Spendkey Helps Drive Digital Transformation
Learn how a global commercial vehicle manufacturer identified £427k in IT vendor cost savings in less than 30 days with Spendkey.
Learn how a global commercial vehicle manufacturer identified £427k in IT vendor cost savings in less than 30 days with Spendkey.
END-TO-END VISIBILITY
A leading commercial vehicle manufacturer based in Sweden boasts an impressive annual turnover of approximately £11bn and employs over 10,000 individuals. With a new CIO joining the organisation to spearhead a digital transformation, the customer required a very granular detail of the current tech spend within a particular country of operation (OpCo). Despite dedicating months to an internal project that aimed to collate spend data for this entire operational sector, progress was sluggish, consuming significant internal resources.
At this stage, Spendkey was introduced to address:
Challenges in consolidating multiple data sources.
An escalating reliance on internal resources.
Growing apprehension among the country's executives regarding the accuracy and quality of the data, since the project's scope for the entire operational country expanded.
END-TO-END VISIBILITY
Extracted spend data from ERP systems to understand the various elements of third-party costs.
Consolidated, condensed and cleaned the data to create a unified data set.
Auto categorised the data using Spendkey’s standard taxonomy.
Spend analysis provided visibility and transparency to the steering group within 30 days, including identifying business-critical processes that impacted top-line revenue and mapping IT services that support those business-critical services.
DESIGNED TO DELIVER
Insights from spend data helped the customer to:
Spendkey identified shadow spend initially labelled as inter-company expenditure, triggering a thorough overhaul of the procurement process.
Spendkey helped the customer discover 62 suppliers contracted in a specific sub-category, incurring a cost of £1.6m.
Spendkey highlighted that 30% of the overall spending comprised transactions under £10k each.
Revealed additional optimisation opportunities based on the analysis of the preceding 12-month expenditure.
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END-TO-END VISIBILITY
Spendkey’s rigorous IT spend analysis program helped the customer improve its IT agility, enabling them to shift their operating model to a services company for sustainable long-term growth.
Find out how your organisation can:
Get complete visibility and control over technology spend.
Identify and minimise shadow IT spend.
Optimise its technology stack with clear visibility into the technology landscape.
Track IT spend against budgets and identify savings opportunities to fast-track digital transformation within limited budgets.
Get granular level visibility into your supplier landscape.
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