Case Study: Global 500 Financial Institution achieves centralized control and faster SOW payments with Beeline

Financial Institution Manages Services Procurement

Global 500 Financial Institution relied heavily on consultants and SOW-based project resources but lacked a technical solution to create and manage SOW engagements, track milestones, onboard/offboard resources, and measure supplier performance. Manual processes caused delayed payments, productivity gaps and reliance on supplier-generated reports that favored suppliers. After Beeline’s success optimizing their contingent staffing program, the Global 500 Financial Institution engaged Beeline to expand Beeline VMS with Beeline’s Services Procurement solution.

Beeline implemented its Services Procurement solution to automate SOW and project tracking, ensure prompt payments, eliminate manual spreadsheets, and provide centralized reporting of spend by project, manager and location. As a result, the client now manages all contingent staffing and services procurement engagements — 3,500 workers and more than 40 suppliers — through one technology, suppliers are paid earlier with greater transparency, and the organization plans to expand Beeline’s Services Procurement solution globally.