| 11/11/08EquaTerra Helps Major Electric Utility Bring IT Services Back In-HouseA major electric utility needed to optimize its IT delivery budget in order to meet its post-merger financial targets. Infrastructure and Operations annual expenses needed to be reduced. As a component of their savings strategy, the company asked EquaTerra to conduct a complete sourcing analysis. |
|
| 07/31/08Fortune 100 Company Creates 'Outsourcing Center of Excellence' to Align its Outsourcing Efforts Company-WideThis Fortune 100 company's procurement organization needed a better grasp of its outsourcing provider services to better leverage cross-business outsourcing deals. To do this, the procurement organization turned to EquaTerra to help it create a framework for managing outsourcing provider services and develop stronger governance oversight. After a data gathering and analysis effort, EquaTerra recommended the creation of an Outsourcing Center of Excellence (CoE), which would serve as the primary, central resource to the company�s lines of business and corporate functions and would be responsible for researching, evaluating, contracting, implementing and managing outsourcing deals. The company expects to realize signifi cant cost-savings, improve service delivery, and facilitate access to greater capabilities company-wide as the CoE becomes an integral part of its business and culture. |
|
| 07/29/08Leading Insurance Company's IT Transformation Brings Huge PayoffBecause of an aggressive acquisition strategy, a rapidly growing global insurance company�s share price was dropping and company executives began to question the cost-effectiveness of the organization�s North American IT infrastructure. EquaTerra helped the company assess its current situation and make strategic changes that would reduce the company�s ongoing infrastructure support costs by more than $52 million annually for the next five years. |
|
| 06/30/08Major European Bank Adopts IT Offshoring for the First TimeSince its beginnings in the 1990s this major banking organisation has grown rapidly and developed a broad range of banking services for private individuals, small and medium sized businesses and institutional clients. Currently, the bank has 5.5 million customers and is active in asset management, insurance, investor services and capital markets. Although interested in improving services and reducing expenses through IT offshoring, the bank was unfamiliar with global sourcing operations. Management called on EquaTerra to assist with the service provider selection process. |
|
| 02/29/08Pharmaceutical Spin-Off Transitions IT from Parent CompanyA newly spun-off pharmaceutical company faced a cut-off time for using its former parent company�s IT systems. It turned to EquaTerra for help in successfully transitioning from the parent company to the selected service provider in an extremely short timeframe. |
|
| 02/28/08Erste Bank Implements Procurement Sourcing Strategy to Support Expansive Continental GrowthWith rapid expansion throughout Europe, Erste Bank wanted to strategically revamp its procurement function. After careful evaluation and consideration from EquaTerra advisors, the bank's procurement function will now be served by both an internal shared services centre and an outsourced partnership. EquaTerra helped Erste Bank enter into a 10-year contract with a global service provider and assisted bank officials in designing an effective governance structure for the new service provider relationship. |
|
| 12/28/07Transition to a New IT Service Provider Big Issues for Mid-Sized CompanyA mid-size medical products manufacturer had outsourced its IT function to a service provider that did not have the capabilities to handle the company's global growth. With the assistance of EquaTerra, the manufacturer was able to source and contract with a multi-national service provider that could meet its needs. In addition, EquaTerra was tasked with overseeing the company�s challenging transition to the new service provider, which was complicated by the fact that it involved several parties � the client company, a sister company, the outgoing service provider and the incoming service provider. |
|
| 11/30/07Major Nordic Bank Optimises Procurement and Accounts Payable ProcessesA major Nordic bank that grew quickly through a myriad of acquisitions discovered that its complicated accounts payable and procurement processes were costing it money. Furthermore, the Bank needed to implement new technology. EquaTerra advisors showed the Bank how it could outsource to improve efficiency across all areas of its operations, including the back office. Through its assessment, EquaTerra identified methods to make group demand and expenditure more transparent. EquaTerra helped to identify and engage the right partner, delivering an ASP Procurement System � including electronic catalogues, a procurement workflow, order and invoice matching tools � with an integrated outsourced accounts payable service. As a result, the Bank was able to reduce its costs, as well as harmonise its processes and suppliers across four countries. The Bank maintains its dominant position in the Scandinavian market. |
|
Case Studies