Executing major IT strategy design, carve-out planning and execution for simultaneous divestiture and spin-off
A client planned to divest their Capital Markets division and simultaneously spin-off (via IPO) their capital markets business. They needed to develop IT strategies for both the newly separated financial services business and the remaining organization post-divestitures.
Designing future state IT strategies for both entities based on rigorous evaluation of current IT capabilities, external benchmarks and requirements for post-divesture organizations.
Preparing and executing a transition roadmap for IT reorganization, infrastructure, governance and policies and business application rationalization
Designing and executing transition plan for financial reporting and consolidation. Implementing interim a financial reporting solution for the new entity
Client: Large multi-national conglomerate
Industry: Banking and Financial Services
Services: Data and analytics, Customer Strategy, Technology
Solution: IT strategy by moving existing technologies to the acquiring entity using a unique peer-to-peer data center migration solution.
Aligning Current Practices with New Regulations
One of the largest full-service providers of consumer and commercial banking, wealth management, mortgage and insurance products engaged Satellnet to assess the bank’s current state of maturity and effectiveness across three main components: Program Design, Level of Execution, and overall Organizational Effectiveness.
Client: Large financial services company
Industry: Banking and Insurance
Services: Regulatory Services
Solution: Through the assessment, Satellnet identified gaps and developed recommendations to more effectively align the bank’s new program with current and pending regulatory guidelines. The assessment provided a remediation work plan and schedule including a responsibility matrix to ensure successful execution.
ROI for Strategic Sourcing Initiatives
A leading luxury resort engaged Satellnet to provide category management, procurement strategy, and support to Sourcing leadership.
Client: International Resort and Casino
Industry: Hospitality and Entertainment
Services: Strategic Sourcing Services and Customer Strategy
Solution: Satellnet conducted analysis and benchmarking across key operational categories and based on findings executed an RFP process that led to a reduction of SKU’s and cost reductions of between 16%-33% in reviewed categories. Other deliverables included sourcing strategies to accelerate savings for categories where there was an operational risk to change, compliance and supplier relationship management recommendations, new analytical methodologies for sourcing data, and a short, medium, and long term strategy for fuel sourcing.
Overall savings results represented an 8:1 return on investment against Satellnet fees.
IT Outsourcing for 25 Percent Reduction in Operating Costs
One of the world’s top ten financial institutions sought to review the IT organization and services processes for its US-based business operations. The client was considering a full range of organizational models to create a unified suite of services, performance metrics and cost efficiencies.
Solution: Satellnet experts collected and organized the relevant data and provided a roadmap for internal (shared services) and external (outsourcing) realignment of the bank’s IT operations.
The resulting Shared Services organization yielded improvements in agility, alignment, and costs including organizational changes to accelerate integration and accountability, adoption of a service catalog for common services, rationalization of third-party services contracting, adoption of policies for third-party risk management and realignment of the operating footprint.
Taken together, these actions reduced risk, improved compliance status, and allowed a 25% reduction in operating costs.
Satellnet's Fund Analytics Services Team worked with a leading investment management firm with a portfolio of real assets of hundreds of properties and dozens of managers. The Satellnet team’s task was to extract historical financial data from thousands of legacy documents, sort and centralize the data, and efficiently ingest it into the new platform.
Client: Large investment banking firm
Industry: Financial Services
Services: Data and analytics, Process Automation
Solution: Developed innovative use of process automation technology, combined with deep operational and technical expertise, Satellnet enabled an accurate, speedy and seamless migration from legacy systems to the new Portfolio Monitoring platform.