Projects

In year savings delivered for a leading financial services organisation

The Client

Our client is a fast growing financial services organisation that offers a range of technology-based solutions across lending, investments and insurance.

They offer global services from locations in the UK , Australia and New Zealand. Our client holds over £24bn of assets on their systems and have in excess of 18 million customer accounts under their management.

The Objective

To deliver in year savings across the Human Resources, IT and Property categories of third part expenditure, in addition to bringing best practise procurement capability to the organisation.

Odesma Impact

Following a short diagnostic, the Odesma team identified an annualised savings opportunity of c£1m Working with the business leadership team and key stakeholders, the Odesma team delivered significant in year savings across c30 sourcing projects in a three month period. In addition to this, the team delivered new contract terms and a formalised supplier management regime for key product and service suppliers, minimising risks to supply, business continuity and and customer.

The implementation of new approaches to recruitment, opening direct channels to high calibre candidates, raising the brand profile amongst potential employee pools.

The restructuring of the property contracts and acquisition of new space in a crowded and competitive market.

The Results

Savings delivered across the business in line with identified value along with an improved procurement capability. The team successfully implemented a new approach to recruitment, opening direct channels to high calibre candidates, raising the brand profile amongst potential employee pools. A full restructuring of the property contracts and acquisition of new space in a crowded and competitive market. Successful introduction of new contracts across key suppliers in all categories.