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		Procurement Process Design & Implementation The Client A large European Money Broker The Challenge The company was preparing for an IPO and as part of the readiness for due diligence required a review of the £25 million annual IT spend on hardware, voice lines and market data. The challenge was to introduce European wide cost savings and to implement structured business workflow processes. The solution The solution included: Centralising the purchasing teams Redesigning and documenting the procurement workflow Implementing repeatable and reliable processes Introducing asset management procedures Renegotiating contract renewals with the market data vendors Consolidating voice lines vendors The Outcome The commercial benefit achieved was to reduce the annual budget by over 30% while maintaining the level of service to the broking community. Savings were achieved through consolidation of the marker data contracts and removing redundancy in the voice circuits. Additional benefit was gained through economies of scale with a reduced number of service providers.

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