Concertiv’s Methodology to Driving Y-o-Y Savings & Efficiency

Driven by the dual benefits of cost reduction and easing back-office workloads, there is a definite trend to outsourcing procurement in mid-market asset managers and boutique investment banks. As this trend matures, there is a keen interest in grasping the mechanics of achieving ongoing, year-over-year savings. Concertiv excels in this domain with a proven methodology, focusing on a comprehensive understanding of procurement-as-a-service. This process promises immediate annual savings and fosters a more cohesive and strategic methodology for managing spend and vendor relations across travel, insurance, market data, and technology. With the 4 successive stages: 1. Centralize, 2. Negotiate, 3. Manage, and 4. Optimize. Concertiv's approach is a streamlined solution for sophisticated procurement needs.

CENTRALIZE

Streamline Your Procurement Management On A Purpose-Built Platform with Concertiv360?

Our procurement platform revolutionizes procurement management by seamlessly integrating vendor contracts, spend, and licenses into one cohesive system. We offer a streamlined approach to capturing, organizing, and analyzing your contract and usage data, ensuring enhanced insights and comprehensive visibility. This empowers you to oversee your contracts effectively, from timely renewals to invoices and contract details.?

NEGOTIATE

Renewing and Curating the Best Products Available with Exceptional Purchase Power

Our due diligence and profound understanding of the vendor landscape empower us to secure the best prices for new products and renewals. We handle everything, from negotiations to meticulous license management, with remarkable efficiency, effectiveness, and minimized risk.

MANAGE

Outsourcing Your Administrative Challenges to the Procurement Experts

In addition to our prowess in expertly negotiating renewals and securing substantial discounts, we shoulder an administrative role beyond the ordinary. Our commitment extends to ensuring your preparedness for future procurements, navigating the intricate landscape of regulatory audits, and seamlessly adapting to the ever-evolving policy changes that shape the business world.

OPTIMIZE

Taking Portfolio Management to the Next Level and Driving Year-over-Year ROI

By understanding your unique needs and objectives in-depth, we unlock deeper cost-saving opportunities. This approach enables us to offer intelligently tailored product solutions, utilize peer benchmarking for more effective portfolio management, and leverage our expertise to empower clients to achieve excellence.

When firms engage in dialogue with a Concertiv expert, they quickly discern that what's presented here is just a glimpse of the comprehensive, dynamic solutions Concertiv offers. Concertiv's approach is more than just a cost-saving mechanism—it's a transformative tool that reshapes how firms handle procurement. From the initial centralization of vendor information to negotiation of renewals and new products to the intricate management of contracts and ongoing portfolio optimization, it's a partnership that enhances immediate financial outcomes and sets a trajectory for sustained growth and operational excellence. The real magic of Concertiv's approach unfolds in the ongoing dialogue, where customized solutions and untapped opportunities come to light, demonstrating why they are a leading choice for firms looking to elevate their procurement processes.

Read the Full Article Here: Procurement-as-a-Service: Concertiv’s Methodology to Driving Y-o-Y Savings & Efficiency