Sarah Granstrom
Castle Rock,CO
Summary
Strategic procurement executive with over 15 years of experience in procurement, strategic sourcing, and third-party risk management in regulated environments. Delivered significant negotiated savings while establishing governance, internal controls, and automated systems to ensure compliance. Expertise in operationalizing procurement policies and collaborating across functions to enhance business agility and mitigate risks.
Overview
18
18
years of professional experience
Work History
Director, Procurement
LendingClub
01.2022 - Current
- Executed sourcing and negotiation strategy that produced $20M+ savings on key enterprise renewals, embedding stronger commercial protections (SLAs, termination rights, data/privacy clauses, indemnities).
- Led procurement transformation and third party risk controls during bank readiness and organizational restructuring; oversaw vendor governance and contract remediation programs to ensure compliance with regulatory expectations.
- Developed and implemented procurement controls and reporting for senior leadership and auditors, including approval matrices, vendor risk dashboards, and contract trackers to enhance oversight.
- Managed supplier lifecycle remediation of 3,200+ records, established onboarding controls, and executed due diligence checklists for continuous monitoring and remediation.
- Implemented CLM and Fusion P2P workflow automations, DocuSign templates, and bulk processing tools to standardize approvals and reduce manual effort by 80–90%.
Senior Manager, Procurement & Vendor Management
LendingClub
01.2021 - 12.2021
- Led strategic sourcing for Payments, CCaaS, and Regulatory Reporting RFPs delivering $5M+ savings; structured commercial terms and compliance requirements to balance agility and risk.
- Directed P2P and ERP migrations (Avid→Fusion; Contingent Worker→Workday) to enhance PO lifecycle visibility and close compliance gaps.
- Supervised 4–5 direct reports; achieved 4.9/5 stakeholder satisfaction despite ~97% increase in ticket volume.
Senior Procurement Manager
LendingClub
01.2020 - 12.2020
- Negotiated $2.2M in COVID era cost reductions through contract restructures and vendor consolidation while safeguarding critical services and compliance efforts (CCPA, bank readiness).
- Led supplier negotiations to optimize procurement strategies and cost management.
- Developed procurement policies to streamline purchasing processes and ensure compliance.
- Managed vendor relationships to enhance collaboration and service delivery effectiveness.
- Eliminated redundant VME onboarding steps and implemented standardized NDA/contract templates and centralized PR/approval standards, strengthening audit trails.
Procurement Manager
LendingClub
01.2019 - 12.2019
- Negotiated $1.39M savings on high priority renewals; implemented legal contract priority tracker and standardized vendor evaluation criteria to enhance decision-making transparency and ensure audit readiness.
- Negotiated contracts with suppliers to secure favorable terms and pricing.
- Developed procurement strategies to optimize supplier relationships and reduce costs.
- Managed vendor selection process to ensure compliance with organizational standards.
Global Procurement Manager
IPsoft
01.2016 - 12.2017
- Centralized sourcing for 16 reporting entities, achieving $6M+ in strategic savings through supplier consolidation, contract optimization, and global negotiation.
- Developed global sourcing strategies for technology services and products.
- Negotiated contracts with suppliers to secure favorable terms and conditions.
- Implemented Workday ERP procurement modules and standardized E2E policies, enhancing PO processing efficiency by 35% and reducing maverick spend by 21% through improved controls and automated approval workflows.
- Managed supplier relationships to ensure compliance with company standards.
Senior Global Procurement Lead / Acting Manager
IPsoft
01.2015 - 12.2015
- Led team of six through transition; developed procurement policy manual, training materials, and project management systems to standardize operations and enhance control.
- Negotiated payment terms and financing arrangements to improve working capital management.
- Managed resource allocation to ensure optimal project execution and team performance.
- Led cross-functional teams to streamline operational workflows and enhance efficiency.
- Developed and implemented strategic plans for service improvement and client satisfaction.
Global Procurement Coordinator
IPsoft
01.2012 - 12.2014
- Coordinated 20+ multi-divisional P2P cycles weekly, facilitating vendor setup and contract administration for 22 domestic/international expansion projects.
- Coordinated procurement activities for technology solutions and services.
- Managed vendor relationships to ensure smooth supply chain operations.
- Analyzed market trends to identify cost-saving opportunities in procurement.
Office Manager/Operations Support
IPsoft
San Jose, California
08.2008 - 03.2012
- Strengthened local operations while volunteering across the organization: undertaking 10+ hours a week of
recurring and one-time tasks in procurement, finance, marketing, communications, sales, HR, IT, and CRM - Streamlined office supply inventory and procurement processes to ensure availability of essential resources.
- Coordinated schedules and meetings for executives and staff members.
- Strengthened local operations while volunteering across the organization: undertaking 10+ hours a week ofrecurring and one-time tasks in procurement, finance, marketing, communications, sales, HR, IT, and CRM
Education
BS - Business Administration — Marketing
San Jose State University
05-2008
Skills
- Strategic sourcing and procurement
- Contract management
- Vendor oversight and compliance
- Third-party risk management
- Policy design and corporate compliance
- Metrics and reporting
- Change management
- Cross-functional collaboration
- ERP transformation
Personal Information
Title: Strategic Procurement Executive
References
Available upon request
Systems And Methodologies
- CLM implementations
- Fusion P2P
- Workday ERP
- DocuSign
- Excel automation
- Vendor risk assessment frameworks
- RFP/RFI design
- SLA/termination structuring
- Audit ready reporting
Selected Achievements
- $50M+ total negotiated savings across renewals, RFPs, and strategic sourcing initiatives.
- $20M+ savings on enterprise renewals (Workday, Oracle, Salesforce, FIS, Splunk) while improving SLAs, termination rights, and data/privacy protections.
- Implemented CLM and P2P automations reducing manual processing by 80–90%; delivered $500K realized CLM savings vs. original $2M proposal.
- Led TSA repapering and 400+ contract remediations to achieve bank readiness and align with OCC and third party expectations.
- Standardized and cleaned 3,200+ supplier records; reduced maverick spend and improved onboarding controls.
Timeline
Director, Procurement
LendingClub
01.2022 - Current
Senior Manager, Procurement & Vendor Management
LendingClub
01.2021 - 12.2021
Senior Procurement Manager
LendingClub
01.2020 - 12.2020
Procurement Manager
LendingClub
01.2019 - 12.2019
Global Procurement Manager
IPsoft
01.2016 - 12.2017
Senior Global Procurement Lead / Acting Manager
IPsoft
01.2015 - 12.2015
Global Procurement Coordinator
IPsoft
01.2012 - 12.2014
Office Manager/Operations Support
IPsoft
08.2008 - 03.2012
BS - Business Administration — Marketing
San Jose State University