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Yuchengco Group of Companies Moves into Procurement Shared Services


Manila, Philippines, May 10, 2011 -- Yuchengco Group of Companies (YGC) is embarking on a group-wide procurement shared services environment that will maximize its scale and knowledge to generate savings on common leveraged buys as well as deploy uniform technology and category-based best practices. This development comes after the successful procurement assessment project for YGC and the generation of substantial savings from its subsidiaries, namely Rizal Commercial Banking Corporation (RCBC), RCBC Savings Bank (RSB), Bankard, and Malayan Insurance Co. Inc., This will involve deploying a shared services organization that will provide a shared procure-to-pay platform for an efficient, visible, and compliant process as well as a central group to ensure compliance to agreed policies and course spend to accredited suppliers.




About TransProcure  (www.transprocure.com)


TransProcure is the leading global procurement solutions and services company and the first in providing Procurement Business Process Outsourcing (BPO) and Out-tasking Centers located in key cities in Asia with presence in Asia-Pacific, North America, Latin America, and Europe. It has also a Central Procurement Shared Services Center headquartered in Manila, Philippines. TransProcure assists companies to accelerate the value of procurement by extending its many services around the procure to pay cycle and ancillary services at efficient and low-cost country position. Information is available at www.transprocure.com



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