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SEB IT Purchasing Success Story

Case study summary how SEB Baltics have enjoyed 15 years of successful collaboration in 3 countries with Markit and saved an average of 9% per annum (2013-2018) on their IT purchasing requirements.

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SEB IT Purchasing Success Story

  1. 1. KEY IMPACTS PARTNERSHIP AVERAGE 9% SAVINGS ON PRODUCT PRICES (2013-2018). CUSTOMISED, DETAILED AND HIGHLY CONFIGURABLE SPEND VISIBILITY & SAVING REPORTS. BUFFER STOCKING FOR 24-HOUR DELIVERY OF SPECIALLY CONFIGURED HARDWARE. MAJORITY OF ORDERS DELIVERED IN 1-2 DAYS. • Centralised IT purchasing. One platform for Baltics. • Special vendor prices for high volume categories and brands • Customised catalogue of 500,000+ IT devices and accessories • Periodic credit limit reviews and upgrades • RMAs handled in 8 days (average) ONGOING GOALS & REQUIREMENTS • Reduce costs of products purchased • Reduce time spent on purchasing processes • Increase insights into purchasing patterns • Improve data visualisation and cost awareness • Total automation for optimal workflow • Optimise transparency of supplier information and pricing • Identify best fit IT devices and accessories to serve end users SEB SITUATION 2004-2019 SEB and Markit have been working together to reduce SEB’s total cost of IT purchasing since 2004. €6.5M spend across 6000+ product lines (2014-9). SEB renewed contract with improved terms in 2019. SEB IS LIKE PART OF THE FAMILY We’ve been working with SEB Baltics for so long (it’s hard to believe it’s 15 years already) that it’s gone way beyond the traditional client/supplier relationship. So many opportunities have been identified and executed to help SEB succeed in optimising their IT purchasing strategies. The level of trust and mutual respect that has been built up is really, quite incredible. People do business with people they like and trust, and that’s certainly the case with the smart and friendly teams at Markit and SEB. Mindaugas Mickus Country Manager at Markit Lithuania SEB SUCCESS STORY Markit and SEB Baltics enjoy 15 years of successful collaboration in 3 countries FINANCIAL SERVICES IN 9 COUNTRIES WITH 15,000 EMPLOYEES SEBGROUP.COM
  2. 2. WWW.MARKIT.EU 2019 SEB is a leading Nordic financial services group, founded in 1856. They hold a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB help their clients achieve their aspirations and succeed through good times and bad. SEB’s core values are customers first, commitment, collaboration and simplicity. THE VALUE TO SEB LET’S TALK COMPLIANT PROCUREMENT SAVINGS Markit’s ongoing commitment to transparency through its open margin policy and quarterly savings reports allows me to easily identify and report the financial value of our partnership. It’s also important that our suppliers adhere to our purchasing compliance strategy and processes. Markit does. These factors certainly influenced our decision to renew our contract in 2019. Māris Modriņš Head of Baltic IT Procurement SIMPLICITY When we need to customise the IT catalogue, management reporting dashboards, re-define user roles or set limits for various end users it is all straightforward. The simplicity of Markit’s solution makes it easy for me to make the case internally, plan ahead and distribute tasks to my team. In addition, I value the assistance Markit provides in developing successful third-party collaborations with various vendors. Darius Likas Head of Workplace Department SPEED & FLEXIBILITY In order to provide the best possible service to our internal users in our onsite support and helpdesk teams I need to be able quickly and efficiently implement our IT strategy. Markit’s high level of automation helps our appointed buyers spend the minimum time possible on actual purchasing tasks, so I have more time to focus on strategic activities and working with Markit to identify new products and vendors for future consideration. Andris Korčagins IT Service Delivery Manager Let us help you succeed. Streamline your IT purchasing process and reduce your total cost of purchase. Contact Margus Vahemäe Head of Sales at Markit Phone: +372 666 9905 E-mail: Contact Mindaugas Mickus Country Manager at Markit Lithuania Phone: +370 610 07073 E-mail: TAKE THE CHASING OUT OF IT PURCHASING ABOUT MARKIT Markit is helping IT buyers save time and money by making IT purchasing simple and transparent. Since 2003, thousands of international companies, including 20% of the Forbes Global 2000, have been using the Markit online IT purchasing solution to manage, centralise and streamline their IT purchasing and reduce the Total Cost of Purchase for their IT hardware and device requirements.