Citisoft introduces Operational Efficiency Product
London – Citisoft Plc announced that it has launched a new consulting product – ‘Operational Cost Efficiency’. This product has been developed by Citisoft through multiple global client projects and is designed to deliver specific advantages to investment management firms and third party administrators. Demand for Citisoft’s Operational Cost Efficiency consulting services has been on the increase as firms have sought domain specific expertise to advise them through current market challenges.
The Operational Cost Efficiency product is designed to rapidly identify areas of the business appropriate for change and repositions Citisoft clients to ensure their business and technical operating models are integrated and optimally designed to deliver against current and projected future needs. Citisoft works with client organisations to identify opportunities to improve efficiency and reduce costs through a repeatable methodology that can be tailored to each client’s unique business requirements. The increase in demand for this type of consulting service is supported by recent McKinsey industry research that reports 74% of executive strategies are to focus on reducing operating costs and 45% on increasing productivity. Citisoft’s Operational Cost Efficiency product is designed to deliver to both.
In the current economic climate, effective cost reduction is arguably the key driver for investment management firms and their administrators. Citisoft assists its clients by utilising the Operational Cost Efficiency product to achieve these goals through the most appropriate means for the firm, including funds rationalisation, process re-engineering, shared services, centre of excellence, offshore (BPO), systems rationalisation, systems integration, M&A and JV, all of which seek to deliver to the client firm the ability to ‘do more with less’. Because each Citisoft client is unique the Operational Cost Efficiency product is deliberately designed to be flexible and can be tailored to the needs of each client firm. As the product is a proven approach, it allows Citisoft to fast track the process via a logical model that navigates the most appropriate course for change, in a way that takes into account existing dependencies and constraints but also introduces future options that fit the client firm’s appetite for risk and its culture.