Barclays Gains Transparency In Complex Procurement Process
Value as a Service
Achieved on Contract Spend
Spend Under Management
Hours to Produce Third Party Liabilities
Regulation and compliance changes made procurement a priority.
Controlling costs and driving value company wide needed improvement.
Too much backend work was required in procurement functions.
Achieving OCI compliance required modernization.
Cutting edge technology manages all information and spend on the cloud.
Visibility of spend led to good auditability of the approval process.
Reporting on regulatory commitments regarding third-party spend is efficient.