In a rapidly evolving landscape, organizations not only need to operate more cost-effectively, but they also need suppliers to be an agile and strategic contributor to the business, driving productivity in the workplace and supporting key growth initiatives. 

On average, half of the costs of Financial Services organizations are external costs, meaning a lot of the operational performance, change, innovation capability, and ultimately the ability to adapt sits in the “extended enterprise” or with suppliers.  

From multinational banks to well-known Fortune and FTSE Financial Services organizations, we help some of the most interesting brands in the industry meet the challenges of disruption, market regulation, digital, and rising customer expectations.

Procurement solutions tailored to your challenges

We are practitioner-led. Our people bring real-world industry experience and adopt a hands-on approach to both the challenges and opportunities within Financial Services. Prevalent in the market, with leading brands trusting Proxima as their procurement partner, we bring fresh, relevant, actionable insight from across the industry and beyond.

To stay ahead of regulatory compliance, digital customer solutions, and increasing risk management requirements, Financial Services organizations seek operational and financial efficiencies from current ways of working to fund a transformation. Most of those cost-reduction opportunities sit within the supply base. As such, Procurement plays a pivotal role in enabling organizations to pursue future-facing strategies.

We help organizations by:

  • Accelerating change through best practice experience and robust governance.
  • Tailoring our solutions to organization’s unique requirements.
  • Leveraging expertise and knowledge of our procurement practitioners.
  • Helping to shape a future-facing strategy to evolve with the organization’s landscape.

With constant shifts in consumer behavior, value chain dynamics, and regulation, Procurement becomes a critical role in ensuring business not only survive in the Financial Services landscape, but also thrive.

Industry Insights

Still responding to the post-pandemic rise in digital spending habits, Financial Services organizations are considering how they can communicate, sell, and operate digitally to keep up with customer expectations and behaviors.

The jump in digital payments has sparked exciting market innovation and changed the underlying operating and margin assumptions behind a previously mature service offering. With this, leaders must ensure their systems are appropriately robust, secure, and compliant.

External pressures are forcing financial institutions to focus hard on their supply bases, seeking to marry agility with productivity, cost savings, and, increasingly important – risk. This highlights the need for smarter, more flexible procurement capability.

Financial Services is going through an unprecedented level of transformation, and suppliers and Procurement are at the heart of it. As regulators ask for more structure and compliance, customers are demanding more innovative and personalized services.

What we do

Each business will face its own unique challenges, contact our experts today, to find out how we can help you. Our service suite is wide-ranging, and we offer both defined products and bespoke services. Broadly our services sit into four pillars:


2024 Cpo Report:

What’s next for Procurement

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If you are looking to drive purposeful and profitable change, get in touch.

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