TECHNOLOGY COST RATIONALIZATION
INTRODUCTION Companies We have worked at...
We are a team of former SVP, CIO, CTO, and Directors with over 50 years combined extensive experience at cost conscious and process driven companies such as GE, Genworth, Vanguard, Aetna, and HRH (now Willis Group). Let us be your advocate in reducing costs while you run your business as usual. “What is unique about our firm -- no cost up front. Paid based on percentage on actual savings identified�
LPKGROUP
What We Do? We help companies identify and realize cost savings opportunities and effectively manage and measure supplier relationships. Our Service: We focus on spend analysis, benchmarking, contract management, and negotiations. We work with our clients to minimize costs without reducing services.
Your Benefit: On average a 10% to 20% savings and a better understanding of your spend.
LPKGROUP
Our Work $3M
Media Company (3,000 Employees) Benchmark their current spending verses our data to identify savings in: Desktop/Laptop purchases, Printer and cartridge expenses, Network costs.
$4M
Insurance Intermediary (4,000 Employees) Identified $4M savings on their $24M IT budget. Benchmarked their current spending. Found savings in network expenses, printer and print management expenses, software (purchased), help-desk.
$90k
Small Construction Firm (70 employees) After benchmarking their desktop management and help-desk services, we identified a 45% annual cost reduction.
30%
Larger Apartment Management Company By redoing their contracts and identifying a better technology solution, we found a 30% annual cost reduction on the internet service. We also reduced risk exposure.
$100k
Small Non-profit (40 employees). Analyzed their operating budget and identified 35% budget reduction without impact to services. Costs savings identified in network, printer management, hardware purchases.
$190k
Mid-size law firm (150 Employees) After benchmarking their desktop management and helpdesk services, we identified over 50% annual cost reduction. In addition we identified significant improvement in service levels.
$8M
Insurance Intermediary - HRH (4,500 employees) In our first year as the IT leadership team, we attained a 20% cost reduction while significantly increasing the service levels.
LPKGROUP
IT Budget: $14M
Savings Identified: $3M
IT Budget: $24M
Savings Identified: $4M
Currently working with their purchasing team to renegotiate their contracts with the software vendor. Our analysis indicated an annual maintenance cost over 65% of purchased price. Expect a $200k reduction on annual software maintenance.
Desktop support: $180k
Savings Identified: $90k
30% Cost Reduction We continue to work with the customer to change these contracts to revenue generating opportunities.
IT Budget:$360k
Savings Identified: $100k
Support cost:$360k
Savings Identified: $190k
Assisting in data gathering and tracking work, to customize the solutions and improve service.
IT Budget: $35M
Savings Identified: $7M
First year savings attained by renegotiating contracts and standardizing technologies, and eliminating over-subscription. Saving found in network, data center, desktop/ laptop, printers, telecom, software contracts, and Help-desk & support.
SERVICE OFFERING We look across IT Expenses and Investment Budgets: ‣Software and Licensing costs and usage ‣Desktop & Laptop purchasing costs and standards ‣Help Desk costs (per user costs) ‣Desktop Management and Support cost (per user costs) ‣Printers and Print Management Expense ‣Network and Telecomm Expenses ‣Wireless Services and Expenses ‣Telephone/Telephony Expenses ‣Data Center Expenses How are we different? ‣ Compensation model (no upfront charge). Revenue based on actual savings realized. ‣ Scope not limited to one function, but total IT spend. ‣ Speed of execution. We can provide findings and recommendations within days. ‣ Vendor Independent. ‣ Top talent with vast experience of managing vendors and purchasing.
LPKGROUP
Client Profile Insurance Services Financial Services Media Services Medical Services Property Management Food Services Legal/Law services Non-profit Organizations
We are across industry service LPKGROUP
THE PROCESS 3 Step Process Duration: 1 to 2 weeks
Initial Assessment
1 2 3
•Data gathering Questionnaire •On-site meeting to complete Initial Assessment •Document of Understanding
Recommendation
Implementation
LPKGROUP
Duration: 1 to 2 weeks
•Present Target Savings Opportunity •Impact & Timeline for Execution •Statement of Work for Pending project
•Detailed Saving Plan •Detailed project tasks •Execution of savings initiatives •Savings Realization