Businesses are constantly seeking avenues to innovate and modernize their business at minimal costs. Our client, a leader in the banking space, was seeking a partner to help identify transformation value and modernize their application infrastructure to save costs and automate the business.
They had monolithic legacy applications, incurred big infrastructure costs, and spent heavily on onsite resources. Huge licensing and infrastructure costs with 95% of applications running on-premises. Their challenges included lack of automation across business and IT, with moderate focus on productivity movement.
Unlocking opportunities across the business
Ascendion Pathfinder’s Due Diligence Assessment framework helped bring out the unknown and non-linear opportunities. We generated a Value Hypothesis across fit-shoring, process and technology debt reduction, cloud transformation, and hardware consolidation and elimination.
We developed a unified application architecture, debt heatmaps across technologies and applications, cloud transformation and vendor consolidation opportunities roadmap.
The results:
- $38 million Total Cost Savings by year 3
- 30%+ issues can be automated/eliminated through debt reduction
- 100% SQL license Optimization through cloud transformation
- 35% fit-shore opportunity across the 5 towers by year 1
