Technicolor selects SpendHQ solution to drive business, increase transparency, and collaboration in Procurement
Technicolor SA is a French company specializing in the design and manufacture of digital video and imaging systems for media professionals. They provide products for film producers and television channels, as well as network operators and other content distributors. Technicolor unites industry-leading artistry with cutting-edge technology and innovation to unleash extraordinary experiences for audiences everywhere.
At the time of this case study: The group was on track to achieve the €115 million cost savings for 2021, with €42 million in cost savings realized in the first half. The organization was also set to deliver a cumulative €325 million in savings by the end of 2022.
From full suite to an evolving digital strategy
For many years, digitalization has been one of the major levers at Technicolor that contributes to the operational excellence of the group. The procurement department has a long history of using purchasing tools, including the deployment of large traditional suites over the last ten years among other dedicated solutions. The digital landscape is facing a real revolution, with new players shaking up market sectors. With so many more options available for modern procurement teams, Technicolor recently decided to rethink the foundations of its digital strategy, particularly around Source To Contract (S2C).
Full suites occasionally show their limitations, especially with regards to modules that are sometimes insufficient in terms of performance and user experience.
For these reasons, Technicolor’s Group Sourcing Director, Cédric Le Savéant, and the team adopted a best-of-breed approach to upgrade their S2C tools. He said: “For Technicolor Group, the key dimension of strategic sourcing is now project management. The second major axis of our digital strategy is user experience – which is fundamental to guarantee adoption and ensure scalability.”
What Technicolor says about SpendHQ
“The Procurement Performance Management Solution is the backbone of our digital roadmap. Through its reporting, collaboration, and visibility capabilities, [it] is the perfect solution for Technicolor Purchasing Department.” – VP Group Sourcing & Procurement, Technicolor
Fitting the needs of Procurement pros
After a project phase of less than 4 weeks, the SpendHQ platform replaced the initial tool for performance management and savings tracking, while being linked with the other tools already in place.
Said Cédric Le Savéant: “It is the ‘backbone’ that will guarantee both flexibility and scalability we are looking for in the purchasing tools that support us.”
Today, the solution’s objectives are to allow purchasing to access all information, to engage with all internal customers, and also to consolidate essential data, synthesize it and then present it to decision-makers. It is through its reporting, collaboration, and visibility capabilities on procurement performance that SpendHQ has become this customer’s reference solution.
“Compared to other projects, this was done very naturally and simply. The quality of every interaction and ease of communication, in addition to real procurement expertise from the team allowed us all to save time and energy and to create trust.”
Editor’s note: SpendHQ’s procurement performance management solution used by this customer was originally named Per Angusta, with the renaming following Per Angusta’s merger with SpendHQ in July 2022