The procurement department in an IT company plays a crucial role in acquiring goods and services essential for the company's efficient operation. These goods and services can range from hardware, software, and network equipment to consultancy services and even office supplies. The department’s responsibility is to ensure that all purchases align with the company’s budget, quality standards, and project timelines. The procurement team helps maintain smooth business operations by securing necessary resources at the best possible prices, negotiating contracts, and managing supplier relationships. Procurement activities in an IT company are diverse and can be broadly categorized into several key areas: 1. Vendor Management: One of the primary tasks of the procurement department is identifying and managing relationships with suppliers. This involves researching potential vendors, comparing quotes, negotiating terms, and finalizing contracts. Building strong, long-term relationships wi...

In today’s highly competitive business environment, IT companies are increasingly focusing on strategic large deals to expand their market presence, drive revenue, and stay ahead of the competition. A Strategic Large Deal Department plays a critical role in managing these high-value business opportunities. This department is responsible for negotiating, structuring, and executing complex, large-scale contracts with clients, partners, or other stakeholders. The deals handled by this department are often pivotal for the company’s long-term success, requiring a strategic approach, deep industry knowledge, and the ability to manage high-stakes negotiations. The value of such deals ranges from several hundred million US dollars to billion dollars or more. Here is an example of a large deal win by a leading technology company Infosys: Infosys secures a $454 million deal with Danske Bank In this post, we’ll explore the key activities and importance of the Strategic Large Deal Department in an...

When we think about the inner workings of an Information Technology (IT) company, the spotlight often shines on developers, engineers, and project managers. However, there’s another crucial team working tirelessly behind the scenes: the Human Resources (HR) department. For job seekers eyeing a career in the tech industry, understanding the various functions of HR can provide valuable insights into how companies operate and how they support their employees. Let’s delve into the key functions of the HR department in an IT company. 1. Recruitment and Talent Acquisition One of the most visible roles of the HR department is recruitment. This function involves identifying staffing needs, crafting job descriptions, and sourcing candidates. HR professionals conduct interviews, assess skills, and facilitate recruitment process to guarantee the acquisition of top talent on board. For job seekers, this means that building a strong resume and preparing for interviews is essential. Knowing how to d...

Analyst Relations (AR) department is typically a part of the overall Marketing department in an Information technology company. The Analyst Relations department in an IT company is crucial for managing the organization’s reputation and fostering connections with industry analysts. These analysts play a significant role in shaping market perceptions and guiding purchasing decisions. The key world renowned analysts for Information technology companies include Gartner, IDC, HFS, Forrester, McKinsey etc.    These analysts conduct research and studies on different type of product and services periodically such as every year.    They rate the products and services after measuring on different parameters.  These surveys become tool which different companies use in decision making while they make purchase decision for a product or  Technology services. E.g. of such research are Gartner Magic Quadrant for SAP S/4HANA Application Services, Worldwide.  This study...

The Legal department is essential to the success of a large Information Technology company, acting as a key pillar in navigating the intricate legal environment of the tech industry. Its primary functions and activities include: 1. Contract Management: Involves drafting, reviewing, and negotiating various agreements with clients, vendors, and partners, such as service contracts, licensing agreements, non-disclosure agreements, and sponsorship deals. 2. Intellectual Property Protection: Responsible for managing the company's intellectual property, including patents, trademarks, and copyrights. This includes filing necessary applications and defending against any infringements while ensuring that employee-generated content does not violate others' IP rights. 3. Compliance and Regulatory Oversight : Ensures that the company adheres to relevant laws and regulations, particularly in data protection (like GDPR and CCPA) and cybersecurity standards. 4. Litigation Management:...

When we think of careers in Information Technology (IT), many of us envision computer scientists hunched over code, solving complex algorithms or designing intricate software systems. While these technical roles are undoubtedly vital, the perception that IT companies are exclusively for those with a background in computer science or coding is a common misconception. The reality is that IT companies offer a wide range of job opportunities that require minimal technical knowledge, and many of these skills can be learned on the job. Let’s explore this myth and shed light on the diverse functions available within the IT industry. 1. Understanding the Diverse Roles IT companies are not just about programming and development. In fact, many essential roles exist that support the technical teams and contribute to the overall success of the organization. These positions range from project management and marketing to human resources and customer support. Here are a few examples: • Project Manage...