Vestas expands scope of Sirion implementation with additional contracts
SirionLabs, the provider of the next generation supplier management technology, announced that Vestas has expanded the scope of its relationship with SirionLabs by doubling the number of strategic services contracts managed on Sirion.
With this addition, the total spend value of Vestas’ strategic outsourcing contracts managed on Sirion has grown to over EUR 150 million. While Vestas has been managing its IT infrastructure services and application development and maintenance services contracts on Sirion since May 2015, the newly added contracts are related to telecom and integrated End User & service desk services.
Recognizing the increasing complexity in its multi-sourced IT services environment, Vestas decided to move beyond the traditional, manual governance processes. It adopted Sirion’s technology-based supplier governance solution for enhanced visibility and control over the performance of its strategic IT suppliers while minimizing financial value leakage, risk and governance costs in such engagements. Apart from the significant hard Euro savings achieved through Sirion’s comprehensive 3-way invoice validation, the ability to monitor supplier performance at a granular level puts Vestas in complete control of its strategic supplier engagements.
“We implemented Sirion in 2015 to ensure that our internal and external customers received the expected levels of service from IT, ensure that the financial performance of IT contracts is closely monitored and our supplier relationships get strengthened on a foundation of trust and transparency.”, said Henrik Stefansen, Senior Director, Global IT Sourcing at Vestas. “Sirion is helping us meet our supplier governance objectives within our resource and budget limitations. We realized cost savings equating to 300% return on investment in Sirion during the first year as it enabled us to identify discrepancies in our supplier invoices which would otherwise go unnoticed.”
“We are proud of our association with a global industry leader like Vestas. Vestas’ decision to expand the use of Sirion is a key development for us and we believe this reflects Sirion’s success in driving higher value – both in terms of business and financial outcomes – for Vestas in its strategic IT services engagements.” said Ajay Agrawal, CEO, SirionLabs.
Source: Company Press Release