DESIGN • TRANSFORM • RUN Enhanced strategic sourcing and greater spend control deliver significant savings for a global financial services firm GENERATING pRocuREmENT Imp Ac T Case Study client A global insurance and financial services firm Business need addressed The company needed to overhaul its procurement organization and processes to improve contract and demand visibility, compliance, and cycle time for cost savings Genpact solution Transformed source to pay (S2P) by embedding best-in-class strategic sourcing capabilities, contract and vendor management, and tail-end spend management Business impact Actual savings of $7.7 million, increased spend under contract, accounts payable channel standardization, and greater sourcing and procurement efficiencies in seven mont

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