Tracing Audit Trails and Reducing Supplier Risks by 70% for a Financial Services Company in Europe – Request a FREE Proposal Now!
LONDON--(BUSINESS WIRE)--Nov 27, 2019--
SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on reducing third-party risks by 70% for a European financial services company.
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The company wanted to identify supplier risks that could lead to operational disruptions and non-compliance issues. The time agreed upon with the client to conduct this engagement was one month.
“Companies in the financial services industry must partner with vendors to innovate and boost efficiency in order to address the increasing cost of compliance,” says a procurement expert from SpendEdge.
Key findings and solutions offered
In a span of six months, the client – a financial services company in Europe – obtained suppliers’ information with visibility and minimized repeated assessment requests. The solution offered helped them to:
Outcome: To cater to the specific requirements of the client, the experts offered an innovative supplier management solution and addressed 3LD challenges. They identified companies that could automate risk assessment capabilities through a unified data set and advanced risk modeling and enabled the client to develop an effective risk management process. The solution offered also helped the client to gain detailed insights into supplier relationships and maximize protection for the audit group.
To access the complete case study on how we helped a financial services company reduce supplier risks and trace audit trails, get in touch with our experts here!
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SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
To gain more information, https://www.spendedge.com/get-more-info
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INDUSTRY KEYWORD: TECHNOLOGY PROFESSIONAL SERVICES DATA MANAGEMENT FINANCE
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PUB: 11/27/2019 10:31 AM/DISC: 11/27/2019 10:31 AM