FUTUREPROOFING IN FINANCIAL SERVICES
In a rapidly evolving landscape, organizations not only need to operate more cost-effectively, but they also need suppliers to be an agile and strategic contributor to the business, driving productivity in the workplace and supporting key growth initiatives.
On average, half of the costs of Financial Services organizations are external costs, meaning a lot of the operational performance, change, innovation capability, and ultimately the ability to adapt sits in the “extended enterprise” or with suppliers.
From multinational banks to well-known Fortune and FTSE Financial Services organizations, we help some of the most interesting brands in the industry meet the challenges of disruption, market regulation, digital, and rising customer expectations.
Procurement solutions tailored to your challenges
We are practitioner-led. Our people bring real-world industry experience and adopt a hands-on approach to both the challenges and opportunities within Financial Services. Prevalent in the market, with leading brands trusting Proxima as their procurement partner, we bring fresh, relevant, actionable insight from across the industry and beyond.
To stay ahead of regulatory compliance, digital customer solutions, and increasing risk management requirements, Financial Services organizations seek operational and financial efficiencies from current ways of working to fund a transformation. Most of those cost-reduction opportunities sit within the supply base. As such, Procurement plays a pivotal role in enabling organizations to pursue future-facing strategies.
We help organizations by:
- Accelerating change through best practice experience and robust governance.
- Tailoring our solutions to organization’s unique requirements.
- Leveraging expertise and knowledge of our procurement practitioners.
- Helping to shape a future-facing strategy to evolve with the organization’s landscape.
With constant shifts in consumer behavior, value chain dynamics, and regulation, Procurement becomes a critical role in ensuring business not only survive in the Financial Services landscape, but also thrive.
What we do
Each business will face its own unique challenges, contact our experts today, to find out how we can help you. Our service suite is wide-ranging, and we offer both defined products and bespoke services. Broadly our services sit into four pillars:
Cost Transformation
Enabling ‘value’ for money, typically thought through sourcing and strategy work and supporting the delivery of complex programs.
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Cost Transformation
With an average of 70% of a company’s revenues being spent with external suppliers, Cost Optimization Services ensure best value is known, achieved, and maintained.
Capability Transformation
Leading, transforming or developing functions and teams, including their people, processes and technology.
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Capability Transformation
Building the right procurement model is not a one size fits all. Capability Transformation Services help organizations to build fresh or upgrade existing procurement models to boost impact.
Sustainability
Delivering social value, decarbonization and sustainable procurement programs.
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Sustainable Procurement
With supply chains key to achieving sustainability goals, Sustainable Procurement Services support CPOs and their teams to consistently plan and achieve greater environmental and social impact.
Specialist Support
Targeted capability and program support
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Specialist Support
When business have specific projects or complex programs to execute, Specialist Support Services bring expertise on demand to cover capacity and capability needs.
Resources
Related Case Studies
Change and transformation for a Private Bank
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Ensuring this insurance group stays ahead through procurement transformation
This large insurance group generates annual revenues in excess of $5bn and has an employee…
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Ensuring this insurance group stays ahead through procurement transformation
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