Case Studies

Top 5 Largest Global Pharmaceutical Company

A large global pharmaceutical manufacturer, with 30 ERP systems and 800,000+ suppliers, struggled with onboarding and compliance issues. With HICX Solutions they were able to centralize and enrich their supplier and spend data, run risk assessments, and ensure compliance. By streamlining their process and gaining visibility, they were able to recover over $1,000,000 in hard dollar savings annually.
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Top 10 Largest Global Pharmaceutical Company

A large global pharmaceutical manufacturer, without automation and consistent supplier add/change processes, struggled with operational inefficiencies, lack of visibility into supplier risk, and poor company image. With HICX Solutions they were able automate their supplier add/change process, open the requesting to the whole business, assess supplier risk upfront, and ensure compliance requirements were met. After only 4 weeks, they were able to reduce duplicates, shorten the onboarding time by 80%, and recover over $200,000 in hard dollar savings.
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Top 10 Largest European Energy Provider

A large European energy provider, with 10 ERP systems and 50,000+ suppliers, struggled with rationalizing their supplier master, causing redundant efforts and a lack of visibility. With HICX Solutions they were able to centralize their supplier master, enrich their data, ensure compliance, and syndicate supplier information to the appropriate system as needed. By employing standard onboarding processes from a single point, they were able to recover over $165,000 in hard dollar savings, and identify an estimated $2,300,000 in sourcing savings.
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Top 10 Largest European Financial Institution

A large European financial institution, with heavy manual onboarding needs, struggled with consistency and allocation of internal resources. With HICX Solutions they were able to outsource the transactional processes in the collection and maintenance of supplier information and documentation. By outsourcing these processes, they were able to recover over $220,000 in hard dollar savings, reduce onboarding time by 18 days, and ensure compliance standards were met.
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Top 10 Largest Asian High-Tech Manufacturer

A large Asian hi-tech manufacturer, with an average of 10 direct supply chain disruptions per year, struggled with gaining visibility into supply chain risk. With HICX Solutions they were able automate the scorecarding of critical suppliers and ensure risk mitigation plans were enacted upon early detection of potential risk. By gaining visibility into their critical risk areas, they were able to reduce supply disruptions by an estimated 60%, saving over $600,000 in supply chain disruption costs and potential revenue loss.
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Top 15 Largest Global Consulting Firm

A large global consulting firm, with 14,000 suppliers spread across the globe, struggled with redundancy of efforts, lack of onboarding compliance, and an inability to streamline supplier risk assessments. With HICX Solutions they were able to streamline the onboarding process globally, identify risk segmentation upon supplier enablement, and automate the risk process. By automating their processes, they improved their onboarding compliance, gained risk visibility, and recovered over $2,500,000 in soft-dollar savings annually.
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