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CASE STUDY

Accelerating procurement maturity to increase profit and support growth

Procurement transformation Equiniti
Procurement solution

Problem

Equiniti Plc, a global financial services technology company was experiencing significant growth and had acquired over 12 FinTech businesses in the past 3 years. The procurement function was not at the required maturity level to deliver the value to support the business growth strategy.  

Procurement problem

Solution

We designed and implemented a 3-year procurement transformation that accelerated the maturity of the department to become a strategic, value creating function, directly supporting the delivery of the corporate strategy. The transformation included; creating a centre led operating model, new service offerings, upskilling the team in category management/commercial discipline, offshoring transactional procurement, digitalising key process (P2P/SIM/SRM) as well as embedding a global SRM framework.

Solution results

Results

  • Savings increased by 140%

  • Supply base reduced by 30%

  • Department operating costs reduced by 25%

  • P2P compliance increased by 50%

  • Improved supplier performance and reduced supply risk

  • Featured article in Supply Chain Digital, January 2022 edition 

John Stier

"Swan Procurement transformed our procurement department to deliver significantly more savings" 

 

John Stier

Former CFO, EQ & Chairman, Dr Care Anywhere

Michael Burt front cover supply chain magazine 2022
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