Xchanging plc ('Xchanging') (LSE:XCH), the business process and technology services provider and integrator, today announces that it has been awarded a three year procurement services contract by a leading investment and insurance institution in the UK.
Under the contract, Xchanging will provide a range of procurement services, including the provision of technology, helpdesk and expert sourcing services.
In addition, Xchanging will provide ‘Tail Spend Management’, looking for opportunities to create savings by rationalising spend with the 80% of suppliers that account for only 20% of this customer’s overall spend profile.
Ed Cross, Head of Procurement Services - Europe, commented: “I am delighted by this deal as it demonstrates that our new go-to-market approach for procurement services is paying dividends. It continues to build on the momentum in the global market place that we’ve gained with the two contracts announced in August 2011, one with L’Oréal in Europe and the second with BAE Systems in North America”.
For further information, please contact:
Xchanging
Xchanging
Ed Cross
Head of Procurement Services Tel: +44 (0)7748 761994
Ed.Cross@Xchanging.com
Graham Copeland Tel: +44(0) 7825 273060
Head of Sales- Procurement
Graham.Copeland@Xchanging.com
Head of Procurement Services Tel: +44 (0)7748 761994
Ed.Cross@Xchanging.com
Graham Copeland Tel: +44(0) 7825 273060
Head of Sales- Procurement
Graham.Copeland@Xchanging.com
About Xchanging
Xchanging is a business process and technology service provider and integrator specialising in Financial Services, Insurance Services, Technology and Procurement, with processing skills and capabilities applicable to other vertical industry and market sectors.
Xchanging is a business process and technology service provider and integrator specialising in Financial Services, Insurance Services, Technology and Procurement, with processing skills and capabilities applicable to other vertical industry and market sectors.
