Helping Banks Cut Costs
Supplier Management for Banks
Banks are under increasing pressure to be compliant with new regulations and bulletins as they relate to first and second-tier supply chain partners. Our SRM experts can help your bank with its Governance and Risk Compliance through our Supplier Relationship Management programs.
Disparate Business Units
Corcentric helps breakdown silos formed as a result of mergers, acquisitions, and restructurings by encouraging executive-level buy-in and interactive stakeholder involvement. Our team works in tandem with banks and financial institutions to learn internal processes and structures and adapt our processes to successfully implement savings initiatives.
Having worked with hundreds of corporate clients, each with their own corporate cultures and attitudes, Corcentric is fully prepared to help procurement and financial executives address internal roadblocks. Our team is sensitive to the concerns of internal personnel and works alongside banks and financial institutions to implement initiatives that are aligned with corporate operations and help to manage changes.
By examining the anatomy of each individual banking and financial institution, Corcentric enables organizations to identify “low hanging fruit” that can produce quick cost reduction solutions and help free-up investment capital to tackle structural cost reduction initiatives that have longer sustainable benefits.
See what we can do with Professional Services.
Corcentric’s solutions for professional services agreements can include a review of T&Cs, non-disclosure clauses, and subcontracting clauses while also reviewing/developing statements of work (SOW), performing analysis like vendor scorecarding and performance metrics, and performing market research to better develop actionable strategies for the management and organizational improvement of a contingent workforce.