The client, a media company, had a significant contractor workforce across a variety of business functions
The company faced missed cost savings opportunities due to little visibility into provider mark-ups and no automated way to compete positions among firms
Accounts payable manually processed over 6,000 paper invoices related to contract and temporary labor and no program level reporting was available.
Potential inconsistent application of independent contractor criteria and manual tracking of contractor end dates and related off-boarding processes resulted in an increased risk profile
How We Helped
Axiom analyzed the clients spend and identified the savings opportunity
Developed the sourcing strategy and secured stakeholder alignment
Completed an RFP among six providers and identified the provider with the most robust solution and ability to drive costs out of the system.
Coordinated stakeholder support across multiple areas of the organization including Finance, Accounting, Broadcasting, and IT
Value Delivered
Delivered annual cost savings in excess of 18%
Improved invoice processing efficiencies resulting in potential headcount savings of 2 – 3 FTE’s
Reduced risk of co-employment through more consistent application IRS and ERISA guidelines
