As IT and business leaders operating in a dynamic technological and skills landscape, striking a balance between cost constraints and the imperative for transformative efforts is a familiar challenge. The need to enhance service delivery, accelerate processes, and improve user experiences often conflicts with budget limitations.
Addressing this challenge requires a strategic approach to identify opportunities for reducing run costs, thereby creating resources to fuel growth and transformation initiatives.
Thinkwgroup’s Benchmarking Advisory Capability:
Thinkwgroup provides a benchmarking advisory capability that brings to bear profound financial modeling and analysis expertise. This capability aids clients in understanding the genuine cost of service delivery, whether it be through retained or outsourced models, and how these costs align with market standards.
Key Features of Thinkwgroup’s Benchmarking Approach:
- Deep Financial Modeling:
- Utilizes advanced financial modeling and analysis techniques.
- True Cost Visibility:
- Offers visibility into the actual cost of services, surpassing a superficial budget overview.
- Flexibility:
- Employs flexible models that accommodate the uniqueness and practicalities inherent in each business.
- What-If Scenarios:
- Incorporates what-if scenarios, allowing for simulations of changes in service profiles and their corresponding impacts on cost structures.
Cost Benchmarking:
- Internal vs. Vendor Costs:
- Benchmarks costs across both internal service delivery and vendor-contract pricing.
- Proprietary Database:
- Leverages a proprietary database derived from retained cost assessments and sourcing advisory engagements.
- Industry-Experienced Advisors:
- Differentiates by staffing highly tenured industry advisors on every engagement, providing seasoned insights as opposed to relying on inexperienced spreadsheet analysts.
Benefits of Thinkwgroup’s Benchmarking Advisory:
- Accurate Cost Assessment:
- Ensures accuracy in assessing the actual cost of service delivery.
- Data-Driven Decision Making:
- Empowers clients with data-driven insights to inform decision-making processes.
- Strategic Cost Reduction:
- Identifies strategic opportunities for reducing run costs to fund growth and transformation.
- Scenario Planning:
- Facilitates scenario planning to anticipate the impact of changes in service profiles on cost structures.
Thinkwgroup’s benchmarking advisory capability stands out for its combination of financial modeling prowess, true cost visibility, and the expertise of industry-experienced advisors. This approach ensures that clients receive comprehensive insights, allowing them to make informed decisions in the pursuit of optimizing costs and driving organizational growth and transformation.