Vietnam Private Bank

With more than 300 branches and sub-branches across Vietnam, client is one of the leading private sector banks in Vietnam. To support the strong growth and expansion of business, client believed that its Source to Pay (S2P) processes need further enhancement and strengthening.

KPMG supported client on this objective by first assessing different aspect of its procurement function such as Source to Pay processes, roles / responsibilities and procurement spend to identify areas of improvement. As a part of the transformation journey,

PR to PO process

Streamlined to minimize the procurement lead time
Supplier and contract management processes

Developed for an effective sourcing
Robust processes and reduce procurement risks

Added appropriate controls to these processes
Supporting tools and templates

Supplier onboarding, supplier selection, supplier performance management, etc., were developed to support the procurement activities
Automation

Automation opportunities were identified
Competency matrix

Developed to minimize role-capability gap
Key Performance Indicators

KPIs were developed to monitor the procurement performance

This engagement has brought about standardization of procurement processes and have laid a strong foundation for the implementation of procurement solutions in the future.

View and download full case study here