Financial Services Consulting

From banking to insurance, wealth and asset management as well as payments providers, Efficio’s global financial services consulting practice supports across all segments of the industry.

In an increasingly regulated and digital market, our global Financial Services consulting practice supports institutions on all aspects of procurement, including:

Digital Transformation
Resource constraints and increasing capacity of procurement teams
Regulatory compliance & Legislative change
Supplier Management & Third-party risk management
Accelerated cost optimisation
Visibility of spend, contracts, supplier relationships and opportunities to optimise
Sustainability and ESG of the supply chain

Category and Spend knowledge

Efficio offer procurement and domain expertise across of the full range of financial services spend areas, delivering immediate and sustainable impact on your cost base. Our clients often need help to control legacy costs but also ‘cost to achieve’ transformation spend, such as separating retail and investment operations.

Market data
Cash and cheque operations
Contact centre
Courier & Logistics
Document management
Mortgage services
Payments
Postage & Stationery
Transactional print

Card/Transaction Processing
Card Issuing
Card Schemes
Cards Acquiring

Consultancy
Legal
Risk

Business Apps & Software Services
End User Computing
Data Centre Services
Operational Software
Security Software & Services
Service & Systems Management
Carrier Networks
Data Networking
Headset
Video & Collaboration
Voice

Construction
Design
Estates Management
Facilities Management
Security, Fraud & Risk
Utility Management

HR Service Delivery
Learning
Performance & Reward
Resourcing
Managed Payroll
Travel

Media Buying
Agency Fees
Digital Marketing
Marketing Print
Customer Insight
Events
Production

Example of typical spend categories in Retail Banking. Efficio has recent and extensive experience sourcing all categories of relevance in Financial Services.

eFlow – FS specific toolkit and knowledge

Our eFlow procurement software offers digital tools to give teams rich data at the click of a button to drive informed decision-making and streamline often time-consuming procurement activities both pre- and post-contract. eFlow is a procurement platform that goes way beyond traditional strategic sourcing to upskill and empower your entire organisation. Combining powerful technology with the expertise of the world’s largest procurement service provider, it will guide you to better decisions across the procurement lifecycle. eFlow is implemented in a number of financial services institutions to help support them in meeting their regulatory supplier management requirements.