Advertising services are opaque and hard to compare — in other words, just the type of challenge we thrive on. Our innovative category schema and subsequent insights yielded 20% savings as well as ongoing visibility.
They Thought They Didn't Rate...They Were Wrong.Since there were only three credit information bureaus (and having the information was so critical) our client thought they had no leverage to reduce what they were paying. Opera generated alternate purchasing scenarios that, when the bureaus saw them, rated our client savings of about 15%.
Deeper Spend Visiblity Yields Broader SavingsA consultant to the healthcare industry needed to find ways to save their client $50MM over three years. Opera's Vektor Spend Intelligence services yielded significant savings that far exceeded the goal.
The Road Best Traveled.Our client was being driven to distraction looking for savings along their 1,000+ European trucking routes. Even a sealed-bid auction saved just 1%. But when Opera ran 11 eAuctions, we drove down costs 12%. When we moved on to supplier renegotiations, we added another 29%.
The Squeaky Microprocessor Gets the Grease.It pays to speak up, because even in the middle of a contract there's a way to get better performance for less. That's what our client found out when Opera reverse-engineered their IT management vendor's economics and renegotiated terms. They also found a positive savings impact of $585MM.
Armed with decades of experience, Opera's supply chain management experts use world-class techniques to gather, cleanse, and normalize spend data. But that's not all, Opera goes even further with our in-depth domain knowledge and detailed drill downs into invoice line-item spend data, which fleshes out all of the opportunities for your business.
Marketing and Advertising: Finding Savings Opportunities in Agency SpendThe cost of advertising goes far beyond what's spent on media. Today, analytic techniques can identify savings opportunities in marketing outlays ranging from staffing to materials purchases.
Procurement Optimization: Increasing Visibility and Maximizing SavingsOpera's Insight Cube technology provides granular information on spending right down to the invoice level — information most companies never have had in such accurate, actionable detail.
Supply Chain: Improving Performance in Pricing, Planning, and Sourcing (UK)In this opinion paper, Nigel Issa, who leads Opera's European Supply Chain Solutions group, details why supply chain teams need to seek an advanced analytics capability to create P&L-impacting visibility into their operations.
Procurement Optimization: Achieving Rapid Results for New CFOsFor new CFOs, the first 100 days can define the rest of their tenure. Opera can help CFOs get started on the right foot by focusing on two key drivers of tangible profit improvement.
Supply Chain: Making Mergers WorkWith approximately half of all mergers failing to break their forecasted savings and revenue increases, Opera has been able to place laser-sharp focus on two elements that can bring in the right kinds of cash flows
More About BIQ™BIQ was developed to make the analysis of large, complex data sets easier for business users. With just a couple of clicks, BIQ has made slicing and dicing massive data sets a reality.