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18 %

Annual Savings Achieved

81 %

Reduction Negotiated on Project

Introduction

A prominent multi-brand business services organization headquartered in London, with a global presence across the US, Europe, and Asia, faced a significant challenge in optimising technology expenditures. The leadership team enlisted Intercor to uncover savings opportunities, not merely to cut expenses but to maximise the value of every pound and dollar spent.  The aim: To redirect savings achieved into growth-driving initiatives.

The Challenge

Despite not specifically aiming to cut costs, the leadership team needed to identify opportunities to optimise spending across their technology landscape. The objective was to increase efficiency and transparency in technology-related expenditures, ensuring funds could be directed towards value-adding initiatives

 

The Solution

Intercor's Cost Optimisation services were engaged to conduct a thorough analysis of all technology-related spending. This involved:

  • Capturing and Categorizing Spend: Quickly documenting and classifying all technology expenses to understand where funds were being allocated.
  • Financial Modeling: Developing a model to calculate the Total Cost of Ownership, providing a clear picture of financial commitments.
  • Benchmarking: Comparing current technology spending against industry standards to identify discrepancies and opportunities for optimization.

Throughout the process, it was crucial to ensure that the implementation of any changes had minimal impact on the organization's operations.

“We loved working with this client.  It is always great to reveal significant savings (more than the client expected), whilst also driving opportunties for value creation.”

Brad Dowden, Founder of Intercor

The Results

The cost optimization initiative resulted in:

  • 18% Savings: A significant reduction in annual technology spending, freeing up capital for strategic reinvestments.
  • System Simplification: Reduction in the number of systems managed, streamlining operations and further reducing costs.
  • Service Transition Savings: Achieving an 81% cost reduction in a critical service transition project.
  • Enhanced Commercial Flexibility: A more adaptable commercial arrangement with their main provider, enabling scalability and improved transparency.

Conclusion

This case study exemplifies how strategic cost optimisation can extend beyond mere cost reduction to significantly enhance business value and support growth.

The approach and methodologies applied here can serve as a blueprint for similar organisations looking to maximize the effectiveness of their technology investments.

This initiative not only streamlined costs but also aligned technology spending with the company's strategic growth objectives, setting a precedent for how businesses can leverage financial insights to foster long-term success

 

 

 

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