CXO Nexus, Inc.
CXO Nexus, Inc. is a small business founded in 2017, specializing in IT vendor spend analytics and cost optimization using advanced technologies like artificial intelligence and machine learning. Based in New York, with a location in San Francisco, the company aims to transform data into actionable insights for enterprises, ensuring real-time visibility and efficiency in vendor management.
Company Overview
CXO Nexus, Inc. was founded in 2017 and operates within the Information Technology & Services industry. The company is classified as a small business with a team size of 21 employees. Its headquarters is located in New York, NY, while it has a presence in San Francisco, CA. CXO Nexus focuses on transforming data into actionable insights, emphasizing customer-centric solutions and innovative approaches to IT cost optimization.
Services Offered
CXO Nexus provides a range of services focused on IT Vendor Spend Analytics. Their platform offers automated, out-of-the-box visibility into vendor spend, utilizing advanced filtering and sorting options for actionable insights. The company employs artificial intelligence and machine learning to cleanse, classify, and categorize vendor spend, ensuring real-time, unbiased visibility into true vendor expenditures. Their services also include vendor management, peer benchmarking, and prescriptive intelligence to optimize IT costs.
Technology and Innovation
CXO Nexus leverages patent-pending technology to analyze and augment line item and product-level details of vendor spend. The company’s platform, TruSpend®, serves as a centralized system of truth for IT Vendor Spend Analytics. It automates the cleansing and categorization processes, providing a clean, streamlined data set from existing financial systems. The use of AI and machine learning enhances the platform's capabilities, allowing for real-time collaboration and meaningful reporting.
Partnerships
CXO Nexus has established partnerships to enhance its service offerings. Notably, the company collaborates with Ingram Micro to deliver cost optimization solutions. Additionally, CXO Nexus has a partnership program for channel partners, which complements a wide array of software, consultative, and managed services. These partnerships aim to empower customer success through automation and data excellence.
Security and Compliance
CXO Nexus is SOC 2 Type 2 certified, demonstrating compliance with rigorous standards for security, availability, confidentiality, processing integrity, and privacy. The company regularly conducts penetration testing and vulnerability scanning to maintain system security. This commitment to security ensures that clients can trust the integrity of their data and the effectiveness of the company's solutions.