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Report Ivalua Financial Services Procurement: The Risk of Stagnation

Financial Services Procurement: The Risk of Stagnation

The Financial Sector is in need of an upgrade, when it comes to spend management practice...

The Financial Sector’s increasing desire to outsource, coupled with the complex convergence of operational and information technology, including the explosive growth of IoT devices in support of connected banking, are just some of the more recent factors driving the financial sector’s appetite to upgrade its spend management practice. But managing performance-based spend, at scale, requires an integrated and upgraded set of capabilities. While the enablers may be relatively easy to identify, they remain difficult to translate.

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This guide will explore:

  • The challenges with purchased services spend management
  • Modernising financial services spend management 
  • The integration of sourcing, contracting and compliance