UK bank unlocks £23.2m in cost savings

project results

• £23.2m in total software costs savings achieved
• Support for large cloud & data centre migration program
• Scenario planning to identify risks, financial & user impact
• £4.2m in tangible cost savings delivered & £19m in costs avoided

how we engaged

Synyega was engaged to support the bank throughout the cloud and data centre migration program, our team of specialist licensing experts provided analysis, advice and best practice guidance on optimisation pre, during and post migration to the cloud from the bank’s existing data centre infrastructure. Our team identified and supported mitigated of any identified risks, protect the reputation of the bank and the project budget to ensure successful outcomes were achieved.

By focusing on these key points, Synyega’s ITAM and Cloud experts were able to ensure a strategic and risk-averse contribution to the bank’s IT transformation was achieved and cost savings were achieved during the project.

our solution

A Vendor Migration Report was produced including detailed data from the current estate which was then skilfully modelled by our team into the proposed transformation and cloud migration plans. This report gave guidance on licensing impacts of the current plan and a thorough forecast of the possible financial implications. A pivotal aspect of the report was to model the effect that the proposed migration would have on the licensing arrangements for the top 30 software vendors.

working with the client

The report included possible dual run licences during the migration itself and was presented alongside a heat map to ensure the client was aware of their exposure at each migration stage. The Heat Map together with the Vendor Migration Report gave a clear awareness of financial risk and impact on users during the migration.

This case study shows how key good communication is when looking at a Cloud migration. The Synyega team went to great lengths to ensure the reporting was as easily digestible for the client as possible, so had a greater effect on the outcome as was usable, timely and accurate.

client benefits

Collaboration between Synyega and this banking client achieved savings exceeding £23 million (£4m in tangible savings delivered and £19m in costs avoided), importantly during the project the teams successfully mitigated migration risks proactively to reduce any adverse impacts.

Our dedicated team delivered comprehensive reports pre, during, and post-migration to maintain client control throughout the process ensuring defined outcomes were achieved, which generated positive reputational publicity for the bank upon delivery of the project.