Banking Procurement

Your IT sourcing runs on relationships. Not on evidence.

Your IT sourcing runs on relationships. Not on evidence.

Your IT sourcing runs on relationships. Not on evidence.

Definic replaced guesswork with live vendor coverage, benchmarks and risk signals across external IT services.

Definic replaced guesswork with live vendor coverage, benchmarks and risk signals across external IT services.

or

Real Savings.
Proven results from banking procurement.

Real Savings.
Proven results from banking procurement.

The results shown on this page demonstrate the impact Vendor Intelligence can have on enterprise IT Services procurement.

The results shown on this page demonstrate the impact Vendor Intelligence can have on enterprise IT Services procurement.

759 ↑

759 ↑

759 ↑

Hours saved on procurement admin

96.4%

96.4%

96.4%

Competitively benchmarked tenders

$931 → $795

$931 → $795

$931 → $795

Contractor day-rate reduction

“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm
“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm
“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm
“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm
“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm
“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm
“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm
“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm
“After years of searching, we joined forces with Definic and launched the development of a platform that has the potential to bring a small revolution in how we manage this area. We believe it will allow us to work faster, more transparently, and with greater ease for everyone involved.”
Senior Vendor Manager
European banking group
“We have collaborated with Definic for several years, and three words define our experience: professional, transparent, and fair. Their approach aligns with our company’s values, making our partnership both effective and enjoyable.”
Partner
Software Development Firm
“Our company has worked with Definic for over three years, and the experience has been outstanding. Their responsiveness is excellent, their team is highly professional, and their work consistently meets the highest standards. It’s always a pleasure working with them.”
Capacity Manager
Technology Consulting Firm
“Definic has been a valuable platform for engaging top-tier software development partners. After launching a tender, we received over 20 high-quality proposals within a short timeframe - far exceeding our expectations. Their platform made the entire process efficient and effective.”
Products & Solutions Dev. Manager
Global Healthcare Company
“The Vendor Hub has made it much easier to keep track of vendors, compare options, and make informed decisions. It’s a simple but effective tool that saves us a lot of time.”
CTO
Enterprise Software Company
“Definic replaced a patchwork of tools with one streamlined solution. Everything we need is in one place, making our workflow much smoother.”
COO
Global Consulting Firm

21%

21%

Cut from IT sourcing spend

Cut from IT sourcing spend

$1.37M

$1.37M

Audited savings in five months

Audited savings in five months

6 Weeks → 2

6 Weeks → 2

Faster tender cycles

Faster tender cycles

21%

Cut from IT sourcing spend

$1.37M

Audited savings in five months

6 Weeks → 2

Faster tender cycles

Results from one European banking group, verified against their own data.

Results from one European banking group, verified against their own data.

Vendor Intelligence

The best vendor for this tender isn't on your shortlist.

The best vendor for this tender isn't on your shortlist.

Banking procurement runs on habit: same vendors, no benchmarks, manual work. Definic runs on data decision.

Banking procurement runs on habit: same vendors, no benchmarks, manual work. Definic runs on data decision.

Vendor Visibility

Vendor Visibility

Understand the full IT Services landscape before procurement begins.

Understand the full IT Services landscape before procurement begins.

Benchmark Every Vendor

Benchmark Every Vendor

Compare suppliers using real market rates, expertise and delivery performance.

Compare suppliers using real market rates, expertise and delivery performance.

Select with Confidence

Select with Confidence

Make procurement decisions backed by objective market intelligence.

Make procurement decisions backed by objective market intelligence.

One connected Dashboard

Every vendor signal, in one view.

Spend, forecast savings, benchmark and vendor scoring in one place, built for external IT services.

Platform

One platform for every stage of IT Services procurement.

One platform for every stage of IT Services procurement.

Assessment
Assessment

Define procurement requirements and automatically structure them into a complete sourcing project.

Define procurement requirements and automatically structure them into a complete sourcing project.

Matching Engine
Matching Engine

AI matches every RFP with the vendors most likely to deliver based on capabilities, pricing, delivery history and specialist expertise.

AI matches every RFP with the vendors most likely to deliver based on capabilities, pricing, delivery history and specialist expertise.

Marketplace
Marketplace

Discover specialist IT Services providers relevant to your procurement requirements.

Discover specialist IT Services providers relevant to your procurement requirements.

Benchmarking
Benchmarking

Compare every proposal against market pricing, delivery performance and competing suppliers.

Compare every proposal against market pricing, delivery performance and competing suppliers.

Management
Management

Manage vendors, procurement activity and supplier performance throughout the procurement lifecycle.

Manage vendors, procurement activity and supplier performance throughout the procurement lifecycle.

Dashboard
Dashboard

Monitor procurement performance, savings opportunities and Vendor Intelligence across your organisation.

Monitor procurement performance, savings opportunities and Vendor Intelligence across your organisation.

Sourcing

From a rough brief to a structured sourcing workspace.

Scope requirements, shortlist the market and run the comparison in one place.

Evaluation

See exactly how each vendor compares.

See exactly how each vendor compares.

See exactly how each vendor compares.

Fit, quality and risk scored side by side, with a clear recommendation your stakeholders can trust.

Case Study

How a leading European banking group transformed IT Services procurement.

How a leading European banking group transformed IT Services procurement.

Before ↓

After ↑

Contractor rates

Contractor rates

IT contractor rates averaged $931/day

IT contractor rates averaged $931/day

IT contractor rates averaged $931/day

Contractor rates reduced to target pricing

Contractor rates reduced to target pricing

Tender cycle time

Tender cycle time

Procurement cycles took up to six weeks

Procurement cycles took up to six weeks

Procurement cycles took up to six weeks

Tender cycles reduced from six weeks to two

Tender cycles reduced from six weeks to two

Competitive coverage

Competitive coverage

Only 20% of tenders were competitively benchmarked

Only 20% of tenders were competitively benchmarked

Only 20% of tenders were competitively benchmarked

96.4% of tenders competitively benchmarked

96.4% of tenders competitively benchmarked

Sourcing method

Sourcing method

Procurement relied on existing supplier networks and manual benchmarking processes

Procurement relied on existing supplier networks and manual benchmarking processes

Procurement relied on existing supplier networks and manual benchmarking processes

IT procurement costs reduced by 21%

IT procurement costs reduced by 21%

Administrative workload

Administrative workload

759 hours of procurement administration eliminated

759 hours of procurement administration eliminated

Total financial impact

Total financial impact

$1.37M saved within five months

$1.37M saved within five months

Standard

After ↑

Contractor rates

Simple card (name, type, country). Visible only to buyers with Marketplace add-on.

Contractor rates reduced to target pricing

Tender cycle time

Basic info only (name, description, service type, rates).

Tender cycles reduced from six weeks to two

Competitive coverage

Displayed but anonymized.

96.4% of tenders competitively benchmarked

Sourcing method

Bench available internally. Buyers see anonymized roles and timelines only.

IT procurement costs reduced by 21%

Administrative workload

Standard placement – not prioritized.

759 hours of procurement administration eliminated

Total financial impact

None.

$1.37M saved within five months

Pipeline

From sourcing to award, one controlled flow.

From sourcing to award, one controlled flow.

From sourcing to award, one controlled flow.

Every vendor tracked through screening, shortlist, evaluation and finalists to a clear decision.

FAQ

Questions banking teams ask first.

Questions banking teams ask first.

Where does the Vendor Intelligence data come from?

Vendor Intelligence combines proprietary and publicly available data, including market rates, delivery performance, supplier capabilities and procurement intelligence, creating a complete picture of the IT Services market.

Where does the Vendor Intelligence data come from?

Vendor Intelligence combines proprietary and publicly available data, including market rates, delivery performance, supplier capabilities and procurement intelligence, creating a complete picture of the IT Services market.

How does Vendor Intelligence improve procurement?

How does Vendor Intelligence improve procurement?

How quickly can results be achieved?

How quickly can results be achieved?

Is Vendor Intelligence only for banking?

Is Vendor Intelligence only for banking?

Let's talk

Let's talk

Sourcing, backed by evidence.

Sourcing, backed by evidence.

Sourcing, backed by evidence.

See what Vendor Intelligence
can do for you.

See what Vendor Intelligence
can do for you.

Live coverage, benchmarks and risk signals across external IT services, proven with a European banking group.

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