Global Company Outsources F&A to Focus on Core Business
Summary
A global company in the development and production of mechanical and electronic products and controls needed to focus on its core business. By outsourcing its Finance and Accounting (F&A) operations to a third party provider, the company could leverage the full benefits of a consolidated solution.
Client Challenge
Outsource F&A to an established third party provider.
Develop a pricing mechanism to ensure maximum benefit from future efficiencies
How Alsbridge Helped
Assisted with all aspects, from preparation of the Request for Proposal (RFP) through to contract signature
Prepared an initial business case using Alsbridge benchmarks and supplier data
Developed an innovative target cost pricing mechanism to drive supplier behavior and ensure maximum financial benefit
Prepared the RFP in three weeks, including supplier short listing
Evaluated supplier bids in detail
Prepared the RFP in three weeks, including supplier short listing
Benefit
After three years, the client is happy with the deal and is working with the supplier to realize cost savings. (Needs some details: Any specific operational gains or financial savings?)
