Prior to LevelUp's arrival, the Bank did not have any formal tracking or clear
LevelUp implemented a robust tracker to monitor Consultant activity (e.g. number of consultants onsite, spend per department) and streamlined the vendor
The onsite LevelUp team agreed with the Bank's HR to approach the existing contractors and ask if they'd share their pay rates/salaries. Of those who shared the information, LevelUp calculated overbilling of the Bank by 1.5 to 4 times the agreed maximum mark up. LevelUp contacted this contractor to provide all pay documentation for all active and inactive contractors since the new vendor agreement was established. Further investigation and reconciliation identified that there was a $300,000 overcharging discrepancy.
The implementation of a previously unavailable reporting functionality and continued pro-activeness, they were able to save the Bank, in addition to the $2M saved through LevelUp's Contractor Workforce Solutions.