Challenge
- Difficulty navigating through all business expenditures with varying requirements.
- Data Invisibility led to inefficient negotiation strategies.
- Excess spend on contract negotiations and risk mitigation.
Solution
- Conducted a workshop to identify unique IT requirements and prepared a divestiture and split business into three units.
- Implemented compliance and regulation policies for each unit.
- Did comprehensive spend analysis and developed a vendor management strategy for each unit.
- Developed a robust IT governance framework for each unit to ensure compliance with relevant regulations.
Benefits
- Saved millions of dollars on contract negotiations and risk mitigation.
- Ensure compliance with relevant regulations during the split.
- Optimized the IT spend by consolidating contracts and negotiating better terms with vendors.