Our solution in action: a case study
Our solution in action: a case study
Delivered sustainable cost savings for a major regional bank through a technology-powered spend optimization and transformation journey.
Client challenge
With one of the highest cost-to-income ratios (CIR) in the region, the client faced a substantial cost and efficiency challenge. Key issues included:
- Limited visibility of spend data
- Fragmented and decentralized spend across the region
- Lack of spend controls and transparency
In order to address these issues, the client required a spend transformation project to:
- Define the transformational change needed to optimize spend across the region
- Provide the technology enablers to achieve the necessary change
- Enhance strategic sourcing and category management capabilities to achieve immediate and sustainable cost savings
Our approach
The KPMG team designed and implemented a technology-powered spend optimization and transformation program that is capable of delivering sustainable cost savings.
Key activities included:
- Deployment of spend management solution
- Extraction and consolidation of spend data from multiple ERP systems across the region
- Data cleansing and classification to a single target taxonomy that is enabled by machine-learning
- Spend diagnostic on a single harmonized spend data set
- Rapid identification and validation of saving opportunities
- Capture and realization of saving opportunities, including e-bid events
- Savings tracking and reporting