Getty Images is among the world’s leading creators and distributors of award-winning still imagery,video, music and multimedia products, as well as other forms of premium digital content, available through its trusted house of brands, including iStock© and Thinkstock©.
With its advanced search and image recognition technology, Getty Images serves business customers in more than 100 countries and is the first place creative and media professionals turn to discover, purchase and manage images and other digital content. Its best-in-class photographers and imagery help customers produce inspiring work which appears every day in the world’s most influential newspapers, magazines, advertising campaigns, films, television programs, books and online media.
CoCertus Scope of Work
CoCertus worked with Getty on a number of engagements over a 2-3 year period. We provided program management, senior consulting and M&A services to manage the acquisition of their #3 competitor Jupiter Media. We managed all aspects of systems, process, real estate and digital asset integration/migration for all global locations.
We managed a large, full lifecycle business/technology project to integrate their new acquisition iStock Photo’s systems, back end processes, contracts and digital assets with Getty Image’s core business systems and processes.
We led an effort to reengineer Getty’s global procure to pay process. Our senior consultant helped Getty expand their focus from invoice processing to include procure to pay. This was done because our consultant’s work helped them see that the root cause of many issues was the maturity of the procurement process. The newly reengineered procurement organization resulted in $ millions in savings and the cost of invoice processing was reduced by 50%.
During our time at Getty, we also provided project managers to manage a number of technology and technology department maturity projects.