Shaping the procurement function and making it future proof – FMCG

CUSTOMER

The customer is an international financial institution focussing on retail, private & wholesale banking. They offer a wide array of financial products to millions of clients through the distribution channel of their choice.

CHALLENGES

  • Client was in urgent need of external reinforcement for two split roles to be combined in one project:
    Specialist buyer for migration and centralization of subsidiary procurement activities to group procurement department
    2. Contract & vendor management for IT infrastructure & software

RESULTS

  • Migrated and centralized procurement activities of subsidiaries with the objective of getting all the procurement activities and contracts (IT and non-IT) of the subsidiaries compliant with the group policy and the regulatory bank authorities’ applicable policies and requirements
  • Guided the preparation, re-negotiation and renewal of contracts and services
  • Managed the contract process in line with internal contract policies and procedures
  • Analyzed contract requirements, specific provisions, terms and conditions to ensure compliancy with appropriate laws, regulations, corporate policies and procedures
  • Monitored contractual risks and determined the necessary measures to mitigate them
  • Onboarding and management of contracts in SAP (Hubwoo);
  • Managed the financial administration in Oracle (Neos)
  • Ensured correct management of the supplier qualification process and EBA requirements;
  • Awareness creation around GDPR compliancy