Financial Services
Challenge: This high-profile Fortune 200 financial institution, through its organic growth and acquisitions, discovered numerous vendors and contractor workers throughout its enterprise. With the objective to leverage its spend, the organization embarked on an aggressive strategic sourcing initiative designed to consolidate the vendor base and curtail rogue spending.
Solution: The company chose ZeroChaos' vendor consolidation solution to review its accounts payable records to clearly identify the spend, validate the vendors quality (insurances, contract compliance, etc) and begin the attrition process with the vendors who did not meet the validation requirements. ZeroChaos did just that – discovering over $100 million in rogue spending among 80 vendors. Through its validation and consolidation initiative, we saved the company millions in fees, not to mention corporate risk.
 IT SERVICES
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