Procurement Services Ges.m.b.H, company of Erste Group Bank

What Procurement Services Ges.m.b.H, company of Erste Group Bank does

Procurement Services Ges.m.b.H, operating under the trade name Erste Group Procurement (EGP), is the centralized procurement division of Erste Group Bank AG, one of the largest banking groups in Central and Eastern Europe. Founded in 2006 and headquartered in Vienna, the company provides internal procurement services exclusively to Erste Group entities across eight countries: Austria, Romania, Czech Republic, Slovakia, Hungary, Croatia, Montenegro, and Serbia. It employs approximately 47 staff organized into dedicated functional heads at the Vienna headquarters (International Business Intelligence, International Finance, International Sourcing) and country managers or representatives in each regional market.

The company's service offering is organized into three integrated lines: Sourcing (strategic procurement of high-value goods and services with proactive category and supplier management), Tactical Purchasing (operational/transactional procurement of lower-value items including an eAuction platform), and Order Management (call-offs from existing contracts and catalogues). These services are supported by a standardized supplier governance framework consisting of a Supplier Code of Conduct, Supplier Audit Questionnaire (SAQ), Supplier Performance Scorecard (SPS), Supplier Sustainability Scorecard (SSS), Confidentiality Declaration (NDA), and a Whistleblower reporting mechanism. The underlying technology consists of internal procurement management systems integrated with Erste Group Bank AG standards, deployed through the country-manager network and Vienna-based functional leadership. EGP holds the CIPS Ethics Mark certification from the Chartered Institute of Procurement and Supply, covering ethics training for staff.

EGP operates as an internal shared services function under a managed services model, delivering procurement services solely to Erste Group entities; pricing is not publicly disclosed, consistent with its role as an internal cost-allocation center within the banking group. The company is led by Managing Directors Robert Semethy (also serving as Chief Procurement Officer) and Anca Paula Gherasim, and its financial performance is effectively consolidated within Erste Group Bank AG's accounts rather than reported as a standalone commercial enterprise.

Name

Procurement Services Ges.m.b.H, company of Erste Group Bank

Legal name

Procurement Services Gesellschaft m.b.H.

Website

https://erstegroupprocurement.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Procurement Services Ges.m.b.H, trading as Erste Group Procurement, is the centralized procurement arm of Erste Group Bank AG, delivering internal sourcing, tactical purchasing, and order management services to Erste Group entities across eight Central and Eastern European countries.

Ownership category

akta.pro rank

Product category

Procurement and Supply Chain Management Services

NAICS

Corporate, Subsidiary, and Regional Managing Offices (551114), Business Support Services (5614), Management Consulting Services (54161)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Procurement Systems Administration (ERP/P2P Tools Support) (BPAAAJAO)

akta.pro secondary industries

Sourcing Support & RFx Administration (RFI/RFP/RFQ) (BPAAAJAC), ERP Managed Services & AMS (Application Management) (BPAEAGAB)

Keywords

• Procurement services
• Supply chain management
• Strategic sourcing
• Supplier management
• Purchasing operations

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Internal Procurement Services: Provides procurement services to Erste Group entities including sourcing, tactical purchasing, and order management. Operates as an internal shared services function within Erste Group Bank AG.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Procurement Services Ges.m.b.H (Erste Group Procurement) is the centralized procurement arm of Erste Group Bank AG, delivering supply management services to internal Erste Group entities across eight Central and Southeastern European countries. Its offering is built around three service lines — Sourcing (strategic category and supplier management for high-value goods and services), Tactical Purchasing (operational purchasing including eAuctions for lower-value items), and Order Management (transactional call-offs from existing contracts and catalogues) — supported by a standardized supplier on-boarding framework, the Supplier Code of Conduct, performance and sustainability scorecards, and a whistleblower channel.

Product overview

Erste Group Procurement operates as a centralized procurement services platform offering three integrated service lines: Sourcing (strategic procurement for high-value goods and services with category and supplier management), Tactical Purchasing (operational purchasing including eAuctions for lower-value items), and Order Management (transactional call-offs from existing contracts and catalogues). The platform is supported by a standardized supplier management framework including the Supplier Audit Questionnaire (SAQ), Supplier Performance Scorecard (SPS), Supplier Sustainability Scorecard (SSS), NDA documentation, and Whistleblower reporting tools. The system ensures compliance with Erste Group Bank AG standards while optimizing costs and ensuring transparency for risk management.

Differentiator

Problem solved

Functional benefit

Products and services

• Sourcing
• Tactical Purchasing
• Order Management

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Emerging players

• LevaData: AI-driven procurement analytics and supplier risk platform. Relevant as an emerging technology peer whose capabilities could augment or compete with EGP's Supplier Performance and Sustainability Scorecards.
• Procurify: Mid-market procurement and AP automation platform with supplier management and basic sourcing. Comparable as an emerging procurement tooling peer, though focused on smaller organisations than EGP's banking group context.

Broad incumbents

• Ivalua: Procurement and supplier management platform covering sourcing, supplier risk, contract management, and sustainability. Overlaps with EGP's SSS sustainability scorecard and SAQ supplier onboarding functionality.
• SAP Ariba: Market-leading procurement and supplier management platform covering sourcing, RFx, eAuctions, contract lifecycle, and supplier risk. Comparable to EGP because EGP's eAuctions, SAQ, SPS, and SSS replicate core Ariba capabilities within a banking group.
• Coupa Software: Procurement and spend management SaaS platform offering sourcing, contract management, supplier management, and treasury capabilities. Relevant because Coupa's supplier scorecards and procurement workflows overlap directly with EGP's SPS, SSS, and SAQ processes.
• Basware: Procurement, AP automation, and invoice management platform widely used in European financial services. Comparable to EGP because its order management and invoicing workflows mirror EGP's transactional order management service line.
• Jaggaer: Procurement and supplier management platform (formerly BravoSolution) serving large enterprises including financial institutions. Comparable to EGP in source-to-pay and supplier lifecycle scope, especially in regulated industries.

Direct peers

• GEP Worldwide: Global procurement services and BPO provider delivering strategic sourcing, tactical purchasing, and supplier management. Closest functional analogue to EGP's three-line sourcing/tactical/order management model, albeit serving external enterprise clients rather than a single parent.
• Accenture Procurement Services: Large consulting and BPO practice offering managed procurement services including sourcing, tactical purchasing, and category management. Closest external services analogue to EGP's shared services model.

Others

• Plan A: ESG and supplier sustainability management platform used by European enterprises and banks. Comparable to EGP's Supplier Sustainability Scorecard (SSS) and Supplier Code of Conduct, representing the external vendor option EGP could partner with or be displaced by in sustainability procurement.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/s-proserv-ltd-company-of-erste-group-bank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Procurement Services Ges.m.b.H, company of Erste Group Bank