This is an AArete Financial Services Insight
A large multi-national financial institution recently acquired several businesses and sought help from AArete to drive integration activities, chiefly procurement integration, aligning contracts and processes to realize financial and operational synergies while mitigating risks.
AArete interviewed business users and analyzed spend and contracts across organizations to identify opportunities for consolidation and termination, evaluating contractual risks, and re-contracted over 2,000 agreements leveraging scale and AArete Market Intelligence to drive savings. AArete also established the go-forward procurement pipeline for upload into the client’s consolidated procurement platform.
AArete utilized its unique procurement expertise and market intelligence to deliver an on-time target operating model through rapid synergy realization and drove savings (target benefit of $50M across addressable spend) to maximize shareholder value.
Learn more about AArete’s Profitability Improvement solutions