We enable you to accelerate delivery of your
current IT operating cost reduction target in less than half the time
you currently envisage
Q. How can the City-IT Smart Spend service help
make you be more successful?
A. We can reduce key IT spending categories by 13-40% within your
City-IT Smart Spend
Do your colleagues particularly in Finance ask you difficult
questions over why it takes so much time, effort and investment to
make significant performance improvements in IT cost effectiveness?
Traditionally major financial institutions have turned to global,
multi-billion dollar technology firms for advice on IT strategy and
cost strategy. It should not be surprising that these firms
typically advise you to take on huge enterprise level IT projects
costing tens to hundreds of millions of dollars. These programmes
take a long time to implement and even longer for you to see the
promised investment returns. This approach is difficult to justify
to your CFO, board and investors during the intense pressure to
preserve capital during the 'credit crunch'. Perhaps, it's now time
to consider alternative approach.
If you need to accelerate the
pace of your IT cost reduction programme to deliver significant
savings within 6-12 months, we can help you realise significant
savings by focusing on the 3 key sustainable IT cost reduction
strategies that can deliver the most rapid results. These strategies
are: IT Project and Investment portfolio optimisation, sourcing and
procurement optimisation and labour productivity optimisation
(incorporating offshoring and outsourcing).
Purpose of the IT Smart Spend service
We help you accelerate your IT cost reduction programme (more
savings in less than half the time) with
strategies that can be implemented fully within 6-12 months while
delivering significantly higher savings within your current budget year.
All while reducing your execution risk dramatically.
Results & key benefits
We will help you reduce external spend by 13% on external products
and services (above and beyond unit cost reductions already factored
into your existing contracts).
Reduce operating costs by 25-65% through more aggressive use of
outsourcing without sacrificing service quality.
Reduce operating costs of key IT functions by 20-30% by more
extensive use of outsourcing without being held to ransom by your
outsourcing partner rolling back savings through 'gaming' change
Optimise your IT project portfolio to reduce spending by 25% while
significantly increasing the financial benefits delivered to the
business and cost reductions within IT budgets.
City-Smart Spend - How does it work?
Step 1 – Information harvest – “seek first to
understand” (Steven Covey – '7 Principles')
Our initial step is to gather together the critical information,
data and insights on the status of your key IT spend categories. We
do this through structured interviews with the key stakeholders,
managers and staff involved in the key IT spend categories. We put
together a current financial baseline, comparisons with competitor
IT cost benchmarks, high-level descriptions of your business & IT
architecture (constructing a Technology Value Framework, Application
Value Framework and High-Level process architecture), a 'Level 0' IT
portfolio/ investment value analysis) and review your IT costing and
Step 2 – Opportunity scan
We take the critical
information gathered in Step 1 and map this information against our
cost reduction framework and toolset. We can then give
1. Sourcing opportunity shortlist.
2. IT project optimisation proposals.
3. Extended offshoring opportunity assessment.
4. Outsourcing opportunity assessment.
5. An assessment of the key stakeholder buy-in to cost reduction and
service improvement opportunities.
6. Our expert, independent perspective on how robust your IT cost
management, chargeback & governance disciplines are and answering your concerns
as to whether they are fit for purpose.
7. And finally our perspective on the financial and business impact
of your existing cost reduction initiatives.
Our overriding objective is to give you this expert diagnosis
quickly so that you can determine the additional cost reduction
opportunities available to you and the risk profile for these
Step 3 – Prioritise key opportunities
We work with you to define a structured programme of IT cost
reduction initiatives across 30, 90 and 180 day timeframes. Our
experience is that we can put together a revised programme with you
that accelerates your current planned savings target for 360 days
two to three fold, significantly reduces your execution risk and
increases your overall cost reduction delivery by 50-100%.
Step 4 – Action Plan implementation
Finally, we help you strengthen your programme execution capability
and work shoulder-to-shoulder with you in realising the benefits
from your initial 30 and 90 day execution plans..
Are you ready to start resolving your difficult challenges?
We are confident through our IT Smart Spend service that you can
enjoy significant cost reductions within
your key IT budgets this financial year. Our work with you is backed
by our no-quibble, guarantee – “no fees unless you are completely
Read our CASE STUDIES that illustrate actual results our clients have enjoyed.
If you would like to discuss your particular situation and
challenges and how our 'IT Smart Spend' service can work for you
then please feel free to call now for a 'no obligation' initial
discussion. You can reach me, John Corr, on Tel: 020 7748 2225 or
email me at