Financial Services Case Studies

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.

The client engaged Insight Sourcing to drive procurement value across its many banks and divisions in the following ways:

– Ongoing spend visibility with SpendHQ
– Office supplies cost reduction and category management through the consortium program
-Strategic sourcing-related cost reduction across multiple categories

Insight Sourcing was selected to assist the client with:

– Post-acquisition procurement M&A integration
– Purchase-to-pay processes and procurement organization redesign with implementation
– Travel Agency sourcing and policy development

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.

Insight Sourcing was brought on to conduct a spend analysis which led to:

– Multiple strategic sourcing projects
– A fulfillment operations outsourcing analysis
– Procurement process redesign