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.DOWNLOAD FULL REPORT
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.DOWNLOAD FULL REPORT
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.DOWNLOAD FULL REPORT
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.DOWNLOAD FULL REPORT