MARKIT – Blog

First Ever VIRTUAL Markit Summit - and the Importance of Cake in Online Conferences!

2020-12-04T11:51:49+02:00

The pandemic has forced businesses into even more virtual environments, whether it's for client, partner or internal meetings, trainings or industry conferences and seminars.

New Markit Spain Office Opens in Barcelona

2020-11-13T11:54:24+02:00

To meet increasing demand for time and cost saving IT purchasing solutions in Spain, Markit Spain has opened a new office at C/Vilamarí, 110-112 PB2 in the heart of Barcelona.

Markit - MOTIVATED TO WIN GLOBAL RECOGNITION

2020-11-10T11:57:35+02:00

Last week at the World Procurement Awards we found out that Markit didn’t win the Specialist P2P Solution Provider award. It was disappointing, there’s no hiding that fact.

MARKIT CEO PRESENTS AT WORLD PROCUREMENT CONGRESS 2020

2020-11-05T07:13:42+02:00

To complement Markit’s recent report Optimising Indirect Procurement With Marketplaces, Andres Agasild, Markit CEO & Co-Founder, gave a presentation (MARKETPLACE AS A SUPPLIER: TRANSFORMING INDIRECT PROCUREMENT) to more than 100 CPOs and other procurement experts from around the globe at the World Procurement Congress Virtual 2020.

Full slide deck from Andres's presentation available on SildeShare.

Markit – LIVE at the World Procurement Congress 2020

2020-11-02T11:21:16+02:00

Every year the procurement industry’s premium event, the World Procurement Congress by Procurement Leaders, attracts thousands of procurement professionals from around the globe. It brings together CPOs, procurement solution providers, industry leaders and experts from the fields of category procurement, sustainability, and digital transformation.

FREE REPORT - OPTIMISING INDIRECT PROCUREMENT WITH MARKETPLACES

2020-10-19T09:27:39+03:00

The Pros, Cons and Pitfalls of Using B2B Marketplaces for International Indirect Procurement

Assessing IT Marketplace Credibility – 11 Success Stories

2020-09-22T07:48:00+03:00

As the digital age advances and the pandemic forces more businesses to buy and sell online, more and more companies looking to buy IT hardware and accessories are looking for the optimum solution. As such, IT and other B2B marketplaces, are also coming under closer scrutiny, and rightly so.

HP & Markit Success Story

2020-08-27T13:40:26+03:00

Markit and HP have been working together since Markit was founded in 2003. The cooperation and partnership has grown over the years and Markit has achieved SILVER Partner status in 24 countries and GOLD Partner status in 10 more.

Over 1500 international companies use Markit on regular and daily basis to source HP products.

FREE MARKIT REPORT: HOW TO SAVE TIME ON YOUR IT SOURCING AND PURCHASING

2020-08-07T10:03:01+03:00

THE TOP PRIORITY FOR PROCUREMENT ORGANIZATIONS IN 2020 IS REDUCING THE TOTAL COST OF PROCUREMENT.

Source: Achieving Procurement Excellence in the Age of Digital Disruption by The Hackett Group

In IT Procurement, Trust Matters More Than Ever Before

2020-05-13T11:19:55+03:00

In a previous post we talked about how customer service agility during the crisis will affect how suppliers’ reputations will be judged when the dust has settled. In this post we look closer into the trust factor and how Markit and other reputable suppliers are building it.

Client Service Agility in Post-Crisis International Procurement

2020-05-05T13:51:00+03:00

Trust and loyalty are earned - not demanded or claimed. Every international supplier (not just of IT devices) will need to step up a level to come out of the crisis on a positive note. When CV-19 and the ensuing recession become a memory, our clients, and yours, will remember how they were treated during the crisis. Will it be for our empathy, care and genuine concern for the issues they faced? Or will it be for how we sought to take advantage of the situation for profit or competitive advantage?

MARKIT SOLVING IT SHORTAGES FOR THOUSANDS OF PUBLIC & PRIVATE ORGANISATIONS

2020-04-22T12:56:33+03:00

GLOBAL IT NOW is Markit’s new tool helping to solve IT hardware and accessory shortages for thousands of European companies during the crisis.

How to Recession Proof Your IT Purchasing Requirements

2020-04-17T08:36:18+03:00

Last year there were numerous warning and surveys supporting the idea that a recession was possible or even probable during 2020. Though making predictions about global economy is always tricky the global politics, tariff wars and the end of a boom cycle were cited as the possible triggers. CV-19 crisis has made sure that a global recession is inevitable in some shape or form.

Very few businesses will escape short or long-term disruption but as so much has been written about that, let’s instead focus on three things seem certain in the short-to-medium term.

The Indirect IT Procurement Dilemma - Solved

2020-04-14T10:40:19+03:00

Report first published in Procurement Leaders Marketplace which contains the profiles of leading procurement service providers, as well as a library of free, leading-edge content.

It's been suggested in procurement industry circles around one-third of global supply chains could be localised as a result of COVID-19 disruption and so international companies face a dilemma and the COVID-19 crisis has highlighted a long standing issue.

How can businesses achieve the obvious goal to consolidate their IT hardware and accessory suppliers (to save time and money) and at the same time have multiple suppliers at a local level?

7 IT Procurement Case Studies & Success Stories

2020-04-02T11:26:08+03:00

Finding a reliable and flexible international supplier of IT hardware and accessories is essential, whether it’s for remote working set ups or to maintain/advance critical or strategic projects. Markit's world class IT procurement solution has been helping clients in 34 countries succeed in consistently reducing the time and money they spend on purchasing IT hardware and accessories since 2003.

MARKIT OPERATIONS DURING COVID-19 CRISIS

2020-03-25T09:53:02+02:00

The disruptive, and sometimes devastating, impact Covid-19 is having on our families, businesses and the communities in which we live could not have been predicted in full, but it is time to face the facts and stand up for each other and be part of the solution.

At Markit, we are helping our clients succeed in dealing with the IT procurement issues they are facing right now.

We can also help you if you find yourself in a similar situation.

Markit na lista de finalistas para os World Procurement Awards 2020

2020-06-08T12:14:17+03:00

A Markit participou este ano e pela primeira vez nos World Procurement Awards, tendo sido seleccionada para a lista de finalistas na Categoria de Fornecedor Especializado em P2P!

IT Trends 2020 – Finance, Tech and Procurement Alignment

2020-02-20T12:13:08+02:00

Deloitte’s 11th annual Tech Trends report provides rich insights for the digital journey lying ahead for every company. The key findings affect us all one way or another and in larger enterprises, they will drive significant change and transform business in unpredictable ways.

We are still digesting the details of this 132-page report but for now we can draw attention to a couple of noteworthy points relevant to IT procurement, our field of expertise.

Bridge Over Troubled Water

2020-02-19T10:22:21+02:00

Findings from the 2020 Future of Leadership Global Executive Study and Research Project, published by Massachusetts Institute of Technology (MIT), confirm what’s widely acknowledged - numerous international companies are struggling with digital transformation. It contentiously reports that many business leaders themselves are a bottleneck and are out of touch with what it will take to win, and to lead, in the digital economy. This may make uncomfortable reading for international company leaders and while it’s important for them to “face the facts”, we must ask ourselves as partners/suppliers:

What can we do to help them succeed in dealing with troubled waters?

Before we suggest a helpful and practical approach, let’s look at the issues that leaders are facing, according to MIT’s report.

IT Sourcing - Performance with Sustainability

2020-02-14T12:19:59+02:00

From the start of 2020, Markit now provides seven environmental filters in the Markit IT catalogue to serve the growing demand from international companies who are working towards making their supply chains more sustainable and eco-friendlier by purchasing quality IT hardware and accessories that meet internationally recognised environmental standards.

Impacts of Automation and Digitisation on Finance and Procurement

2020-02-03T08:44:59+02:00

IT procurement automation is a cause close to our hearts at Markit – during 2019, 61% of the 200,000+ orders for IT hardware and accessories that we received from 9,500+ clients across 34 countries...were automated.

Markit France Joins Club Decision DSI

2020-01-31T10:33:41+02:00

Markit France has been welcomed as a partner member to Club Decision DSI, the largest independent European CIO organization in its field.

Spend Control as a Value Driver for Procurement Transformation

2020-01-30T15:30:11+02:00

This winter’s issue of CPO Strategy Magazine features an exclusive with KPMG's Chief Procurement Officer, Martin Lee, where he explains how their procurement transformation, and spend control especially, bring value for KPMG.

Punchout for IT Hardware and Accessory Purchasing: Markit Credentials

2020-01-24T09:33:17+02:00

Punchout integration for indirect IT device procurement is on the rise. We discussed the trend and the some of the reasons for it in this recent post: Punchout Catalogue Integration.

We decided to have closer look at the level of our clients’ IT purchasing activities through punchout and whilst we can’t disclose individual client details for confidentiality reasons, we can share these numbers.

Indirect IT Procurement Plans 2020

2020-01-15T09:19:50+02:00

It’s almost a year since Gartner published its white paper “Procurement 2020: Your Action Plan to Prepare Now” and while CPOs will already have their 2020 plans in place by now it’s still worth considering some of Gartner’s “procurement shift” recommendations and how they could complement your own indirect IT device procurement plans this year.

McKinsey & Co. Understand Indirect IT Procurement’s Future

2020-01-07T10:50:09+02:00

It’s not too often that we see an article or report that really grasps the future of IT indirect procurement, but this one: How B2B online marketplaces could transform indirect procurement by Pierre de la Boulaye, Mauro Erriquez, Alejandra Jiménez Iribarren, and Fabio Russo at McKinsey & Co. really nails it. Hats off to them.

IT Procurement Can Go Greener

2020-01-03T15:01:16+02:00

MARKIT 2019 – The Year in Focus

2019-12-30T15:08:14+02:00

It’s been another excellent year at MARKIT, a year about consolidation, expansion and of getting even better at helping our clients succeed in reducing their total cost of IT purchasing. A lot of time and money has been focused on enhancing the Markit IT purchasing system, growing the marketplace and developing back end infrastructure. These positive steps have helped push our average NPS (client satisfaction rating) up to 64.5. We move onwards and upwards towards 70%. The sign of truly world class performance. Looking back here are some of the key highlights of 2019, with links for further reading.

Markit Serbia is Open for Business

2019-12-30T13:51:56+02:00

An important part of the Balkan IT purchasing puzzle has been solved for many Markit clients thanks to the opening of Markit Serbia operations in Belgrade.

The IT Procurement Savings Trap – Report from Procurement Leaders APAC Congress 2019

2019-12-13T08:05:09+02:00

We’ve been banging the value creation drum for over a decade now, since 2003 to be precise and it’s not only us. Steve Hrubala, chief property & procurement officer at the National Australia Bank Group, is one of a number of procurement thought leaders who’s thinking is in tune with ours – or vice versa :) Steve was speaking at The Asia Pacific Procurement Congress 2019 in Singapore recently. Markit was supporting the event and Gregor Fürst, Markit Austria’s Country Manager, went along to hear him speak and was impressed.

Companies Are Taking a Step-by-Step Approach to Digitising IT Procurement

2019-12-10T12:29:20+02:00

At Markit we are seeing growing interest from large international companies who want or need to save time and money on their IT purchasing requirements and processes. Indeed, most companies have, or should have by now, some form of digital procurement strategy to manage their IT spend in action or at the preparation stage.

Saudi Telecom Company Win Procurement Leaders APAC External Collaboration Award 2019

2019-12-04T14:31:20+02:00

Congratulations to Saudi Telecom Company’s procurement team! In Singapore last week, Saudi Telecom Company’s (STC), lead by Head of Technology Procurement, Hani AlSaigh beat off strong competition to win the Asia Pacific Procurement External Collaboration Awards 2019. The award is a validation of STC's drive to be world class and decision to benchmark themselves against the best in the industry.

Productivity as a Competitive Advantage

2019-12-04T09:28:33+02:00

Markit CEO, Andres Agasild recently spoke at SEB’s Baltic CFO Forum 2019 about productivity as a competitive advantage. The Forum is a good example of SEB’s Mission in action.

Are EMEA Procurement Leaders (Still) Lacking Support?

2019-11-29T13:43:25+02:00

Based on findings from recent surveys we have to ask... Are some EMEA procurement professionals not feeling as supported, as they would like to be, by executives within their own companies? Is so, we empathise with them, procurement is at a critical juncture in time – the rise and prevalence of digital solutions and the pressure to deliver savings in an uncertain macroeconomic climate means they need support more than ever.

From USA to China – Markit's Global Reach

2019-11-19T09:16:58+02:00

Let’s face it, China and USA are huge. Huge markets and logistically challenging too due to the massive distances involved. Even though we have experience of setting up operations in 33 countries already, China and USA are special cases and present unique challenges.

Corporate Immune Systems are Stifling Innovation in Procurement

2019-11-14T12:43:53+02:00

“The Three Markiteers” went to London - our Italian and French Country Managers Giorgio Luciani and Steve Barraud plus Head of Sales, Margus Vahemäe - where Markit participated as a showcase partner at Procurement Leaders’, Data Intelligence & Technology Forum on 6-7 November.

Markit Leads the IT Procurement Discussion in Poland

2019-11-13T12:37:32+02:00

Jon Kolasinski, Country Manager at Markit Poland led a round table discussion focusing on global trends in IT procurement at Poland’s largest procurement event, Procon/Polsak 2019.

Markit Wins Gold Key Award in Norway

2019-11-13T11:41:39+02:00

“The award for this year's business transformer goes to a reseller who has so far been the largest in IT, but who now wants to take a bigger role in telecoms. Markit is a solid reseller that delivers very good results and has won great tenders.”

Inch by Inch, the CPO Transforms - Digitally

2019-10-29T07:17:01+02:00

CPOs who want to lead their companies on an ambitious, disruptive and profitable journey would be wise to start in areas where gains are easily demonstrated and to collaborate with an experienced partner.

Industry Opinion: How Should CPOs and CIOs Evaluate Enterprise Solutions?

2019-10-15T10:23:01+03:00

A recent article on CPO Rising by Andrew Bartolini & Matthew York of Ardent Partners talks about reviewing enterprise technology and we take that to include reviewing possible IT purchasing solutions.

Markit & Sogefi Claim Top Spot at CIO Conference

2019-10-09T11:08:03+03:00

Markit’s message describing how international companies can reduce their total cost of IT purchasing went down very well at the CIO event “"The DSI, from cost killer to FinOps - Optimize budgets and service levels" in Paris last week

Markit Expansion Plans: Brazil, India, Indonesia and Serbia Next

2019-10-08T08:09:17+03:00

Looking at the interactive map below you can see Markit is active in 33 countries where we fulfil the IT purchasing requirements of 8000+ international clients, including 20%+ of the Global Forbes 2000.

Markit Partners with the Data Intelligence & Technology Forum 2019 in London

2019-10-03T10:07:49+03:00

Join us in London at the Procurement Leaders, Data Intelligence & Technology Forum 6-7 November and save 15% off the registration fee with VIP code DIT19MK.

Markit Fully Compliant with SCA Requirements

2019-10-02T13:05:52+03:00

As of September 14, 2019, Strong Customer Authentication (SCA) requirements, part of the revised EU Revised Payment Services Directive (PSD2) regulations, mandate that additional authentication measures be performed on applicable online transactions in the EEA.

Punchout Catalogue Integration

2019-09-26T11:16:04+03:00

Punchout integration is increasingly demanded as must-have functionality for any B2B IT provider as clients seek to automate online IT purchasing to save time and money.

Transparent IT Purchasing: From Data to Insights to Action and Results

2019-09-25T14:03:40+03:00

The ideal indirect IT purchasing solution incorporates various transparency components.

Asia Pacific Procurement Awards 2019 Shortlist

2019-09-17T13:14:20+03:00

We are happy to announce that Markit is supporting the Asia Pacific Procurement Awards again for second year running!

Digital Procurement Reports 2018-9

2019-08-15T12:57:29+03:00

We read a lot of digital and IT procurement reports, white papers etc. It’s important to keep up with the trends in IT purchasing. To save you some time here are some of the key take outs from 3 important 2018/9 reports based on surveys related to digital procurement.

Innovation and Value in Digital Procurement

2019-08-06T07:15:21+03:00

According to The Deloitte Global Chief Procurement Officer Survey 2018 (504 procurement leaders from 39 countries took part, representing organisations with a combined annual turnover of $USD5.5 trillion.) a clear shift in procurement focus towards innovation and value requires an acceleration in the pace of change especially in leadership, talent and digital procurement.

Why E-auctions Fail for International IT Hardware and Accessories Purchasing

2019-08-01T10:53:12+03:00

Reverse auctions in B2B purchasing are on the rise, there’s no denying that.
There is an important role for reverse auctions for some products and circumstances, but not for IT hardware and accessories.

Understanding Maverick Spending in IT Purchasing & Procurement

2019-07-16T14:48:44+03:00

Based on client feedback, and data analysis of indirect IT procurement spending, by 1000+ companies over the past 10 years, Markit has identified the causes and trends in maverick IT spending.

Markit 2018 Performance Results and Future Outlook

2019-06-27T10:20:06+03:00

After another successful year of significant and profitable growth we reached and surpassed and important target in 2018 - completing a vision we held for 10 years! 100 million euros revenue with 100 people. By the end of the year revenue reached 111.8 million euros, up 20% from 93.4M on 2017. Sales came from 180,000+ orders across 33 countries where Markit is the leading IT procurement solution for thousands of companies.

Markit global HQ is moving in 2020 to Porto Franco Tallinn

2019-05-27T22:25:44+03:00

Porto Franco and Markit Holding AS signed an agreement for the new office of Markit to be located in Porto Franco. It will be opened in the autumn of 2020, when the construction of the centre is completed. Markit moves to Porto Franco to an area of 850 m²which has magnificent view of the sea.

Markit IT Purchasing Solution Now Available in Mexico

2019-06-27T10:38:06+03:00

Our international expansion continues to Mexico as we seek to increase our North American footprint and serve the demand from our growing base of Forbes Global 2000 clients.

IT Purchasing Just Got Easier. Faster. More Efficient.

2019-06-27T10:26:42+03:00

Just because Markit is already trusted both by a growing number of Fortune 500 / Forbes Global 2000 companies in 33 countries doesn’t mean we can’t improve.

Markit APAC Expansion Brings Transparent IT Procurement to Singapore & Australia

2019-06-27T10:46:54+03:00

Q4 2018 marked Markit’s first steps into the APAC region with openings first in Singapore (November) and then Australia (December).

Strong results for Markit in 2016

2017-04-18T12:51:26+03:00

In 2016 Markit had another strong financial year. The organic revenue growth was a record-breaking 16 million euros year-on-year from 63,4 in 2015 to 79,4 in 2016 with net profit close to 500K EUR for the period. This represents 25% growth in revenue and is on track with the last 10 years average growth of 22%. In total Markit has shown 4X growth in revenue during 2009 – 2016 from 19,2 to 79,4 million EUR.

Ambient Sound Investments exits Markit through MBO while management gains majority in the company

2016-03-31T11:29:24+03:00

Markit management and the first round investor Helmes have completed a buyout deal to acquire the shares of Ambient Sound Investments (ASI) in Markit Holding AS. As a result the founders and key employees re-gain the majority shareholding in the company. Helmes AS continues as a minority shareholder.

Markit acquires 51% majority of ePartner a.s in Norway to become the first choice for Norwegian international companies

2016-03-07T15:05:46+02:00

PRESS RELEASE

Markit has joined forces with ePartner, a leading Norwegian b2b IT e-commerce provider, through acquisition of a 51% stake in the company. By combining the local strength and volume of ePartner with the IT purchasing system and international reach of Markit the aim is to create a strong market position and provide a new level of service for Norwegian customers.

Markit’s Fortune 500 market share is up to 5%

2016-02-11T20:56:55+02:00

In a study of 2015 top customers profiles revealed that our IT purchasing platform is used by 27 global companies that belong to Fortune 500. Our vision - to be the leading IT purchasing platform for international companies – seems to be well on its way.

Excellent financial year for Markit in 2015

2016-02-11T21:05:18+02:00

We had a great financial year in 2015. Our organic revenue growth was 11.6 million euros, up from 51 to 62.6 million which represents a 22% annual growth rate. Our profit doubled from an uncapitalised investment related loss of -400 000 in 2015 to a pre-tax profit of +400 000 EUR in 2015.

NOËP moves on top of Warsaw with Markit

2016-02-11T23:42:35+02:00

The Estonian electronic dance music sensation NOËP headlined the Markit Annual Summit 2016 in Warsaw. At a truly spectacular venue – at the top of a 32 story skyscraper in a roof-tent! Oh yes... The original Estonian rude-boy, high up and at his rudest.

Markiteers meet in Warsaw for the Summit 2016

2016-02-11T22:50:30+02:00

Markit is a truly international company with operations in 28 and offices in 13 countries. A very important part of our calendar is an annual meeting for the whole company. The full team meets in a all-hands on deck meeting in a different European capital every year. This year it was Warsaw.