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.

Supplier and contract management

Tools to automate and enhance supplier management from onboarding through KPI tracking to contract expiry in a manner compliant with regulations

Opportunity Identification

Access to pricing templates and tools to quickly build your own. Consolidate and assess bids effortlessly, saving time with analytics you may have never considered before

Spend analytics

Understand all of your spend in-depth and link it to relevant eFlow datapoints to quickly and easily see where you can deliver the most value


Access to a wealth of information including vendor data, benchmarks, category guides, strategy and RFX templates, TCO models and other tools to enhance procurement delivery

Initiative Management

Dashboards providing a single source of truth across your initiative portfolio and a platform to manage day-to-day activities

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Contact us

Contact us to find out how Efficio can help you across all aspects of procurement

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