Member Spotlight: Xynergie

Professional service firms – lawyers, accountants, consultants and marketers – can benefit significantly through focusing on their cost base. Indirect, non payroll spend often accounts for over 75% of third party spend and in many instances focus has been applied to just a few of the core spend categories—IT, Print Management, Telecoms and in some cases Travel.

The xynergie approach to ’dynamic procurement’ provides professional service firms with the opportunity
to increase their bottom line margin by over 2%.

Recent activities have taken out over 20% of the overall spend by focusing on;

Pulling together individual spend categories and partnering with external suppliers that can deliver greater value and service delivery

Transitioning the procurement team from being buyer focused to becoming a more integrated financial management resource, delivering greater value across the business

Greater visibility and governance across all spend areas providing management with enhanced data to make business/ investment decision

A procure to pay solution that integrates a self billing platform and payment process that enables suppliers to receive payment within days of delivery, without affecting cashflow

Sustainable delivery of longer term savings through the identification and implementation of supplier innovation

xynergie’s proven methodology can help professional service firms throughout the UK generate significant savings.

For more information about xynergie, please visit our website (www.xynergie.co.uk) or call 0207 554