Dryden Group can help your insurance company to streamline your procurement processes, saving you time and money.
Indirect spend refers to expenses required for a company to operate. These indirect expenses do not affect your product output directly but are essential for your business to run smoothly. Examples of indirect spending include:
We can assist you with responsible indirect spend management. Our procurement consulting services for insurance companies involve:
Our consultants will conduct thorough research to source the best suppliers and service providers to cater to all your operational needs. Sourcing involves getting the best prices and value for your money.
You may not always have time to contact suppliers and get what you need. Our team can close contracts and handle supplier relations to ensure you get the correct goods and services.
It’s easy to fall behind on administrative tasks such as invoicing and making payments. However, these responsibilities are essential to keeping proper financial records and maintaining supplier relations.
Allowing an expert procurement consultant to handle your insurance company’s indirect spend offers many advantages. Dryden Group has a team of expert consultants who can offer your business a range of benefits, such as:
As a leader in our industry, we use tried and tested sourcing processes to ensure you get real value without breaking your budget. Our strategic sourcing services identify areas where your business can reduce costs to save more money. We can help you provide a pleasant experience for your policyholders.
Our expert knowledge allows us to spot market changes early, helping your company stay ahead of the competition. We gather timely information so you can make intelligent decisions and adjust to any changes in the industry.
We will be the primary point of contact for all your suppliers to streamline the communication and procurement process, saving your insurance company valuable time. Count on us to maintain positive relationships with new and existing suppliers and service providers, ensuring on-time deliveries and quality supplies.
One of our Fortune 100 companies sought our advice on renewing an existing contract or running a Request for Proposal (RFP). Our client wanted to ensure they were still receiving the best value from their current distributor. With our expertise, we approached the renewal as an RFP to renegotiate terms and help our client obtain the best deal, saving them $1.2 million.