Global Investment Advisor Centralizes Procurement Strategy, Saving $800K+ in Three Years

The Problem

A rapidly growing global investment advisor, with offices in Connecticut, London, and Dublin, struggled with decentralized procurement across 40+ vendors. Each department handled its own vendor relationships, leading to:

• 12%+ annual cost increases due to unchecked renewals and duplicate contracts
• Minimal negotiation leverage with vendors due to fragmented spend
• High administrative burden from managing travel, data and technology procurement internally

Facing rising costs and operational inefficiencies, the firm sought an expert partner to centralize procurement, optimize vendor negotiations, and reduce administrative strain.

The Solution

Corporate Travel Optimization

• Conducted a travel spend analysis to identify cost-saving opportunities.
• Leveraged Concertiv’s Global Hotel Program to reduce hotel and airfare expenses by 18%+.
• Led an RFP process to onboard a travel agency that maximized savings and efficiency.

Data Contract Consolidation

• Centralized 35+ market data contracts within the Concertiv360 platform.
• Led negotiations using peer benchmarking and aggregated buying power, reducing costs for 85%+ of contracts and delivering $150K in annual savings.

Technology Vendor Optimization

• Renegotiated a Managed Service Provider (MSP) contract, securing $100K in annual savings.

Took over provisioning and entitlement workflows, reducing administrative burden and saving hundreds of hours.