Strategic Resource Management (SRM)
With over 30-years of management consulting experience, Strategic Resource Management (SRM) are experts at supporting clients to significantly reducing their costs with our unique and proven propriety data benchmarking and negotiation expertise. SRM is the UK and Europe’s best kept secret: there’s no one like us, no-one does what we do, and more and more leading organisations are beginning to benefit from SRMs unique services in the supplier contracts space.
What do we do and what can we offer the Credit Union movement?
SRM’s services can be broadly categorised into two areas:
- Supplier Contract Services
We significantly reduce your costs without putting your people at risk. SRM’s initial assessment of whether an opportunity exists comes at no-cost, with no risk.
How do we do it? We work with you to help reduce your major supplier costs through tried and tested methodologies and propriety data built over 30-years across payment schemes, processors, technology and many more. Many organisations only consider renegotiating supplier contracts every 3-7-years, often with new procurement and business teams who understandably have limited knowledge on what the never-ending line-item costs should be, and – importantly – no wider view on what innovation clauses should be to guarantee the best partnership and financial terms with major suppliers. At SRM, we have worked successfully with thousands of Financial Institutions of all sizes (most with repeat engagements) to ensure they are getting an accurate and transparent view of their costs and what suppliers should be committing to, to ensure they secure Industry leading arrangements. It is also worth mentioning that many SMEs also don’t have the power of scale and volume or dedicated large procurement teams (or individuals) dedicated to negotiating the best deals with leading suppliers in the marketplace (like Credit Unions), so SRM can really help level the playing field to enable sustainable growth.
All too often costs paid out to suppliers are unclear at best, or opaque and reactive at worst. At SRM, we can ensure this is corrected and the hidden opportunity is surfaced, delivered, and tracked resulting in the potential for very large sums returned to the bottom line.
- Traditional Advisory Services
With a team of highly experienced management consultants – many of whom have worked in senior positions for leading Banks – SRM delivers strategic and operational Advisory Services that help clients to improve the efficiency and effectiveness of their business, too. This covers (but is not limited to) strategy, target market, team and operations design, business process reengineering and automation.
With its overriding desire to support sustainable growth and success of the Credit Union movement in the UK, ABCUL has chosen to partner with SRM to offer their vast array of services to helping our sector grow, improve and sustain valuable services to your member base. Reach out directly to the SRM team at contactus@srmeurope.com or to our partnership lead, Simon Rose (simonrose@srmeurope.com) to learn how they can help you.