US investment bank uses Xoomworks for SAP sourcing upgrade project

About the Client

Xoomworks worked with a large US investment bank in order to implement an SAP Sourcing upgrade and transform their procurement operation.

The Challenge

One of the world’s largest investment banks wanted to increase the level of governance and compliance across its sourcing and contract management activities and enable slicker and more efficient sourcing and CLM activities. The client organisation is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

The Solution

Following on from a procurement exercise, Xoomworks was selected to implement an SAP Sourcing upgrade, deliver additional system enhancements and carry out all change management activities associated to the upgraded system. The client had been running an older version of SAP Sourcing 5.1 for a number of years, and had not been using the full and rich functionality around the management of sourcing events, contract creation and management, and reporting.

Xoomworks consultants were brought in initially to provide a systems and procurement ‘health check’ around how SAP Sourcing was being used by the procurement team.

One of the key recommendations from the health check was for the client to upgrade to the latest version of SAP Sourcing and implement a number of key enhancements which would enable them to optimise their sourcing and CLM capabilities.

Xoomworks worked closely with the CPO, their Direct Reports, other key stakeholders and SAP to design and deliver a rapid deployment of the upgrade and enhancements.

We selected Xoomworks because of the in depth solution knowledge, procurement experience and their track record for delivering change.

Download the client story to read how Xoomworks managed the following challenges: upgrade SAP Systems, reduce risk, increase efficiencies and savings, and embed the changes globally.