For a Canadian Utility company that was in acquisition talks with the division of a larger Utility firm, we were engaged in the due diligence of buy side contracts.
First, we gathered all buy-side contracts data. The contracts were segmented into three priority categories. For the contracts in each category, we went through several phases, including metadata extraction, reviewing the type of contract and actions thereof, benefits from spend and or supplier consolidation, assessment of risks, compliance to the client’s legal standards, supplier negotiations and finally, signing of the contracts on the client’s paper.
We created around 450 – 500 contracts of various types, assessed spend categories, and converted several million dollars in savings delivered within a very short period without increasing third-party risks.