Delivered sustainable cost savings for a major regional bank through a technology-powered spend optimization and transformation journey.
With one of the highest cost-to-income ratio (CIR) in the region, the client faced a substantial cost and efficiency challenge. Key issues included:
In order to address these issues, the client required a spend transformation project to:
The KPMG team designed and implemented a technology-powered spend optimization and transformation program that is capable of delivering sustainable cost savings.
Key activities included:
The spend management solution has delivered immediate and significant savings; while continuing to generate data-driven business outcomes and insights. Key benefits included: