IT services have become the largest segment of IT spending. Growth in 2024 topped $1.5 trillion, and is expected to continue growing in 2025 (Gartner, 2024). This category of spending has traditionally been dominated by legacy consultants like Accenture, Deloitte, Tata Consulting and others, who do the same work manually.
Terzo is here to disrupt IT services spending. While consultants make up a large portion of this segment, it also includes AI-fueled software solutions. Terzo delivers the same data extraction and management services that consultants deliver, with increased efficiency and accuracy.
We are delivering “Services as Software” instead of “Software as a Service.” This approach can replace traditional consulting services with AI-driven solutions. Using Terzo will eliminate the need for expensive consultants and offshore teams and provide a more efficient, innovative solution.
Stale consulting services
The old way of data extraction and management involved external consultants coming in to manually process data. This system has been in place for over 30 years, with consultants so embedded in enterprise companies that they have badges to swipe in and out of the building.
Data extraction consultants take enterprise data, evaluate it, and return it in a spreadsheet. This is a tedious manual process that can take up to two years. By the time the data has been returned to the enterprise in a simple spreadsheet, it’s already out of date. After that, the process begins again, without ongoing updates to the original spreadsheet, or additional analytics or insights.
Modern AI-fueled solutions
It’s tempting to continue using the same outdated consulting solution that has been in place for over 30 years. But modern, technology-driven solutions can deliver better results and higher ROI. Your competitors will begin to adopt these solutions, and if you sit back and do nothing, your organization will quickly lose its competitive edge.
Contract AI solutions like Terzo can be implemented in weeks, saving you time and money. Your internal team can focus on high-value tasks and will not have to do time-consuming manual reviews.
Once the data has been extracted, you can unlock answers in your contracts, invoices, and other financial documents. Terzo allows you to gain insights into all your extracted data through a robust platform. This allows you to optimize supplier expenses, reduce redundancy, and eliminate waste to increase margins.
It’s time to innovate IT services in your enterprise organization. Terzo’s financial intelligence platform will help modernize the way you manage, forecast, and understand your spend. You can’t drive cost savings by waiting years for data managed by consultants. Terzo can accomplish deep contract intelligence and analytics in a fraction of the time with 99%+ accuracy.
Using services as software, you can drive cost savings for the next quarter, not years from now.
The future is Services as Software
Offering services as software will allow enterprise companies to replace traditional, expensive, and slow consulting services. These solutions will eliminate the need for large teams of consultants who perform manual, repetitive tasks, and instead offer scalable, automated solutions that are more efficient and innovative.
To learn more about leveraging services as software and using AI to become more efficient, reach out to the team at Terzo for a free consultation.
