EY Vendor Management Consulting Services
With rapid globalization and technological advancements, reliance on third parties has increased exponentially and organizations are now dealing with fast changing contracting practices.
Organizations must truly be effective in managing their third parties and vendors across businesses to drive value and performance and manage risks.
What EY can do for you
We help clients in their end-to-end transformation initiatives and set up of their vendor management processes and function, enabling them to maximize value from third party relationships, improve performance and manage risks.
Our vendor management solution helps you with:
Vendor Management Transformation
EY professionals help clients reimagine vendor management and transform the function to meet the needs of their business. We help design a custom transformation roadmap by considering industry best-in-class state, business aspirations of end-state vision, automation requirements and organizational readiness.
Vendor Management Automation
The way vendor management is performed today will differ significantly from how it is performed tomorrow as businesses evolve and leverage automation. We help you implement a holistic view of automation, processes, and service improvement.
Vendor Management as a Service
EY Vendor Management as a Service adopts a holistic approach to identify organizations’ needs and deploy services with deep domain knowledge, analytics, and technology to help clients achieve desired outcomes from this program. We provide end-to-end solutions like end state vision and solution, transition, set up and run operations.
We can run day-to-day operations on technology platforms and provide enablement support by effectively managing performance and people, and by standardizing processes to ensure continuous improvement.
Vendor Compliance and Performance Reviews
We help you perform an objective assessment of compliances to contractual terms and conditions agreed with your third parties. These reviews cover various aspects of contracts and help clients identify instances of leakages in contracts, over payments to vendors, non-compliances to agreed scope, performance standards and other terms.
Vendor Scorecards and Data Analytics
Companies are increasingly dependent on collecting, analyzing, and developing insights from contracts and underlying supplier data. We help clients better understand their vendor performance through insightful scorecards and by integrating and analyzing data across systems.
Our proven vendor management and contract governance framework has helped clients:
- Identify and realize contract savings and avoid value leakages
- Gain insights and visibility into contracts and vendors for effective decision making
- Improve contractual risk and compliance management
- Implement consistent and standardized vendor management processes across organization and spend categories
- Optimize and automate processes with effective technology solutions
- Drive critical initiatives such as PO compliance, payment on time, data enrichment and others
- Generate insights through contract and supplier performance scorecards and reports
The team
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