Concertiv creates custom procurement programs for investment banks to help contain costs, minimize risks, and offload day-to-day vendor management and procurement in market data, technology, insurance / benefits, and travel. Successful boutiques and middle-market banks leverage the dedicated Concertiv model and entrust us to navigate through the constant change of suppliers, vendors and products they use.
Concertiv’s procurement solutions provide Invesment banks:
- Product expertise and curation to ensure the best products
- Group purchasing and preferred terms to get the best price and terms
- Operational efficiency gains by removing the burden of vendor management
A global investment advisor was facing 12%+ annual cost increases and struggling with the administrative burden of managing over 40 vendors across multiple departments and geographically dispersed offices. With Concertiv's Procurement-as-a-Service they were able to save over $800,000 while also realizing ongoing operational efficiencies, freeing up time and resources to focus on more critical priorities.
Global Investment Advisor Centralizes Procurement