Financial Services
The Financial Services industry has long been identified among the most competitive, regulatory oversight intensive and constantly evolving business environments in the world. Organizations from asset management, banking, mortgage, REITs and insurance concerns all turn to Avasant to assist with the navigation of complex global technology and operational service delivery model enablement assignments. Many of our advisors have deep industry experience in strategy development, technology and operational consulting, organizational design and sourcing advisory domains, among others. Avasant brings these talents together with prevailing industry best practices, technology resources and proprietary tools to support our client’s strategic business objectives.
Contact Avasant today, we will be glad to demonstrate how we help financial services companies leverage technology, managed services and other transformational initiatives to improve their performance and drive value to the bottom-line.
Key Avasant Financial Services Case Studies:
- A Cost Optimization and Business Process Rationalization study for a $1.3 Trillion Asset Dutch Financial Services Institution which identified 40+ global shadow procurement and accounts payable organizational segments. Duplicate functions were ultimately divested or consolidated to yield approximately 35 - 40% cost savings including a 25% IT spend savings reduction realized from the consolidation of suppliers to a Tier One strategic services partner
- Creation of a client Outsourcing Management Group for a $73 B Asset, Midwestern US Regional Bank. This includes development of detailed job descriptions for financial analysts, transaction managers, procurement specialists, and program managers. Avasant also developed the key business processes, reporting lines, and governance model required to support the client’s multi-sourced environment.
