Challenge

A Fortune 100 financial services company relied on outdated contingent workforce rate cards, creating significant overpayment risk. Approval delays prevented timely updates, forcing hiring managers to use stale benchmarks and limiting control over workforce spend.

Solution

The organization leveraged TDX Rate Intelligence to benchmark active roles against current market data—identifying savings opportunities across 225 assignments.A new governance model was implemented, embedding TDX benchmarks into all contingent workforce requests and requiring formal approval for above-market rate exceptions.

Impact

• $2M in realized savings within 12 months 
• Identified $915K in additional savings opportunities through benchmarking 
• Established consistent, market-aligned rate setting across all new requests 
• Improved spend control through embedded rate governance and approval workflows 

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