FINANCIAL
SERVICES
FUTUREPROOFING IN FINANCIAL SERVICES
In an ever-changing business environment, companies must not only strive for cost-effectiveness but also rely on suppliers to be flexible and strategic partners in driving workplace productivity and supporting growth initiatives.
Financial Services organizations, on average, allocate half of their costs to external expenditures. This highlights the significance of the “extended enterprise” or supplier network in determining operational performance, driving change, fostering innovation, and ultimately ensuring adaptability.
From global financial institutions to renowned Fortune and FTSE Financial Services companies, we assist a diverse range of brands in the industry to navigate the complexities of disruption, market regulations, digital transformation, and evolving customer demands.
PROCUREMENT SOLUTIONS TAILORED TO YOUR CHALLENGES
We at Aviatech Solutions are driven by practitioners with extensive industry experience, adopting a hands-on approach to navigating the challenges and opportunities within the Aviation and Aerospace sectors. With a strong presence in the market, trusted by leading brands as their procurement partner, we offer fresh, relevant, and actionable insights derived from our deep industry knowledge.
In the face of ongoing sustainability concerns, labor issues, and fluctuating demand, carriers and manufacturers encounter hurdles in scaling capacity and optimizing supply chains. Manufacturers grapple with significant order backlogs for passenger aircraft, while airlines strategize on effectively integrating technological advancements into their customer offerings.
We help organizations by:
- Challenging the status quo and exploring new ways of working
- Providing expert capability and surge capacity to deliver value
- Identifying risks across your supply chain and building resilience
- Sharing industry insights and collaborating with client teams
With constant shifts in consumer behavior, value chain dynamics, and regulation, Procurement has a critical role in ensuring businesses not only survive in the Aviation and Aerospace landscape but also thrive.
INDUSTRY INSIGHTS
In response to the increasing digital spending habits post-pandemic, Financial Solutions firms are exploring ways to digitally communicate, sell, and operate to align with evolving customer expectations and behaviors.
The surge in digital payments has ignited a wave of market innovation, reshaping the operational and profitability dynamics of a formerly mature service offering. In response, leaders must ensure their systems maintain robustness, security, and compliance.
External pressures are compelling financial institutions to closely examine their supply chains, aiming to balance agility with productivity, cost-effectiveness, and, notably, risk management. This underscores the importance of a smarter, more adaptable procurement function.
The financial services sector is undergoing an unparalleled transformation, with suppliers and procurement playing pivotal roles. As regulatory requirements for structure and compliance intensify, customers are increasingly seeking innovative and tailored services.
WHAT WE DO
Each business will face its own unique challenges; contact our experts today to find out how we can help you. Our service suite is wide-ranging, and we offer both defined products and bespoke services. Broadly, our services sit into four pillars:
COST TRANSFORMATION
With an average of 70% of a company’s revenues being spent with external suppliers, Cost Optimization Services ensure best value is known, achieved, and maintained.
CAPABILITY TRANSFORMATION
Building the right procurement model is not a one size fits all. Capability Transformation Services help organizations to build fresh or upgrade existing procurement models to boost impact.
SUSTAINABLE PROCUREMENT
With supply chains key to achieving sustainability goals, Sustainable Procurement Services support CPOs and their teams to consistently plan and achieve greater environmental and social impact.
SPECIALIST SUPPORT
When business have specific projects or complex programs to execute, Specialist Support Services bring expertise on demand to cover capacity and capability needs.
2024 CPO REPORT:
What’s next for Procurement
RELATED CASE STUDIES
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LET’S TALK.
If you are looking to drive purposeful and profitable change, get in touch.
