Financial Services – Verallis https://verallis.com Cost Management Experts Tue, 16 Jan 2024 12:49:05 +0000 en-GB hourly 1 https://verallis.com/wp-content/uploads/2021/09/cropped-favicon@100x-32x32.png Financial Services – Verallis https://verallis.com 32 32 14.5 % Savings in Telecommunications https://verallis.com/case-study/145-savings-in-telecommunications/ Tue, 12 Dec 2023 08:34:42 +0000 https://verallis.com/?post_type=portfolio&p=92052
The Result
14,5 %
Savings Rate
Total Annual Spend:
€5,300,000
Total Annual Savings:
€740,000
VERALLIS involvement brought in, additional 1 Million € in Savings, with the base of comparison being a recent RFP carried out by the Client.
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  •  Individual Actions Taken:

The Client in order to restructure and minimize the related costs performed -with VERALLIS’ support- a series of actions. Those included, a Request for Proposal (RFP) run by the Organization, which was ultimately used as the Reference Point for Savings achieved, as well as shaping a Demand Management strategy. As a result, the Client would now spend less than 3,7 million € for 170 million messages sent. Ultimately, the occurred benefit, translating into 900.000 € in savings, came from demand management and more specifically by implementing technical actions (switch to Viber for certain messages), as the Tender filed, did not result in price decreases.

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  •  VERALLIS Involvement:

VERALLIS’ plan of action and additional efforts consisted of a detailed analysis and thorough evaluation of the demand for Bulk messages, in addition to restructuring the existing pricing along with a specialized request from the Telecoms providers, thus securing additional pricing improvement for the Client. VERALLIS also suggested a series of specific requirements/ strategy to be included during the RFP negotiations as well as implementing a thorough Demand Management Analysis at all levels. This resulted in additional 1.000.000 € in savings, achieved by VERALLIS, with the Client now spending 3.3 million € for 162 million messages sent.

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The Challenge

1

Cost reduction remains a top-priority for executives with a focus on sustainability, which coupled with shaping an effective cost structure presents a top internal challenge for most organizations worldwide. The ongoing economic hardships calls for a flexible action plan, in order to remain competitive and profitable. With that in mind, our Client opted for the minimization of their Telecommunications Expenses. The main area, of the overall Telecoms Expenses that called for optimization were the costs related to the Bulk messaging towards the Organization’s customers.

The two (2) channels used were the following:

  • SMS Messaging
  • Viber Messaging

The Method

2

The process followed, to achieve cost reduction in the Clients Telecoms expenses included two distinguished scopes:

  • The Client’s Individual Actions with VERALLIS’ guidance
  • VERALLIS Involvement, bringing significant added value to the Clients individual actions

]]> Facility Management Auditing & Consulting Services https://verallis.com/case-study/12-savings-in-financial-service/ Wed, 02 Mar 2022 10:27:33 +0000 http://new.verallis.com/?post_type=portfolio&p=88972
The Result
The outputs we provided to the Client were a tabulated report summarizing the findings against each contractual & legal obligation supplemented by an executive summary outlining any key issues and a program of recommendations for action. The outcome of the project was that all KPIs exceeded the standards.

 

Overall, we have helped our Client ensure that he receives the full FM service he pays from his service providers and to safeguard his reputation.

The Challenge

1

 The client had numerous contracts for FM servicing not being able to effectively monitor the performance of the contractual agreements. As a result, some buildings and client operations were underserved. Verallis had to measure the service delivery and provide the client with improvement points and related action proposals.

The Method

2

Measuring Contractor’s Performance into a number of areas, including Time (deliver to programme), Quality of service delivery, HSE Requirements, Compliance with the legislation and with contract terms, for Categories like:

  • Mechanical & Electrical Equipment, Air Condition, UPS
  • Cleaning and Pest Control
  • Counting Machines
  • Projects Details:
  • More than 100 field audits were performed in more than 100 Branches across Greece for 1 year
  • We measured 37 KPIs and 37 CSFs were evaluated

]]> Procurement Strategy https://verallis.com/case-study/n-a-savings-in-financial-service/ Wed, 02 Mar 2022 08:01:07 +0000 http://new.verallis.com/?post_type=portfolio&p=88991
The Result
The Client implemented the new corporate governance structure in procurement improving in parallel the operation of the new team.
Deliverables

  • Set of governance structure, policies and procedures in conjunction with existing strategy and resources.
  • Proposals to improve the operation of the Procurement Department and the relevant interdepartmental flows, regarding the procurement process of goods and services.
  • Commodity List of Supplied items and Services, risk assessment and proposals for quick wins

The Challenge

1

The client wanted to restructure the procurement from distributed units allocating significant time on buying, to one team focusing on strategic sourcing with less bureaucratic procedures, improving at the same time corporate governance. 

The Method

2

  • We relied on Verallis VeSPa (Spend Analysis) methodology to identify cost structures, nature of commodities, suppliers, flows and occurrence of similar activities.
  • We performed interviews with procurement team to understand existing structures, operating flows and systems
  • We analysed with metrics the existing corporate governance environment from initial needs to actual approvals We analysed the Commodities in multiple dimensions to finalise commodity lists, strategies and implementation plans

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