VANQUIS BANKING GROUP
in the marketplace . The bank has the core deliverables and delivery plan for migration onto the new IT stack ready and anticipates significant results .
“ Once these things migrate over , we ’ ll start to see huge , huge benefits not from just a customer-centric point of view , but from a commercial point of view , a supplier numbers point of view and a thirdparty spend point of view ,” Steven says .
“ It ’ s going to make our bank far more agile and able to react to the market to potentially expand our product set .” The procurement department will continue to support Vanquis Banking Group through this , securing vital purchases to continue their transformation roadmap and work on critical projects .
“ The main one for us , I think for my team , will be working with the decommissioning project ,” Steven says . “ We now have to work out the balance between when we can switch off the legacy IT system because we don ’ t need it anymore versus when that contract renewal will be needed .”
This process is more complicated than it may initially seem . It requires the procurement team to balance the needs of Vanquis ’ s many different systems and suppliers with minimising cost wastage . Balancing this – and achieving Vanquis ’ s broader business goals – will be significantly more efficient and easier to accomplish thanks to Steven ’ s transformation of the procurement department . CREDIT : GETTY vanquisbankinggroup . com 19