Deloitte operates financial management of third-party IT and enterprise services for a global CPG company, providing spend transparency and opportunities for optimization
Challenge
One of our clients, a global CPG company, was looking to centralise demand and spend management process for their third-party IT and services spend. The key objectives were to improve visibility and traceability of their supplier spend.
The client needed support to design the new third-party financial management process and to manage it on an ongoing basis.
Approach
The Deloitte engagement was undertaken through a 3 phased approach
Results
Centralised operations with improved visibility of third-party spends, with a focus on deriving insights.
Greater transparency in generating third-party spend forecasts
Enhanced visibility of actual spends against forecasts
Improved the overall cycle time to manage third-party financials