CPS 230 | Are you meeting APRA’s proactive transition expectations in 2024?
Procurement Advisory & Delivery
We work collaboratively with procurement teams to reduce risk and costs to their business through targeted initiatives and technology uplifts. Our team of highly experienced practitioners can drive value across the entire value chain – from establishing strategy and the business case for change though to implementation and delivery of sustainable value realisation and improvements.
The Challenge of Procurement
The current state of procurement is one of constant change whilst balancing business priorities, regulatory changes, new technologies and the need to ‘do more with less’.
Leading organisations are able to adapt and turn complexity into a distinct competitive advantage. Our approach to leading a typical procurement transformation programs can be summarised in 5-steps: Create Baseline Metrics, Develop Business Case, Prioritise Work Packages, Establish Ongoing Reporting Framework and Quarterly Business Review Process.
We define, report and manage Critical Success Factors (CSFs) throughout the entire lifecycle as shown below.
Service Offerings
Procurement Diagnostics
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Structured review of current process pain-points, benchmark data and alignment to leading practice solutions
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Prioritised opportunities for improvement aligned to value levers and projected benefits
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Extended program planning of workstreams to maximise value
Safeguarding & Assurance
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Injection of leading program transformation specialists to underpin program delivery and maximise quality
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Ability to re-align program to business case and establish realistic and tangible delivery plans
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Quality assurance services to provide a guard-rail for delivery teams and enhance value
Systems Implementation & Integration
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Solution design and delivery of programs across the Source-2-Pay (S2P) value chain to digitise processes, drive compliance and efficiency
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Alignment of technical delivery with business transformation factors including operating model updates, policy and procedure updates and change management
Regulatory & Risk Management
Digitisation and alignment of regulatory changes across the procurement landscape, for example:
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CPS230 for APRA-regulated entities
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The Security of Critical Infrastructure Act 2018 (the SOCI Act)
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The Modern Slavery Act 2018 for large organisations
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Payment Times Reporting Act 2020
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Sustainable Procurement approaches across S2P
Value Realisation & Optimisation
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Review of current landscape and investment to connect strategic goals and priorities to tangible results – combining people, process, technology and data to drive value
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Implementation reviews, updates and improvements after go-live.
Supplier Digitisation & Enablement
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End-to-end digitisation and value realisation is dependent on suppliers connecting their own processes and systems to close the loop – we can help!
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Supplier focused strategies, initiatives and support to methodically enable the supplier community alongside transformation programs beyond the buyers 4-walls
How can we help?
Let us know how we can help you achieve your procurement outcomes
Mat Theobald
Mat has more than 15 years’ experience delivering procurement related programs across banking, utilities, mining, oil & gas, public sector and retail. Mat has a strong project delivery background from planning and business case through execution and optimisation. Mat is a trusted advisor to many of the largest organisations across Australia and New Zealand.
Head of Procurement Services - ANZ
Vincent Teyssier
Vincent has more than 15 years’ experience in technology, digital transformation and procurement technologies. He has led some of the largest S2P implementation program, operations and continuous improvement and possess strong M&A experience across SEA. Recognised as a thought leader, his focus is to transform procurement into a best in class function.