Multinational Investment Bank

Effectively streamlining global publications and subscriptions for this leading investment bank.

Results overview


$3.9 million in
first year savings


$300,000 annual subscription savings
in with the bank’s biggest vendor


$2.8 million first
year cost avoidance


A US-based multinational investment bank was struggling to manage its subscriptions to hundreds of different publications across the globe. There was lack of compliance oversight and cost was spiraling out of control. Williams Lea has a well-established relationship with the bank and was approached to find a solution.


The bank was spending $6.2 million on subscriptions across 329 different vendors, and they wanted to reduce spend and consolidate providers. There was a lack of visibility on subscription usage and user logins were being shared between multiple employees, creating potential contract breaches.


Williams Lea’s team of experts put together a comprehensive solution with a focus on process workflow, contract negotiation and invoice management. A detailed audit process was established to track subscription usage and identify savings. Single sign-on was launched to eliminate multiple users sharing one login, thus eradicating compliance breaches. Today, a centrally managed team supports all subscriptions relationships. The team negotiates rates with vendors based on active users and produces regular reports on savings, expenses and budget/forecasting. In the first year, our team saved the bank $3.9 million, including contract value savings of $1.1 million and cost avoidance of $2.8 million and continues delivering savings annually.

Relevant Services

How we help

  • Access global support capabilities

    Providing 24/7, follow-the-sun support that delivers consistent, uninterrupted service

  • Improve team productivity

    Boosting productivity using workflows and performance analytics

  • Improve speed to market

    Meeting demand through optimized start-up, production and turnaround


Feb 03, 2023

Global Insights

A look ahead: Law firms begin navigating a year of uncertainty

Is 2023 likely to bring significant change in the legal industry? This was the burning question at the 13th Annual…

Feb 01, 2023

Global Insights

What role does outsourcing play in today’s UK law firm?

At the Alternative Legal Management Summit, the last major UK legal management conference of 2022, Managing Partners, CEOs, CFOs and…

Jan 24, 2023

Global Insights

Technology can improve business processes, but people determine their success

A hallmark of successful businesses is that they are always innovating and improving the way they work. Streamlining processes, adopting…

Ready to transform your operations?

Contact us