• STRATEGIC SOURCING “ Implementing Efficio ’ s strategic sourcing methodology revitalised the cost-savings agenda ,” Dolan says . “ It established cost baselines and analysis of relevant supplier markets , which helped us develop creative sourcing strategies .”
• EMBEDDING NEW TECHNOLOGY Dolan says : “ The communication tools in Efficio ’ s proprietary eFlow technology simplified the management and tracking of all suppliers .”
On the more general point of supplier relations , Dolan says PTSB is committed to helping them become ESG compliant so that they are suitable candidates for collaboration .
Concluding , Dolan says : “ If they ’ re not there yet as a partner , we like to go on a journey with them and get them where they need to be . In the grander scheme of things , we are a small organisation , and we deal with lots of other small organisations , particularly in the FinTech space .
“ There ’ s an old Irish saying : ‘ A rising tide lifts all boats ’,” she says . “ We don ’ t want to penalise suppliers for ESG transgressions , but instead educate them to ensure they ’ re compliant with sustainability regulations and our ethos .
“ It ' s really important we take a partnership approach to helping people in our supply chain , to help them understand how we can help each other for mutual benefit .”