Our Clients
Throughout the world, MyBiz Solutions builds relationships with local, regional and international partners and clients.
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Our end-game is a complete set of strategic procurement capabilities at CIMB to enable spend optimisation
CIMB Group CEO
Tengku Dato’ Zafrul
Introduction
CIMB Group Holdings Berhad, headquartered in Kuala Lumpur, has a wide retail branch network with 1,080 branches across the region. The group has over 40,000 employees located in 18 countries, covering ASEAN and major global financial centers, as well as countries in which its customers have significant business and investment dealings
Challenges
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No consolidated view of spend
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Limited cost control capability
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No spend monitoring
Results
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Spend under management in 2016 was RM492 million – it increased to RM1.13 billion in 2017
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Cost-Income Ratio reduction from 59.1% (March 2015) to 51.8% (April 2018)
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Cumulative procurement savings of RM600 million in just 3.5 years
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ROI period of less than a year from savings through eAuction
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In 2018, they received from the Chartered Institute of Procurement & Supply (CIPS), three awards including Overall Winner for CIPS Asia and Best Process Improvement Initiative for CIPS Australasia and CIPS Asia.
Large business groups operating across multiple domains typically have unique challenges that relate
to their individual markets, as well as in integration of business groups to ensure maximum growth
and profitability. Procurement is one of these areas where organizational structure, people and the IT
platform all needs to work together to form a cohesive unit to fully achieve business goals.
Sime Darby’s collaboration with MyBiz Solutions led to the creation of a 3-pronged approach that was
very effective in tackling its procurement challenges and ensuring growth in the years to come
Commentary
Frost & Sullivan
Introduction
Sime Darby is a diversified multinational corporation with businesses in key growth sectors, namely, plantation, industrial equipment, motors, property, and energy & utilities with operations in 26 countries and 4 territories.
Challenges
Procurement in Sime Darby has faced numerous challenges, impacting its ability to contribute. Sime Darby did not have a common electronic platform that would help facilitate its procurement activities. There was a drastic scarcity in procurement talent & skills and procurement professionals across the Group lacked the support and emphasis on strategic procurement.
Results
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Reported savings of over USD15.8 Million in FY2014 and over USD21 Million in FY2015.
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Tender process time reduced from months to weeks.
The solutions provided by MyBiz on procurement spend management services cover all key aspects of the procurement, spending, selling and bidding cycle. Its unique value proposition lies in its visionary management team, best practices in employee management & retention, and in the quality of its solutions for diverse verticals such as banking and oil & gas.
Commentary
Frost & Sullivan
Introduction
Maybank is the largest bank in Malaysia and a leading financial group in Southeast Asia with strong regional presence across 19 countries, over 2,200 offices and a direct global workforce of 46,000 employees. The bank has a wide portfolio of financial services across retail, corporate and wholesale banking.
Challenges
Procurement systems in Maybank are fairly fragmented which did not provide central management, visibility, automation, and standardization across the company. Disparate contract templates and policies also led to issues in compliance and process efficiencies.
Results
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Tighter control over spend against budget with 90% of procurement orders issued using procurement catalogue
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Comprehensive and detailed view of spend, resulting in targeted and achievable cost savings observed general savings
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ROI period of less than a year from savings through eAuction
Our experience with other industry leaders
