Procurement in Financial Services

Enabling Procurement to Become a Strategic Partner for the Business

As one of the most highly regulated industries, Financial Services requires procurement to operate with precision and accountability. It’s not just about buying well, it’s about supporting business needs, managing suppliers strategically, and ensuring efficiency without compromising compliance or control. At Procurato, we help procurement teams become trusted strategic partners to the business.

Our Approach to Procurement in Financial Services

Procurement’s role in Financial Services should be more than transactional. We enable teams to evolve from tactical buying to strategic sourcing, transforming procurement into a trusted business partner that drives innovation, supports operational resilience, and helps every department achieve its goals. With Procurato, procurement becomes a core enabler of business growth, efficiency, and long-term stability.

At Procurato, our approach begins with data – the foundation of effective decision-making in a complex and highly regulated environment. We usually start by establishing a clear baseline of your spend, suppliers, and contracts, creating the visibility needed to move from tactical activity to strategic initiatives. By cleansing, enriching, and structuring all available data across the business, we enable organisations to identify inefficiencies, manage risk, and prioritise initiatives that deliver measurable value.

But true improvement goes beyond data alone. We help financial services organisations address structural challenges – redefining approach to strategic sourcing by bringing our expertise and market knowledge, strengthening supplier relationship management and supplier base, and embedding effective risk management practices that align with both business objectives and regulatory expectations, helping procurement partner become a strategic partner within an organisation.

Meet our team leading projects in this industry

Marco Marambe

Managing Director

Marco spent 15 years in senior procurement and supply chain roles across FTSE 100 financial services organisations, including Barclays Investment Bank, before founding Procurato. His procurement leadership role at Aspen Insurance Group focused specifically on IT and Professional Services, the two categories that carry the greatest risk and complexity in financial services procurement. Marco brings this first-hand understanding of regulatory pressure, governance and supplier dependency to help clients build procurement functions that are both compliant and genuinely strategic.

Lucia Oravcova

Senior Manager

Lucia is a procurement and insurance specialist with experience managing cross-category procurement across financial services organisations, giving her a close understanding of how regulation and control shape sourcing decisions in this sector. She combines data-driven analysis with experience in risk management and M&A, helping clients build the visibility and structure needed to move from tactical buying to strategic partnership. At Procurato, Lucia helps financial services organisations manage supplier risk and category complexity without compromising compliance.

Our client stories

Why Procurato

At Procurato, we combine real industry expertise with technology that adds value. We speak the same language as your teams, avoiding consultancy complexity, and deliver insights in a clear, practical way.

Agile and adaptable, we stay aligned with your agenda even when challenges arise, always focused on delivering what we promise and leaving behind solutions that last.

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