Abhas Jain Email and Phone Number
20+ years of global indirect & IT Procurement, Contract Negotiation, Transformation & Reengineering, Project Management, People Management and Financial Analysis experience. Ability to deliver Value Beyond Cost. Expertise in reducing total cost of ownership (TCO) and minimizing risk by aggressively using RFXs and negotiating costs & contract terms for commodities like Technology (software, SAAS, hardware, telecom), services (ITO, BPO & HRO) and management consulting. • Proven experience with procurement transformation. Helped build out a “Sourcing Center of Excellence” with pro-active portfolio and demand management operating model. • Procure to Pay (P2) platform implementation and process reengineering expert. Very familiar with Ariba, PeopleSoft & SAP.• Negotiated 100+ legal master agreements and confidentiality contracts over 18+ years.• 15+ years of demonstrated proficiency in recruiting, managing and inspiring globally deployed staff.• Exceptional ability to present complex topics in a concise manner, influence stakeholders, and drive groups with divergent opinions toward collaborative decisions. Ability to manage ambiguity. Bias for speed and action using Agile framework.• MBA; MS in Information Management• Recognized by Bose CEO for exceptional contribution. Received 13 awards at CVS. Nominated for The Hartford’s Chairman’s Award.Contact me at AbhasJain@yahoo.com or 617-301-2378 for any Sourcing/Procurement leadership opportunities.CORE COMPETENCIES• Global Indirect Procurement Strategy• IT Sourcing (Software, SAAS, Telecom, Services, Staffing)• P2P Transformation & Re-engineering • Influencing & Executive Communication• Category Management• Legal Contract Negotiations• Ariba, SAP, Oracle, Coupa • People Management • Project Management• C-Suite Trusted advisor
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Procurement Evangelist And Conference SpeakerWestborough, Ma, Us
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Global Head Of ProcurementNexthink May 2023 - PresentPrilly, Canton De Vaud, Ch• Establishing Procurement practice at Swiss-US dual headquartered SaaS provider to deliver “Value Beyond Cost”.• Conducted SWOT analysis and focus groups to understand current procurement capabilities and desired future state. Building sourcing roadmap in consultation with CFO, CIO & CEO in alignment with company’s strategic goals. • Defining 18 month P2P maturity plan for tools, people, processes and policy including Coupa StP implementation. • Onboarded two team members. Gathering existing contracts to establish interim contract repository & metadata.• Defined and communicated policies for procurement process, travel and expense, three-way invoice match & POs.• Negotiating with most impactful vendors like AWS, NewRelic, and real estate partners to quickly bring savings, create positive impact and enhance team credibility. Conducting RFI for travel platform & corporate card programs.• Renegotiated entire real estate lease portfolio to reduce lease costs by $2.5 million annually.• Part of (sales) deal desk. Advise on all major new sale and resale transactions worldwide and RFP responses. • Advising CEO and CRO on new pricing models to increase ARR and product stickiness. -
Board MemberMykidzday, Llc Feb 2012 - PresentBoston, Ma, UsBoard member and advisor to high growth and impact EdTech startup enhancing parent communication and enabling early care industry efficiently manage their program -
Global Head Of It SourcingBose Corporation Jan 2020 - Apr 2023Framingham, Massachusetts, Us• Manage ~350 million in annual spend. Lead globally deployed category managers and analysts. Responsible for all Technology (hardware, SAAS, Software, services) sourcing globally. • Serve as trusted advisor to Bose C-Suite. Routinely work with Bose’s COO, CFO and CIO. • Reduced technology sprawl and vendor overlap with pro-active portfolio and demand management. • Key member of cross-functional team tasked with recovery work from catastrophic “Cyber Incident”• Proactively identified inefficiencies. Led six-sigma project to streamline A/P. Reduced deal execution time by 40% and errors by 15% by modifying approval process.• Strengthened Infosec monitoring capabilities and reduced chances of ransomware attack by negotiating Security Operations Center SOW with Accenture.• Transformed reactive, order-taker mentality team to a “Sourcing Center of Excellence”. • Created Value Beyond Cost by transitioning US based procurement support tasks to Bose’s BPO in Lisbon.• Partnered with CIO and CFO to minimize layoffs by delivering budget savings of $39 Million. Pro-actively identified op-ex reduction opportunities. Renegotiated global fee structures with providers like TCS and Capgemini.• Recognized by Bose’s CEO for negotiating $9.8 Million budget save with a “best in class” multi-cloud enterprise agreement with Salesforce.• Achieved $11Million in budget save with a new AWS Enterprise Discount Program.• Leveraged Microsoft’s goal to expand O365 E5 adoption to lock-in 28% discount on a 5-year Enterprise Agreement that provided superior cyber-security technology while delivering over $8 Million save.• Led RFP for global IT command center outsourcing. Negotiated transition SOW and Managed Service Provider SOWs with TCS, while achieving $11 million budgetary save.• Helping deliver on the “Cloud First” strategy. Significantly reduced Bose’s TCO for SAP by bundling licensing, support, maintenance and infra-hosting. -
Adjunct Faculty Member - Mba ProgramJohnson & Wales University Dec 2016 - Dec 2020Providence, Rhode Island, UsTaught "Current Trends In Technology" course to MBA Candidates. -
Senior Manager, It Sourcing & AnalyticsCvs Health Nov 2011 - Jan 2020Woonsocket, Ri, Us• As part of the CVS IT Sourcing leadership team, helped manage ALL IT transactions and relationships spanning $1.4B in annualized (addressable) spend. Managed team of five contract administrators. • Delivered $55MM in budget savings by negotiating large complex multi-year ELA/ULA agreements with the large IT vendors like Microsoft, Oracle, IBM, EMC Corp, Cisco and Hughes Network. • Achieved $18 million in budgetary expense reduction by rightsizing hardware and software maintenance. • Negotiated with IBM (Kenexa) and other HR vendors on applicant tracking system & background check processes.• Negotiated extremely complex transformative deal to transition HRO from IBM to Aon Hewitt. Established strict timelines and deliverables during 18 months implementation and SLAs for 5 year HRO and SaaS initial commitment.• Negotiated over 100 master agreements (including Hosting, Consulting, Software, SAAS and confidentiality agreements) to ensure compliance with current laws and policies and adherence with contract standards. • Reduced CVS’ ITO spend by about $23 Million and enabled CVS to hire targeted vendor resources by collaborating with business/finance leaders, and with McKinsey’s assistance. Level set and re-calibrated off/onshore rate cards.• Led Sourcing and contracting activities needed for the launch of a joint venture between CVS and Cardinal Health. • Collaborated with CVS legal to update contract templates to reflect industry best-practices. • Increase vendor engagement by regularly hosting Key Vendor operations reviews and QBRs. Identify improvements opportunities in KPIs and SLAs for cost, quality, performance, availability and/or service level. -
It Sourcing Specialist IiiVoya Financial Aug 2011 - Oct 2011New York, Ny, Us• Led cross-functional teams through complex global sourcing RFP to select enterprise financial and portfolio risk management system. Prepared sourcing strategy and briefing documents for executive leadership team’s review. -
Negotiator - Corporate It ProcurementThe Hartford May 2003 - Aug 2011Hartford, Ct, Us• Achieved multi-million dollar budget saves through negotiations with major well-known enterprise vendors including EMC, Oracle, IBM, AWS, Microsoft, SAP, TCS, Wipro, Capgemini and Accenture.• Key member of Hartford’s core team that implemented Ariba Sourcing and Contract Management modules. Coordinated vendor master cleanup to ensure consistency with Peoplesoft. Helped transition existing contracts from legacy system. • Generated $3.2 million budget save by partnering with Mutual Fund manager to run a four vendor RFI for derivative securities pricing tool. Manufactured leverage by creating the illusion of competition by conducting a one vendor RFP.• Strategically identified the key vendors and helped establish more collaborative rather than transactional relationship. Achieved $15 million budget run-rate save by negotiated lower fee for bestowing the “power vendor” status. This resulted in over. Nominated for Chairman’s award for exemplary work. -
Manager - SapTsys Jun 1999 - Jun 2002Columbus, Ga, UsManaged Vital’s $3.5million SAP implementation comprising of financial and billing modules. Articulated path forward in a way that provided meaning and inspiration for various stakeholders. Provided status reports to CIO and CFO. Prepared key project documents including project charter, CBAs, resource plans, project plan and updates. -
Management AssociateTsys Acquiring Solutions, L.L.C. Jun 1998 - Jun 1999 -
Graduate Assistant / Web DeveloperArizona State University Aug 1995 - May 1998Tempe, Az, Us
Abhas Jain Education Details
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W. P. Carey School Of Business – Arizona State UniversityFinance -
W. P. Carey School Of Business – Arizona State UniversityInformation Management -
School Of Planning And Architecture, New DelhiArchitecture -
Bal Bharti Public SchoolScience Batch - Computers
Frequently Asked Questions about Abhas Jain
What company does Abhas Jain work for?
Abhas Jain works for Nexthink
What is Abhas Jain's role at the current company?
Abhas Jain's current role is Procurement Evangelist and Conference Speaker.
What schools did Abhas Jain attend?
Abhas Jain attended W. P. Carey School Of Business – Arizona State University, W. P. Carey School Of Business – Arizona State University, School Of Planning And Architecture, New Delhi, Bal Bharti Public School.
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