KSA Expertise - Merger
We helped a leading bank in KSA going through merger to identify and generate synergies
A Financial Organization in KSA went through merger, Procurement + was engaged to identify and deliver savings and contractual efficiencies due to 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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