent pricing breakdowns from vendors, benchmark cost across multiple solutions, negotiate performance guarantees with financial remedies and secure data ownership and transition rights.
The AI revolution isn't just about technology, it's about partnership.
While your tech teams focus on innovation, procurement ensures you're investing wisely rather than wastefully. In today's economic climate, this collaboration isn't just beneficial, it's essential.
Tag your procurement team in the comments if they've saved your AI initiatives from costly mistakes #AIprocurement #negotiatingAIcontracts