Transforming Procurement Efficiency for a Renowned Financial Institution with iLink’s E-procurement Framework
iLink Digital empowered global financial institution navigate significant challenges in their manual and fragmented procurement process. We implemented a scalable and user-friendly e-procurement framework to streamline the entire procurement workflow, reduce approval times, and enable better tracking and reporting capabilities.
Industry
Financial Services
Company size
10K+ Employees
Headquarters
Tokyo, Japan
Client Overview
Our client is a leading financial institution, offering comprehensive range of financial services, including banking, securities, asset management, and leasing. With a history of spanning over three decades, they are deeply committed to fostering sustainable growth by delivering innovative solutions to the clients.
Challenges
- ● Time-consuming Workflow: Manual approval process was managed via printed forms sent via email, causing prolonging procurement delays.
- ● Fragmented Documentation: Associate documents were stored in disparate locations, making it difficult to maintain consistency and accountability.
- ● Error-Prone Risk Calculation: Complex risk categorization logic was handled manually, often resulting in inaccuracies and misclassification.
Solutions
- ● Streamlined eProcurement Portal: Strategically implemented e-procurement portal using SharePoint Online, Power Apps and Power Automate to streamline procurement activities.
- ● Custom Apps: Separate apps were created f or different stages of the procurement lifecycle, allowing users to track, create, and approve plans efficiently.
- ● Automated Business Logic: Complex approval and risk assessment logic within the apps can be controlled using setting in the Sharepoint site.
- ● Custom Reporting with Power BI: Created detailed reports using Power BI, such as summaries of total projects and pending approvals, providing actionable insights for data-driven decision making.
Business Impact
Reduced Turnaround Time by 70%
Improved Accuracy
Enhanced Visibility
Streamlined Collaboration
Enhanced Scalability & Flexibility
Informed Decision Making
