Key Takeaways

Evolving Procurement Landscape

• The procurement landscape is evolving, with organizations looking to digitize and modernize their workflows, enable strategic enablement, and optimize value and efficiency.
• Procurement is now expected to address risk management and sustainability as well.

AWS Marketplace Overview

• AWS Marketplace is a 10-year-old platform that provides a broad selection of trusted products, flexible payment options, and risk management capabilities.
• Key benefits include 75% reduction in vendor onboarding, time savings, and 10% drop in licensing costs.

Marketplace Features and Capabilities

• Streamlined search and evaluation process, with AI-powered summaries and comparisons, and thousands of free trials.
• Flexible procurement options, including self-service, private offers, and standard contracts.
• Cost management tools like budgets, cost explorer, and financing options.
• Deployment efficiency through integrations with EC2, EKS, and SaaS quick launch.

Governance and Control

• Private Marketplace allows curating a catalog of approved products.
• Manage entitlements control license distribution and usage insights.
• Procurement insights dashboard provides a consolidated view of spending and contract renewals.
• Vendor Insights provide security and compliance information about SaaS products.

Customer Success Story: Criteria

• Criteria, a talent success platform, leveraged AWS Marketplace to streamline their procurement process and accelerate innovation.
• The warm introductions, simplified contract process, and lower risk in working with AWS-vetted vendors were key benefits.
• Marketplace offerings are valuable for organizations of all sizes, not just enterprises, by providing access to curated solutions and a championed vendor relationship.