Business Team

GPD Finance Group

Significant internal collaboration with Prokuria

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Want to find more on how Prokuria can help with faster and optimal supplier selection

Company

GPD Finance Group is a financial services company that serves small-market and middle-market businesses. We provide a broad range of financial solutions to meet our clients' needs at all stages — from inception to IPO and beyond.

Industry

Financial Institutions

Location

Financial Institutions

Size

Over 400 employees

Main Results 

54% increased efficiency in sourcing suppliers through Dutch Auctions, RFQs and RFIs

Significant internal collaboration and alignment with stakeholders

78% improved contract compliance

Ron Perry

Ron Perry

VP of Procurement

“In today’s business landscape, we can no longer afford to not take advantage of what technology has to offer.”

Context

Like the entire financial service sector, GDP Finance Group has been impacted by the rapid changes of the past years. All finance institutions today need to adhere to heightened scrutiny measures in terms of data security and regulatory compliance, aside from the increasing pressures of heightened competition and volatile business environments.

Together with Prokuria, GDP Finance Group aimed at streamlining and centralizing its processes, increasing their agility, and better interacting with their third-party suppliers.

Resolution

By using Prokuria, GDP Finance Group managed to achieve significant business process efficiency, increase their visibility into their spend data and the outsourcing component of the procure-to-pay process.

With Prokuria was easy for us to:
Expand the performance in sourcing providers thru events
Engage the stakeholder and have a significant internal collaboration
Increase in contract compliance
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We know each company is different. 

That's why in Prokuria you can set up your process exactly the way you need it.

No code, no IT consultants, no tech skills required! You will be up and running in no time, and at a fraction of cost vs. other solutions.