Your legal team is concerned about the complexities within licensing and cloud agreements whose terms and conditions can be difficult for a non-technical person to understand. They need to know that any service your organization ends up adopting adheres to the tight regulations you’re held by. Procohort supports your legal team through the negotiation process with your cloud service provider. With experience consulting with 65,000 customers, we can advise you on what’s reasonable to ask and expect from your contract.

What does a good licensing and cloud agreement look like? Procohort can demonstrate this with examples of the ROI we’ve brought to our customers. Our publisher advisory team can also help your finance team determine what KPIs they should be negotiating as part of their licensing discussions. In addition to knowing what your KPIs look like, you also need to know how to meet them. And that’s where a partnership with Procohort comes in. We can show you how to optimize your spend and with our wealth of knowledge we help you achieve your own financial goals during the negotiation process.

Your procurement team manages the day to day transactions, placing of orders and pricing of new services and products within the business. They want to know how they’re buying the service, who they’re buying it from and the best way to manage the transaction. They also want to know how to manage their software entitlements and stay compliant. With our solutions such as PyraCloud procurement workbench Procohort can support your procurement team in ensuring they are not signing up for more than they need. We deliver a “zero-touch” service that covers your entire digital supply chain. You can outsource your entire digital supply chain to us, we’ll get you the best price possible when we evaluate your licensing agreement.

Cloud computing has real-world security implications for the financial sector. Cloud infrastructures allow finance institutions to become more agile and reduce IT spend. However, migration to the cloud can be complex: The right technical and organizational functions must be in place for a sustainable migration that provides long-term institutional benefits.

The financial services industry faces unique cybersecurity challenges, including rules and regulations to prevent fraud and protect consumer data. No industry feels the weight of concern and fear of a cloud data breach more than the financial sector.

More businesses moved to the cloud in 2017 than ever before, and this trend is only expected to increase, with 73% of companies planning to move to a fully software defined data center in the next two years. Financial services has historically been slower to make the move. However competition from fast moving fintech innovators on the rise means risk averse finance companies must innovate their tech delivery methods in order to stay relevant.