Insurance Companies and Providers

Strategic Sourcing Solutions and Operating Cost Reductions For The Agriculture Industry

Strategic Sourcing and Cost Reduction Services and Strategies for Insurance Providers

Whether looking for short-term stability, cost structure improvement, or new business models, insurance companies have set goals to reduce operating costs and optimize resources.

Increasing risks in the insurance sector coupled with disparate operational systems and regulatory requirements has put pressure on insurers’ bottom lines. Lean insurance procurement staffs are taxed with managing indirect costs across multiple locations and lack the resources necessary to strategically cut costs.

Corcentric’s team of strategic sourcing experts provides insurance companies with external resources who can commit the appropriate amount of time and energy to source products and services that are crucial to maintaining operations.
We have helped numerous insurance companies implement strategic cost reduction initiatives and have negotiated hundreds of favorable supplier contracts to improve service levels and product quality.

Corcentric’s team of sourcing experts understand the importance of unique cultural and operational aspects of insurance companies and work with internal stakeholders to identify suppliers who can meet qualitative and quantitative needs. We leverage our negotiating and contracting experience and work exclusively on behalf of our insurance clients to establish terms and conditions that produce favorable agreements and reduce risk. Our subject-matter experts have extensive experience with negotiating and contracting with service providers for multiple-facility insurance companies.

We can help insurance companies lower their indirect costs.

Benchmarking and Market Research
Facilities Maintenance (Elevators, Food Service, HVAC, Janitorial, Landscaping, Security, etc.)
Printing and Fulfillment
Telecommunications
Banking Services and Merchant Accounts
Claims Recovery
Marketing and Advertising
IT Services and Software Licensing
Travel
Office Supplies & Equipment
Employment Screenings
Staffing and Temp Staffing

Corporate Spend Analysis

Spend Analysis and Aggregation Services

To reduce costs and positively impact bottom lines, companies must first understand where their cost volumes are concentrated. The first step in Corcentric’s strategic sourcing process, spend analysis provides a detailed view of corporate-wide expenditures and reveals highly concentrated categories of spend.This granular analysis allows Corcentric to aggregate company spend by commodity, supplier, and category. It reveals contract costs, terms, and conditions that provide leveraging opportunities. A proper spend analysis affords an understanding of both fixed and variable cost drivers and identifies an ideal starting point for targeting cost reduction and operational change opportunities.
Spend Analysis Services

Flexible Staffing Solutions

Corcentric works with companies to understand their business needs and provides flexible procurement staffing solutions in addition to their traditional off-site strategic sourcing consultants. No matter the time frame, we can help you identify the right person or team with high levels of experience as supplemental staff or temporary labor support.
Procurement Contractors