Global Energy Leader

Challenge

  • Difficulty navigating through all business expenditures with varying requirements.
  • Data Invisibility led to inefficient negotiation strategies.
  • Excess spend on contract negotiations and risk mitigation.

Solution

  • Conducted a workshop to identify unique IT requirements and prepared a divestiture and split business into three units.
  • Implemented compliance and regulation policies for each unit.
  • Did comprehensive spend analysis and developed a vendor management strategy for each unit.
  • Developed a robust IT governance framework for each unit to ensure compliance with relevant regulations.

Benefits

  • Saved millions of dollars on contract negotiations and risk mitigation.
  • Ensure compliance with relevant regulations during the split.
  • Optimized the IT spend by consolidating contracts and negotiating better terms with vendors.