Abhas Jain

Abhas Jain Email and Phone Number

Procurement Evangelist and Conference Speaker @ Nexthink
Westborough, MA, US
Abhas Jain's Location
Westborough, Massachusetts, United States, United States
About Abhas Jain

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

Abhas Jain's Current Company Details
Nexthink

Nexthink

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Procurement Evangelist and Conference Speaker
Westborough, MA, US
Abhas Jain Work Experience Details
  • Procurement Evangelist And Conference Speaker
    Westborough, Ma, Us
  • Nexthink
    Global Head Of Procurement
    Nexthink May 2023 - Present
    Prilly, 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.
  • Mykidzday, Llc
    Board Member
    Mykidzday, Llc Feb 2012 - Present
    Boston, Ma, Us
    Board member and advisor to high growth and impact EdTech startup enhancing parent communication and enabling early care industry efficiently manage their program
  • Bose Corporation
    Global Head Of It Sourcing
    Bose Corporation Jan 2020 - Apr 2023
    Framingham, 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.
  • Johnson & Wales University
    Adjunct Faculty Member - Mba Program
    Johnson & Wales University Dec 2016 - Dec 2020
    Providence, Rhode Island, Us
    Taught "Current Trends In Technology" course to MBA Candidates.
  • Cvs Health
    Senior Manager, It Sourcing & Analytics
    Cvs Health Nov 2011 - Jan 2020
    Woonsocket, 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.
  • Voya Financial
    It Sourcing Specialist Iii
    Voya Financial Aug 2011 - Oct 2011
    New 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.
  • The Hartford
    Negotiator - Corporate It Procurement
    The Hartford May 2003 - Aug 2011
    Hartford, 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.
  • Tsys
    Manager - Sap
    Tsys Jun 1999 - Jun 2002
    Columbus, Ga, Us
    Managed 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.
  • Tsys Acquiring Solutions, L.L.C.
    Management Associate
    Tsys Acquiring Solutions, L.L.C. Jun 1998 - Jun 1999
  • Arizona State University
    Graduate Assistant / Web Developer
    Arizona State University Aug 1995 - May 1998
    Tempe, Az, Us

Abhas Jain Education Details

  • W. P. Carey School Of Business – Arizona State University
    W. P. Carey School Of Business – Arizona State University
    Finance
  • W. P. Carey School Of Business – Arizona State University
    W. P. Carey School Of Business – Arizona State University
    Information Management
  • School Of Planning And Architecture, New Delhi
    School Of Planning And Architecture, New Delhi
    Architecture
  • Bal Bharti Public School
    Bal Bharti Public School
    Science 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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