Bank, insurance and professional services

Direct spend

Many hidden savings can be found in your indirect purchases:

• Negotiate better terms with online sourcing and auction solutions
• Reduce purchase request validation times while improving control
• Increase the volume of catalog purchases, thanks to intuitive and massively adopted interfaces
• Speed up and streamline exchanges with your suppliers, to take advantage of their best offers and reduce accounting processing times

Basel 3

Optimizing your ratios while respecting certain thresholds: this is the difficult exercise to which each bank must lend itself. This requires very fine management of the activity, and great responsiveness. But Basel III is also an additional requirement for transparency and data consolidation.

Our consultants help you set up or upgrade your reporting solutions to meet these requirements and improve responsiveness, accuracy, and scalability.

Solvency 2

The European "Solvency 2" regulation entered into force on January 1, 2016. All players in the insurance sector must meet requirements pertaining to:

1. Capital and liquidities, and compliance with certain ratios (similar to Basel III)
2. Resilience and maintenance of activity
3. Transparency

OJC Consulting supports you on all of these requirements:

Compliance with ratios essentially requires data consolidation and reporting. Transparency is based on reporting and the communication of information to regulatory bodies and partners. As for resilience, it obviously requires that you have put in place all the appropriate procedures and defined your business recovery plans, but it also has a direct impact on purchasing management:

• Your supplier repository must allow you to immediately identify all the suppliers covered by the Solvency 2 regulation, i.e. those who provide you with services essential to your activity (for example, they may be service providers in charge of maintenance of your network infrastructures, or business service providers to whom you delegate part of your actuarial activities)
• These vendors should give you their own disaster recovery plans, and you should make sure that you have collected them all, and that they are up to date.

We offer you the tools to manage your supplier repository and handle these two aspects with ease and serenity.