The COVID-19 pandemic has wreaked havoc across the world. Pervasive spreading of the disease in the initial months has led to an unprecedented health and economic crisis for the modern world. As businesses scramble to find a way through this crisis, Procurement can be key in maintaining business continuity and avoiding a cash crunch.
Valorant’s end-to-end procurement services can help insurance carriers transform their organization, enabling a 10–15% reduction in third-party spend and 1–2% improvement in expense.
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.
The claims department is at the core of every insurance company. Therefore, efficient management of the claims process is critical to profitability of insurance carriers. Strategic procurement in claims can help insurers reduce 3rd party spend, optimize payouts and increase customer satisfaction
Several experts believe that global markets are heading into a recession in the next 2 years. Procurement strategies discussed in this paper can help financial services companies in mitigating the adverse impacts of an economic downturn
As the banking industry braces up for the impending digital transformation, banks must orchestrate a well-rounded strategy with collaboration of all business functions including Procurement to maximize benefits of transformation.
Agile has become the preferred software development methodology for the financial services industry. Software development contracts must be accordingly updated by leveraging these contracting strategies, in order to safeguard companies’ interests and establish strong contracts
Leading indicators in the market suggest that an economic downturn may be around the corner. A downturn can severely diminish valuations and lower exit multiples for PE investments. Implementing best-in-class procurement principles at portfolio companies can help mitigating the impact of a recession.