Solving IT cost optimization for a leading consumer finance bank

Trapped by monolithic applications, our leading IT client faced sluggish business ability and hefty costs. On-premises infrastructure burdened them with 95% of applications and skyrocketing licensing fees. The urgent need? Modernization and automation for streamlined workflows and cost savings. This demanded a shift away from monolithic structures towards agility-boosting solutions and automation focused on boosting employee productivity.

Unlocking hidden value: Ascendion charts a path to cost savings and efficiency

Ascendion generated a value hypothesis across fit-shoring, process and technology debt reduction, cloud transformation, and hardware consolidation and elimination. Ascendion developed a unified application architecture, debt heatmaps across technologies and applications, cloud transformation and vendor consolidation opportunities roadmap.

The results:

• 39% IT spend reduction over three years
• 60% fit shoring opportunities identified
• 26% debt reduction using automation and modernization
• 8% reduction in licensing costs through cloud transformation