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TELECOMMUNICATIONS
Spend management – commercial solutions
Improving the bottom line and delivering shareholder value are fundamental requirements for running a successful business. CGI assists companies in lowering expenses—not by cutting back on purchases, but by paying less for purchases—to achieve an immediate and direct boost to their operating results and the bottom line. We combine our rigorous processes, in-depth supplier industry expertise and advanced procurement technologies to deliver comprehensive and flexible solutions. Our tools and technology help to identify, create and sustain savings for organizations.
CGI is the leader in delivering significant savings through our comprehensive source-to-pay spend management offering. We have successfully implemented spend management solutions for clients ranging from mid-market to Fortune 500 firms, delivering approximately $2 billion in annual, recurring savings. We have worked with clients in a broad range of industries, including financial services, manufacturing, hospitality, pharmaceuticals and media.
Highlights on select offerings
Source
- Spend analysis. Through a 4-8 week process, our proven PRISM® solution produces a consolidated picture of all expenditures across an organization. Armed with this knowledge, companies have a better understanding of where money is being spent, and can determine how to achieve the most cost savings and focus contract compliance efforts.
- Opportunity assessment. Our team analyzes contracts and usage for key areas of spending and then identifies savings opportunities and develops a strategic sourcing plan, including the identification of pilot categories that achieve quick-hit savings to fund longer-term initiatives. As a result, clients gain valuable information of their sourcing opportunities without investing significant amounts of time, resources and money.
- Strategic sourcing. CGI applies strategic sourcing techniques (RFPs, eRFX and reverse auctions) to extract savings and improve contracts in any expenditure category, including unique, complex and strategically sensitive areas. This includes not only competitive pricing but also improved contract terms and processes. Our team has proven success in almost 200 different categories of goods and services, delivering $2 billion in annual, recurring savings with an average savings rate of 17% across all categories.
- Organization and process review. A suboptimal procurement process increases overhead and expenses, affecting total operating costs. Through a procurement review, CGI provides recommendations on processes, staffing, tools, vendor management and overall strategy.
Procure
- E-Procurement technology. CGI implements state-of-the-art e-procurement technology to reduce transaction costs while improving efficiency and compliance.
- Procurement outsourcing. CGI helps organizations transform their procurement functions and takes responsibility for some or all of the day-to-day activities, leaving clients free to focus on the more strategic aspects of procurement and helping them meet their financial and operational objectives
Pay
- Compliance and savings monitoring (CSM). CSM establishes a valuable reporting tool that allows managers to monitor spending and savings through new contracts along several key dimensions. This data-driven insight pinpoints exactly where to focus, which departments are failing to use new contracts, and where additional savings can be found.
- A/P audit recovery. CGI works with clients to identify erroneous payments through a systematic analysis of accounts payable transactions and through the implementation of a formal collections program to recoup these funds.
For more information, please contact us at spendmanagement@cgi.com.
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