Short project large savingsNot all projects need to take months
One of the shortest and most effective projects we worked on was for a large bank. Members of our team were working alongside division leadership on a different project when a new opportunity was spotted. Quite literally while sitting in an office. While talking through a status update on a large scale transformation project, I spotted the name of a technology solution/vendor on the executive’s whiteboard. Upon asking it turns out that the bank used two different incredibly expensive technology systems at the same time, one in North America and another in Europe. What they hadn’t realized is that the contract in North America was global and that they could transition from two vendors to one for a $100 Million annual cost savings. There would be transition and implementation phase, but that would be recouped on the license fee in less than a few months.