4C Associates, a leading European procurement consultancy specialising in cost reduction and transformation has launched “Insight-As-A-Service”, a range of software modules, collectively the 4C Analytics platform, to address procurement and cost management issues. Insight-As-A-Service is a new line of business for 4C Associates, that is gaining traction with new and existing clients.
The new 4C Analytics platform combines the knowledge of procurement and subject matter experts with cutting-edge data analytics technology. A light touch integration process ensures businesses can quickly collate, visualise and action insights.
Steve Harrison, Chief Technology Officer at 4C Associates, said: “Our clients all have significant investments in procurement technology, however it is our understanding of the problem domain and nimble approach to deployment that is encouraging them to engage 4C technology in order to gain greater insight into their spend and to identify opportunities to manage cost more effectively.”
Insight-As-A-Service” consists of several focused solutions helping businesses to address their emerging needs as they develop their digital procurement strategies.
4Spend is an application that uses machine learning, semantic analysis and associative rules to analyse 3rd party spend data and generate savings opportunities. It provides our clients with access to the expertise of over 100 SMEs to develop category and savings projects.
Our retail clients use the 4Margin application to rapidly identify low margin products in their range and produce negotiation packs that identify the most appropriate levers to improve margin.
4Risk is another application that not only connects to credit and ratings providers such as DNB, Achilles and Experian to profile suppliers, but also integrates CSR policies & supplier code of conduct to enable procurement to become the owner of third party risk within their organisation.
“At 4C Associates, we have adopted systems and developed ways of working that manage data security and GDPR requirements and are proud to have signed the Bank of England, Wilko, Aldermore Bank and a PE group with $70Bn of assets under management in the first few months of operation.”, says Steve Harrison.
“In addition, 4C Associates provide analytics consulting services to our clients. Currently, we are helping one of the Oil & Gas supermajors to wrestle control over their contingent labour reporting. We are also helping a CAC40 food company with overhead allocation and reporting across the business.”
4C Associates are proudly sponsoring the Data, Intelligence and Technology Forum 2018 on 27th-28th November in London, introducing this innovative procurement technology tool to senior procurement leaders. This two-day event hosted by Procurement Leaders is focused on improving organisations’ end-to-end digital strategy with an emphasis on the tools, talent and skills required to most effectively leverage data and technology.
For more information please contact Steve Harrison at firstname.lastname@example.org
About 4C Associates
4C Associates is a dynamic, fast-growing and diverse procurement consultancy. Our international presence, combined with our fresh approach and deep expertise in providing tailored solutions enables our clients to meet their strategic goals, ranging from rapid profit improvement to long term business transformation. We have over 18 years’ of experience working across multiple industries and geographies with clients ranging from medium sized enterprises to global 500 corporations. Our core focus on consultancy, cost reduction and managed services is strongly reinforced by our Insight-As-A-Service capability. This 4C proprietary technology automates data analysis through AI and machine learning tools, and allows our in-house specialists to deliver increased value more quickly for our clients. We are innovative in our approach and always bring genuinely new insight and thought leadership to every engagement.