Procurement management: Consulting for financial service providers
Banks and insurance companies are under pressure to innovate – professional procurement is not only an expert in demand management in indirect spend, but can also make a decisive contribution to new developments and digitalisation projects.
Efficient procurement optimisation in the financial sector
Hardly any other industry is as affected by digital upheaval as the financial sector – new players are constantly entering the market and fintechs are serious competitors. Keeping up with technological innovations and helping to shape the future of the industry is the biggest challenge for most banks and insurance companies.
Through procurement optimization, financial service providers can not only achieve significant savings that have a direct impact on success and liquidity, but professional procurement is also an important savings partner in the development and implementation of future strategies and trends, such as in the area of digitalization.
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To realize the opportunities of advanced analytics, to identify the relevant data and to analyze it profitably, functional and technical expertise must be brought together. The dividend on the original investment thus grows exponentially over time.
Procurement optimisation for regional and international banks and insurance companies
As a specialized procurement consultancy, we advise both regionally based banks and insurance companies as well as internationally positioned groups and banking institutions on optimizing procurement costs and meeting demand. Thanks to our many years of experience, we know the challenges in the financial services sector.
We have therefore developed sector-specific organizational concepts, commodity group strategies and procurement levers with which we can achieve significant and sustainable successes that have a noticeable impact on our clients’ overall results.
How do we proceed when counseling financial service providers?
The product groups relevant to financial service providers can basically be classified into three categories: IT & and telecommunications, services and general administration & and facility management. Since these commodity groups are not part of the value-added, they are often also listed under the term “Indirect spend”. Specifically, these are external expenses for IT programming, hardware and software, marketing, information services, and facility management, among others.
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IT & Telecommunications
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Marketing Procurement
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Facility Management
Selected clients from the financial sector
Our financial expert
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