Joanne Prout Allen
Procurement Director, Strategic Sourcing @Edelman Financial Engines
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WORK HISTORY
Procurement Director, Strategic Sourcing @Edelman Financial Engines
Oversee and execute all levels of strategic sourcing including scope, requirements and selection criteria definitions, the Requests for Proposal, Information and Quotes (RFX’s) process, as well as the review, drafting and negotiations of all contracts for the IT, Finance, Legal and Compliance, and the Office of Risk business units. Increased productivity on contract execution by 24% and contract savings by 78% from 2020 to 2023. Exceeded budget savings target by 75% year over year from 2021 to 2023. Utilize leadership and professional skills to collaborate with Stakeholders to successfully analyze spend data and conduct market research to identify, develop and implement strategies supporting and contributing to business needs and objectives. Deliver improved performance and cost efficiency with minimum disruption to services. Launched and oversee the contract repository database to effectively monitor and manage vendors to ensure contract compliance of key contractual terms and spend obligations. Coordinate and communicate forward contract renewal schedules on a monthly and quarterly basis to reduce service gaps and penalties. Implemented year over year reviews to identify and execute options to reduce services and expenses. Generate and present monthly and annually comprehensive reports to the CFO, Executive Team, Stakeholders and Legal to update on progress relating to programs, budgets, Savings targets, measurements, and metrics. Effectively develop and prepare annual budgets for 10+ departments. Initiated and spearheaded process improvement programs relating to contract negotiations, contract templates, managing vendors, risk management, signature controls and procurement metric tracking relating to requests and savings. Partnered with the Merger and Acquisition Team focusing on contract assignments and service transition for 6 acquisitions
EDUCATION
Suffolk University
Bachelor of Arts - BA
ABOUT JOANNE PROUT ALLEN
I am a Senior Sourcing Leader with a background in IT. My specialty is helping the…
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