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Financial Services Case Study 1

Drove Over $4MM in Savings in Select Spend Areas

Drove Over $4MM in Savings in Select Spend Areas

Client Profile

$1B provider of full-service banking, including FDIC-insured deposits, consumer and business banking, commercial real estate and residential construction loans to customers in the Northwest United States.

Client’s Issue

The client needed help understanding the value of developing internal needs analysis, creating competition, and negotiation among many vendors in a spend category.

Our Approach

The client engaged Insight Sourcing to conduct a spend analysis and identify strategic sourcing opportunities in select spend areas. Additionally, the client generates on-going savings by participating in the firm’s Office Supplies Consortium.

Categories Addressed

ATM Equipment
Ad Agencies
Checks
Exterior Signage & ATM Surrounds
IT Hardware & Software
Office Supplies
Telecommunications
Online Banking

PROJECT RESULTS: Drove Over $4MM in Savings THROUGH SPEND ANALYSIS AND SOURCING

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