Rik Franken

I am the Head of Procurement at Worldline Processing and Financial Institutions. I lead strategic sourcing and category management across payments processing, data services, software, and infrastructure, driving cost optimization, quality, and innovation. My role includes shaping supplier relationships, negotiating terms, and ensuring regulatory and contract compliance, while implementing robust governance and risk management programs.I collaborate with Finance, Legal, IT, Security, and business units to align procurement strategy with organizational goals, and I steward end-to-end procurement processes from requirement intake to contract management and procure-to-pay. I drive digital initiatives such as e-procurement, spend analytics, and contract lifecycle management, and lead a high-performing team through capability development, performance management, and change management.Key skills:- Strategic Sourcing and Category Management- Supplier Relationship Management and Negotiation- Contracting, Compliance, and Legal Alignment- Governance, Risk, and Compliance (GRC)- Spend Analytics and Total Cost of Ownership (TCO)- Digital Procurement and e-Procurement Tools- Price Benchmarking, Market Intelligence, and Supplier Benchmarking- Financial Acumen: budgeting, cost savings, and cash-flow impact- Project and Change Management- Stakeholder Management and Cross-Functional Collaboration- Supplier Diversity and ESG/Sustainability Sourcing- Performance Measurement, KPIs, and ReportingI am accountable for delivering measurable value: cost savings and avoidance, improved cash flow, supplier performance, and reduced procurement risk, all while supporting strategic initiatives and potential M&A activities.