SUCCESS STORY
Helping a global bank with its own savings
- A global bank serving over 37 million customers, corporate clients and financial institutions across 40 countries.
our impact
Tasked to help this client deliver a bottom-line cost saving of €50m across a €1.2bn portfolio of spend in three years, 4C provided programme and change management experience, underpinned with rigorous governance and reporting, to coordinate the identification and delivery of opportunities across marketing, facilities management, operations, human resources and technology.
After one year our cost optimisation strategy and execution delivered over €35m to the bottom line and we were able to hand over to the client to go on to achieve its overall target.
the Business challenge
Our Approach
4C Associates procurement and cost optimisation expertise, insight and data were also used to drive the development of project charters for each opportunity – as well as validating plans through internal and external benchmarks to ensure the client was targeting maximum cost optimisation
Through a planned series of workshops, a total of over 200 candidate cost optimisation projects were identified, which led to over 50 actual projects with charters for delivery
The client was able to shape, mobilise and deliver the programme to its preferred timeline and start delivering savings to the bottom line within the first year
Over €35m of the three-year target €50m improvement was successfully delivered to the bottom line in the first 12 months
Through our structured handover and upskilling, the client was able to continue delivery of the programme after year one to complete the remainder of the targeted savings