Financial services giant Absa has extended its net of preferred business partners to include business intelligence giant SAS Institute as its BI partner, with the signing of a global sourcing agreement between the two companies.
The agreement forms part of the Absa's goal to formalise sourcing and procurement procedures across industries, and this announcement bears particular relevance to the sourcing of business intelligence software and services, and SAS as BI partner of choice. This will in turn enable the company to better manage expenditure across divisions, as well as put it into a position where it can negotiate better rates from suppliers as it leverages the use of these across both the Absa and Barclays groups.
"As a company which itself is embracing globalisation, it is our intention at Absa to, where possible, sign sourcing agreements with vendors and suppliers across all disciplines of our business," says Ian Russell, chief procurement officer at Absa. "The new sourcing strategy enables us to negotiate premium discounts and service from our suppliers, while also providing them with a level of commitment from us for ongoing and annuity business, which they have not been afforded in the past."
SAS is currently utilised within a number of divisions at Absa and provides comprehensive BI solutions to the likes of Absa Information Management, Group Credit, and Group Finance, amongst others.