Financial Services Case Study 4

Delivered Value via Strategic Sourcing, Procurement Transformation, and Spend Visibility

Client Profile

$20B+ global insurance company with over 72,000 agents domestically

Client’s Issue

The client was looking to drive value across its procurement organization through process transformation, spend visibility, strategic sourcing, and staff training.

Our Approach

Insight Sourcing was engaged to perform a 4-week assessment, including a deep dive into the client’s procure-to-pay processes and state process maps. The firm also provided a detailed P2P process mapping and leading practice metrics benchmarks. Key results included improved invoice processing, policy compliance, and interaction between sourcing, AP, and suppliers.