Leveraging our unique process and market insight, Strongbow identified 10X more savings potential than another 3rd party benchmark, and effectively actioned our recommendations to capture $11M+ in annual savings within 6 months of engagement
Client Situation:
- A Fortune 100 Financial Services company completed an annual benchmark study, identifying $1M – $1.5M in annual cost savings
- Voice and data teams were not aligned under executive leadership, creating fractured sourcing and vendor management strategies
- Although the data team had recently transformed the WAN, upcoming modernization initiatives required additional funding, and capturing maximum incremental savings was a critical
Strongbow Approach:
- Strongbow collected targeted financial and technical data, including readily available invoice and inventory documents; requirements for client resources were minimized given resource constraints
- Strongbow performed a comprehensive and detailed assessment of the current network environment, including both data and voice services, identifying $10M+ in annual savings potential
- Strongbow prepared a detailed and actionable recommendations report for the client, showing a path to savings across multiple service categories; in addition, operational and technical risks were identified, including a plan for risk remediation
Result:
- Strongbow was engaged to implement all recommendations; leveraging both cost optimization and competitive sourcing techniques, Strongbow delivered over $11M in annual cost savings within 6 months of publishing the initial recommendations report