In the process of separating from its parent group, this financial services provider wanted to ensure its future independence. To ensure the contractual security required, contracts were systematically reviewed, the need for amendments established, and any necessary supplementary contracts concluded.
Challenge
To achieve sustainable contractual security and reconcilement with changing external circumstances, with close consultation between purchasing and specialist departments as a prerequisite for the future independence of the company
Service
Phase 1: Design
- Identification of the specialist and commercial modifications required
- Prioritisation of measures and specification of the support required
Phase 2: Implementation
- Identification of demerger-relevant contractual issues
- Support for the recording of contractual modifications/new contracts required for maintaining security of provision
- Design of overarching reporting and documentation structures for ensuring projects are completed to plan
Key data
- Duration: 6 months
- Scope of brief: 60 FTE
- Sector: Financial services
- Company size: 14 000 employees
Results
- Assessment of contracts with regards to the commercial and specialist modifications required
- Obtaining of evidence and legal certainty for contractual issues
- Sustainable security of supply via the modification of internal and external contractual content identified as relevant for the demerger, or via the conclusion of new contracts
- Safeguarding capacity to perform in daily operations during and after demerger
- Stabilisation of synergies in specialist functions (e.g. strategic partnerships)
Summary
- Contractual 'stand-alone capacity' of individual group companies secured for the period following exit from the group
