CASE STUDY

SpendEdge’s Supply Market Intelligence Solution Helps a Leading Bank

May 31, 2017

Category Overview

Collection agencies are companies that collect debt on behalf of creditors for a fee or percentage of the total amount owed. Debt collection services are essential for businesses to recover money they lend to customers. The industry is growing significantly across the globe due to growth in retail debt and delinquency rates. Also, a lenient approach toward lending adopted by financial institutions and banks has resulted in growth in the number of mortgage debts, higher credit balances, and low savings rates.

The Procurement Pain Point

The global banking industry is facing challenges with the introduction of technological innovations and entry of new market players. Rising costs of compliance with tightening controls from various regulatory bodies have forced industry leaders to re-think their procurement management strategies. A leading bank approached SpendEdge to carry out an in-depth procurement market intelligence study on the global credit collection market. The client sought a detailed analysis of the supply market, price negotiation strategies, cost-saving opportunities, and procurement best practices. Furthermore, the client also wanted a better understanding of the service level agreement terms, supplier engagement models, and risk mitigation strategies.

Procurement Insights Offered and the Outcome

To address the specific requirements of the client, we deployed a team of analysts who specialize in assessing the supply market landscape for various industries. Our industry experts followed a blended research methodology consisting of in-depth qualitative and quantitative research followed by data analysis and insights development. Our analysts referred to a vast database of secondary resources to get a detailed perspective of the latest market trends, major suppliers in the target region, cost structure, pricing models, and major regulatory framework. Furthermore, to gain deep insights of the supply market, our analysts engaged in detailed discussions with the category experts, procurement managers, and category heads of suppliers.

Business Impact

This study provided the client with a better understanding of the supply market especially suppliers’ operational and functional capabilities, indicative pricing, and suppliers’ selection and evaluation criteria. Furthermore, this study also helped the client gain deep insights on cost-saving opportunities, price negotiation strategies, best-valued cost categories, market drivers, and category risk.

This case study offers comprehensive information on how our supply landscape assessment helped a global client understand the market space for credit collection services.

 

Want to know more?

 Capture

 

Related Articles:

Recent Case Studies

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars