Improving Performance and Driving Costs Through Sourcing
A Case Study
A Case Study
Our client, a large U.S. commercial bank’s services company, had undertaken many ongoing operational improvements that were beginning to yield positive results – but they were looking for additional improvements that would uncover savings needed to fund other investments. With a long-tenure, aging workforce, disparate processes, and demanding end-user customers, the bank was looking for a strategic solution to transform its lending and trades services organization and assist them in executing the playbook that would take them from the current situation to the desired end state.
Everest Group helped the client develop the strategy, business case, and solution and negotiated a five-year agreement with a single service provider. We helped the client architect a hybrid onshore/offshore delivery model that resulted in,
We helped the client develop the strategy and a business case for a hybrid onshore/offshore delivery model that yielded 45% operational savings.
Financial services, particularly banks, are risk averse. Helping the client understand that the proposed solution, moving from an in-house capacity-constrained model to a flexible model utilizing skilled, cross-trained resources, would reduce overall risk was a breakthrough moment.
Everest Group’s depth and breadth of next generation sourcing, market industry knowledge, subject matter expertise and prior experiences, position us well to reveal business risks and opportunities that can be translated into the right solution for the client