The Client: One of the world’s oldest and largest financial services company asked Chase Cost Management to analyze the legal research contracts for its law and compliance departments.
The Issue: The procurement team was having difficulty in attempting to consolidate the separate legal research contracts for practice groups, particularly as each had different pricing metrics.
The Solution: CCM provided an accurate comparison of the existing vendor contracts, detailing usage and pricing and guided the procurement team in negotiating a comprehensive, uniformly priced company-wide contract at over a half million dollars in savings per year.
CCM experts are on top of every trend in the office supply industry. Product offerings, pricing updates, consolidation of suppliers, product preference and your unique goals are all considered in our initial analysis and benchmark. Using our experience and a client-oriented perspective, CCM works to secure best-in-class pricing and identify cost-saving opportunities within your entire roster of products and services.
CCM’s vast expertise allows us to identify contract inefficiencies and to recommend the most beneficial contractual clauses, thereby protecting clients from industry changes or changes in a client’s own purchasing patterns. CCM global practice offers a strength and weakness analysis for the purpose of global contract optimization, identifying the most practical solutions for global office supply purchasing.
CCM’s proprietary software checks for price compliance to ensure clients are billed accurately by their suppliers. It identifies clients’ purchasing patterns to ensure vendor contracts are implemented efficiently. In the case of errors, CCM will work with a client’s supplier to recover credits issued to the supplier. This monthly audit ensures that CCM clients are receiving the most favorable pricing and utilizing their office supply contracts in the most efficient manner possible.