Our Results: Strategic Sourcing - Financial Services

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Results - Strategic Sourcing - Financial Services

Context / scope of project :

	Financial Services/back office processing client
	Client needed assistance to cover a resource and skills gap
	Brought in PIP to identify and deliver strategic sourcing savings

PIP and client achieved:

	Reductions in hardware and software maintenance costs
	Significant reduction in contractor hours utilised
	Reduction in telecom service delivery costs
	Price benefits and improved discounts from preferred suppliers
	Reduced travel usage and travel spends
	Significant reduction in non-standard spends (aka ‘text’ spends)

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What we did:

	Rationalised hardware and software maintenance contracts and switched to cheaper suppliers
	Implemented contractor approval services and instituted wiring to control contractor spends
	Enforced existing usage policies for telecom services and centralised telecom service suppliers
	Implemented controls to reduce spend leakage from non-standard ‘text’ spends

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