KSA Expertise – Merger
Procurement Plus supported a leading financial organization in KSA through its merger process by identifying and delivering synergies, savings, and contractual efficiencies. The client engaged us to streamline procurement practices, consolidate vendor relationships, and optimize contract terms, ensuring a seamless integration and maximizing value from the merger. Our expertise helped the client realize significant cost reductions and operational efficiencies, positioning them for long-term success post-merger.
Opportunity
- – Synergies
- – Optimization of suppliers
- – Optimization of agreements
Outputs
- – Savings
- – New contracting models
- – Suppliers partnership
- – Contracts management
Outcomes
18% savings
delivered
Long term partnerships
established
Best-in-class contracting models
established- – Prepared case studies to identify synergies through spend analysis and review of contracting models.
- – Achieved Saving through consolidating the demand of both banks, negotiating better rates and standardization of SOW.
- – Promoted signing multiyear framework agreements across 7 categories to enhance supplier relationship management, e‰ciencies and price certainty.
- – Recommended moving from input-based SOW for FM services to performance-based with SLA’s and KPI’s.
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