A MAJOR
BANK'S
Technology Services Group needed to consolidate a disjointed infrastructure
of technologies and systems into a coherent global network. At the
beginning, more than 30,000 detached/independent systems were used
throughout the world. Lines of business were not interconnected, and
it was estimated that only 10% of the technology was being properly
utilized. Employees were resistant to change.
Balance Point
coordinated a high-speed, targeted intervention. A network of internal
teams was established. One hundred senior executives from the bank's
various lines of business participated in a three-day off site alignment
and planning event. High-level strategic goals were identified, and
an action plan for transformation was created.
Only
two months later, their goals were 95% complete, many beyond projection.
During the first fiscal year, operational costs savings amounted to
$4,840,400. Projected savings for the following year were nearly $8
million.