Purchasing of the financial service providers as banks and insurance companies is in particular characterized by the service to be provided and the increasing importance within the company. The business model of financial service providers is subject to large changes due to changes in the revenue situation, customer requirements, digitization and globalization. The financial service providers design the markets of the future with the help of cost efficiency and creative product and service concepts.

Unlike in industrial companies, purchasing played a rather minor role in the past. The situation of the financial sector changed dramatically after the financial crisis in 2008 and the subsequent market turbulences that occurred again and again.

The purchase volumes often are large, the complexity low - and at this point it is possible to realize significant savings by purchase optimization. These savings have an immediate impact on results and liquidity.

As specialized consultants, we consult regional and international banks and insurance companies - in the revenue segment of some millions or in the multi-billion segment. We have developed sector-specific procurement, supplier and purchase levers that we can pull to achieve sustainable savings.