Valorant has successfully helped financial services companies optimize their third party vendor spend to achieve savings of ~10%. Assuming a financial services company spends $200M - $300M with third party suppliers every year, this translates to $20M - $30M in annualized savings.
Our comprehensive procurement transformation solutions help clients redesign their procurement organization by developing best-in-class policies, processes and tools to deliver sustained procurement benefits like higher run rate savings and reduced third party risk.
Insurance carriers are missing out on multi-million-dollar savings due to having sub-optimal Procurement processes in place. Valorant’s end-to-end procurement services can help insurance carriers transform their organization, enabling a 10 – 15% reduction in third-party spend and 1 – 3% improvement in expense ratio.READ MORE
As competition heightens and the regulatory environment becomes more complex, financial services companies are facing a downward pressure on their margins. Valorant helped a leading Financial Services company drive $17MM in savings, enabling them to successfully navigate key developments in the industry and stay ahead of competition.READ MORE
Valorant helps financial services companies fundamentally transform their procurement department from a back-office function to a key enabler of corporate strategy. Through a combination of people, process and tools, Valorant’s best-in-class methodology empowers procurement to deliver top-line benefits.READ MORE
In 2018, instances of cyber-attacks, security breaches and data privacy concerns have caused US financial services firms to incur fines and losses of more than $23Bn. Valorant’s services helps companies identify and mitigate a multitude of third-party risks, enabling them to avoid large fines as well as keep their reputation intact.READ MORE