Efficiency

Achieving and maintaining operational efficiency is one of the most important business practices for remaining profitable in any business climate. For a financial services organization this means keeping costs low relative to revenue and income levels and making the most with a limited budget and resources. While technology has clearly helped to revolutionize the way we work, its quick adoption has resulted in excess and overlap. As a result, the IT function is one area that should be looked at carefully when considering ways to streamline the business.

BTE Consulting works closely with its clients to help them achieve and maintain optimal efficiency. It begins with creating a foundation on which to make timely, strategic and tactical decisions in support of business priorities. That base is created by capturing business, operational, application, data and infrastructure information in our proprietary Enterprise Alignment Explorer and is a key component of our three-step approach. BTE and its client are then able to rationalize the information to make controlled, proactive choices. BTE provides a roadmap to achieve optimal efficiency—minimizing redundancies and complexities, reducing costs, and increasing member services and speed of delivery to the organization. What’s more, because BTE turns over the Enterprise Alignment Explorer to its clients, they can leverage the foundation they’ve built and maintain efficiency into the future.

Case in Point
Recognizing that its IT organization wasn’t running as efficiently as it could be, BTE’s client engaged their expertise to uncover opportunities where the function could be streamlined. Using its proven approach, BTE identified hundreds of redundant applications and a budget that was much greater than was necessary to support the business. By providing factual data about their current environment, BTE empowered its client to make evidence based decisions when asking questions such as, “Do I have overlapping applications and technologies?”

Through its rationalization process, BTE helped the business reduce its budget and ensure it was realizing the greatest benefits from its applications portfolio. In addition, they were able to capitalize on the process they used to achieve efficiency by repeating it with an acquisition candidate and ensuring a return on assets. BTE was able to help the client support planning, reduce complexity and improve focus, enhance the business value of IT and improve performance over time.