{"id":2054,"date":"2023-11-02T12:45:52","date_gmt":"2025-10-07T09:38:23","guid":{"rendered":"https:\/\/www.elixirr.com\/en-us\/?post_type=case_study&#038;p=2054"},"modified":"2026-04-17T12:38:09","modified_gmt":"2026-04-17T12:38:09","slug":"accounting-and-financial-advisory-firm-establishing-a-procurement-function","status":"publish","type":"case_study","link":"https:\/\/www.elixirr.com\/en-us\/case-studies\/accounting-and-financial-advisory-firm-establishing-a-procurement-function\/","title":{"rendered":"Accounting and financial advisory firm: establishing a procurement function"},"content":{"rendered":"<section\n    class=\"wp-block-text-block edwp-block layout--spacing-y bg--none\"\n    >\n    <div class=\"wp-block-text-block__container container fade-in\">\n        <div class=\"wp-block-text-block__content wysiwyg\">\n            <p>Our client, an accounting and financial advisory firm, had undergone a period of rapid growth, having acquired over 60 local accounting practices. This had resulted in a significant rise in their supply base and operational costs, yet they had no procurement service, governance, policies or processes. This meant that the majority of their spend was locally managed and disaggregated. Our procurement experts partnered with them to solve challenges around cost, suppliers and supply chain risk exposure.<\/p>\n<ul class=\"ul1\">\n<li class=\"li1\">Outcome 1: Deployed a procurement team that completed 44 projects delivering \u00a32m annual savings within the first 9 months<\/li>\n<li class=\"li1\">Outcome 2: Reduced invoice volumes by 35%<\/li>\n<li class=\"li1\">Outcome 3: Reduced UK supplier volume by 28%<\/li>\n<\/ul>\n        <\/div>\n            <\/div>\n<\/section>\n\n\n<section\n    class=\"wp-block-banner edwp-block layout--spacing-y bg--secondary wp-block-banner--content-right\"\n    >\n    <div class=\"container wp-block-banner__container\">\n        <div class=\"edwp-component edwp-fade-in wp-block-banner__content\">\n            <h2 class=\"wp-component-heading wp-component-content__title text--h1\">\n    The challenge<\/h2>                <div class=\"wp-component-content__content wp-component-content__content--cols-1 wysiwyg\">\n                            <div class=\"wp-component-content__column\">\n                    <p>Our client\u2019s strong acquisition strategy had enabled them to operate with the scale and coverage of a leading accounting firm, whilst retaining a local presence. However, acquiring 60 small firms inevitably led to myriad supply chain and cost challenges for our client. They engaged our teams to develop and manage a procurement service that would unlock value and deliver savings, enhance EBITDA performance by successful management of global expenditure, support top-line growth through early market insight and sourcing, and manage reputational and financial risk across the supply chain through implementing standard procurement policy, technology and governance procedures.<\/p>\n                <\/div>\n                    <\/div>\n                    <\/div>            <\/div>\n<\/section>\n\n\n<section\n    class=\"wp-block-banner edwp-block layout--none bg--secondary wp-block-banner--content-right\"\n    >\n    <div class=\"container wp-block-banner__container\">\n        <div class=\"edwp-component edwp-fade-in wp-block-banner__content\">\n            <h2 class=\"wp-component-heading wp-component-content__title text--h1\">\n    The approach<\/h2>                <div class=\"wp-component-content__content wp-component-content__content--cols-1 wysiwyg\">\n                            <div class=\"wp-component-content__column\">\n                    <p>In order to solve for this complex challenge, we first set-up a team of category experts to provide a new procurement service and deliver savings. Next, as part of a transformation program, we evaluated maturity and recommended improvements to increase the perception and value of procurement. We quickly created a self-funded program allowing further investment.<\/p>\n<p>Our procurement experts followed a four-phased approach for the\u00a0<a href=\"https:\/\/elixirr.com\/en-us\/services\/procurement\/procurement-transformation\/\">transformation<\/a>:<\/p>\n<p><strong>Design:<\/strong>\u00a0This first phase involved stakeholder interviews, risk and process mapping to really understand the issue and its painpoints. We conducted a maturity assessment which included an in-depth analysis of spend and existing processes and policies. This enabled us to design a procurement\u00a0target operating model and roadmap which would guide our client through the transformation journey.<\/p>\n<p><strong>Build:<\/strong>\u00a0We rapidly built and delivered processes, polices and digital capabilities to provide our client with a best-in-market brand-new procurement function. This involved a multi-level communication strategy and virtual roadshows to ensure the changes would be successfully embedded across the business. Additionally, we collaborated with key functions like compliance, IT and finance to ensure the integration of\u00a0<a href=\"https:\/\/elixirr.com\/en-us\/services\/procurement\/procurement-process\/\">procurement processes<\/a>\u00a0organization-wide.<\/p>\n<p><strong>Deliver:<\/strong>\u00a0In order to operate the in-house procurement function, we established a program of continuous improvement to drive further enhancements. We established bespoke reporting dashboards to track compliance and report benefits. Further, pervious supply chain risks are now effectively managed.<\/p>\n<p>Procurement is now a leading function for our client, capable of delivering greater value, savings, reduced operating costs, mitigated risk and leveraged supplier innovations.<\/p>\n                <\/div>\n                    <\/div>\n                    <\/div>            <\/div>\n<\/section>\n\n\n<section\n    class=\"wp-block-banner edwp-block layout--spacing-y bg--secondary wp-block-banner--content-right\"\n    >\n    <div class=\"container wp-block-banner__container\">\n        <div class=\"edwp-component edwp-fade-in wp-block-banner__content\">\n            <h2 class=\"wp-component-heading wp-component-content__title text--h1\">\n    The value delivered<\/h2>                <div class=\"wp-component-content__content wp-component-content__content--cols-1 wysiwyg\">\n                            <div class=\"wp-component-content__column\">\n                    <p>We set out to create a procurement service that would improve EBITDA performance across the group, whilst also improving risk management, compliance and social impact within the supply chain. Together, we successfully achieved this within the first 9 months, driving significant financial and non-financial benefits and creating a significant change in procurement.<\/p>\n                <\/div>\n                    <\/div>\n                    <\/div>            <\/div>\n<\/section>\n\n\n<section\n    class=\"wp-block-testimonials-block edwp-block layout--spacing-y bg--none\"\n    >\n    <div class=\"wp-block-testimonials-block__container\">\n                <div class=\"wp-block-testimonials-block__content-wrapper\">\n                            <div class=\"wp-block-testimonials-block__testimonials-wrapper\">\n                <div class=\"wp-component-testimonials wp-block-testimonials-block__testimonials\">\n        <div class=\"swiper-wrapper wp-component-testimonials__swiper-wrapper\">\n                            <div class=\"swiper-slide wp-component-testimonials__slide js-wp-component-testimonials-slide\">\n                        <div class=\"wp-component-testimonial \">\n        <p class=\"wp-component-testimonial__quote\">\n            <svg class='edwp-icon edwp-icon--lrg js-icon wp-component-testimonial__quote-icon wp-component-testimonial__quote-icon-start' aria-hidden='true'>\n                <use xlink:href='#quote'><\/use>\n            <\/svg>I\u2019m delighted with the work that Elixirr have done to create and manage an excellent procurement service which is now a well-integrated part of our business. This is not only delivering exceptional savings but also driving a number of projects which support our wider strategy and transformation program to help drive our future growth.<svg class='edwp-icon edwp-icon--lrg js-icon wp-component-testimonial__quote-icon wp-component-testimonial__quote-icon-end' aria-hidden='true'>\n                <use xlink:href='#quote'><\/use>\n            <\/svg>        <\/p>\n                    <div class=\"wp-component-testimonial__cite\">\n                CEO, accounting and financial advisory firm            <\/div>\n                    <\/div>\n                <\/div>\n                    <\/div>\n            <\/div>\n            <\/div>\n                <\/div>\n            <\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":55123,"template":"","related_service":[51],"related_industry":[42],"class_list":["post-2054","case_study","type-case_study","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Accounting and financial advisory firm: establishing a procurement function - Elixirr<\/title>\n<meta name=\"description\" content=\"Elixirr helped a fast-growing advisory firm build its procurement function from the ground up \u2014 cutting costs, tightening supplier control and strengthening governance\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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srcset=\"https:\/\/www.elixirr.com\/en-us\/wp-content\/uploads\/sites\/2\/2025\/10\/Untitled-design-15-1.jpg 820w, https:\/\/www.elixirr.com\/en-us\/wp-content\/uploads\/sites\/2\/2025\/10\/Untitled-design-15-1-300x180.jpg 300w, https:\/\/www.elixirr.com\/en-us\/wp-content\/uploads\/sites\/2\/2025\/10\/Untitled-design-15-1-768x461.jpg 768w, https:\/\/www.elixirr.com\/en-us\/wp-content\/uploads\/sites\/2\/2025\/10\/Untitled-design-15-1-87x52.jpg 87w, https:\/\/www.elixirr.com\/en-us\/wp-content\/uploads\/sites\/2\/2025\/10\/Untitled-design-15-1-319x191.jpg 319w, https:\/\/www.elixirr.com\/en-us\/wp-content\/uploads\/sites\/2\/2025\/10\/Untitled-design-15-1-479x287.jpg 479w, https:\/\/www.elixirr.com\/en-us\/wp-content\/uploads\/sites\/2\/2025\/10\/Untitled-design-15-1-567x340.jpg 567w, https:\/\/www.elixirr.com\/en-us\/wp-content\/uploads\/sites\/2\/2025\/10\/Untitled-design-15-1-767x460.jpg 767w\" sizes=\"(max-width: 820px) 100vw, 820px\" \/>            <div class=\"wp-component-card__preview-icon\">\n                <span class='edwp-svg '><svg width=\"47\" height=\"47\" viewBox=\"0 0 47 47\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g>\n<path d=\"M23.4141 0.539062C36.1232 0.539183 46.4258 10.8416 46.4258 23.5508C46.4257 36.2599 36.1231 46.5624 23.4141 46.5625C10.7049 46.5625 0.402465 36.2599 0.402344 23.5508C0.402344 10.8415 10.7048 0.539062 23.4141 0.539062ZM23.4141 1.68945C11.3606 1.68945 1.55273 11.4974 1.55273 23.5508C1.55286 35.6041 11.3607 45.4111 23.4141 45.4111C35.4673 45.411 45.2743 35.604 45.2744 23.5508C45.2744 11.4974 35.4674 1.68957 23.4141 1.68945Z\" fill=\"currentColor\"\/>\n<path d=\"M19.2841 33.6992C18.9579 33.6986 18.6374 33.6111 18.3543 33.4454C17.7167 33.0759 17.3203 32.3585 17.3203 31.5797V15.8189C17.3203 15.0379 17.7167 14.3227 18.3543 13.9531C18.6442 13.7827 18.9735 13.6951 19.3078 13.6994C19.6421 13.7037 19.9692 13.7998 20.2548 13.9776L33.4237 22.0406C33.6981 22.2166 33.9244 22.461 34.0812 22.751C34.238 23.0409 34.3203 23.3668 34.3203 23.6982C34.3203 24.0295 34.238 24.3555 34.0812 24.6454C33.9244 24.9353 33.6981 25.1798 33.4237 25.3558L20.2527 33.421C19.9604 33.6017 19.6256 33.6979 19.2841 33.6992Z\" fill=\"currentColor\"\/>\n<\/g>\n<\/svg>\n<\/span>            <\/div>\n                        <\/figure>\n        <div class=\"wp-component-card__content edwp-row-load\">\n                                    <p class=\"wp-component-card__eyebrow\">\n                Procurement            <\/p>\n                <a href='https:\/\/www.elixirr.com\/en-us\/case-studies\/accounting-and-financial-advisory-firm-establishing-a-procurement-function\/' class='wp-component-card__title'>\n            <h2>\n                Accounting and financial advisory firm: establishing a procurement function\n            <\/h2>\n        <\/a>                                                            <div class=\"wp-component-card__meta\">\n                                            <p class=\"wp-component-card__date\">\n                            02 November 2023                        <\/p>\n                                                                <div class=\"wp-component-card__terms\">\n                                                                                                                                                                                                                <div class=\"wp-component-tags edwp-component\">\n                        <div class=\"wp-component-tags__tag\">\n                Financial Services            <\/div>\n                                <div class=\"wp-component-tags__tag\">\n                Procurement            <\/div>\n                <\/div>\n                        <\/div>\n                                    <\/div>\n                                                    <div class=\"wp-component-card__button-wrapper\">\n                    <button class=\"btn btn--link arrow wp-component-card__button\">\n                                                                            Read more                                                                            <span class='edwp-svg '><svg width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g id=\"Lg\">\n<path id=\"Vector\" d=\"M1.12509 9.50162H15.8648L9.43259 3.06941C9.374 3.0113 9.3275 2.94216 9.29576 2.86599C9.26403 2.78981 9.24769 2.70811 9.24769 2.62559C9.24769 2.54307 9.26403 2.46137 9.29576 2.38519C9.3275 2.30902 9.374 2.23988 9.43259 2.18177C9.54971 2.06535 9.70814 2 9.87328 2C10.0384 2 10.1969 2.06535 10.314 2.18177L17.8151 9.6829C17.8737 9.74101 17.9202 9.81014 17.9519 9.88632C17.9837 9.96249 18 10.0442 18 10.1267C18 10.2092 17.9837 10.2909 17.9519 10.3671C17.9202 10.4433 17.8737 10.5124 17.8151 10.5705L10.314 18.0717C10.1975 18.1871 10.0404 18.2522 9.87641 18.2529C9.79414 18.2534 9.71259 18.2376 9.63643 18.2065C9.56027 18.1754 9.491 18.1296 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