New York Bank Cuts Software Costs with CPT Global's Strategic Optimization

Challenge 

A large New York global bank had a significant deployment of third-party software across their mainframe, midrange, and open systems environments.​​

Following a significant price increase by the vendor, the bank sought ways to reduce costs associated with this software.​​

Initial ROI calculations for complete removal of the software did not meet the bank's requirements. 

CPT Global’s Actions 

CPT Global worked with the bank on several fronts.​​

First, CPT collaborated with senior management to develop a comprehensive ROI model for removing the software.​

Second, CPT worked with the client to plan and execute a phased removal of the software within the 3-year license period. This included developing a go-to-market strategy, vendor management, RFP creation and evaluation, and business case development.​​

Finally, CPT facilitated collaboration between the bank and several other large organizations facing similar cost pressures, enabling them to collectively negotiate with the vendor for more favorable pricing.​ 

Results 

• Software footprint reduction through the progressive removal of specific  third-party products.​
  
• Renegotiated pricing achieved through collaboration with other organizations.​
  
• Strategic go-to-market strategy and vendor management for software removal.​
  
• Significant cost savings achieved via software removal and pricing renegotiation.​
  

CPT Global's collaboration and strategic planning helped the bank cut software costs effectively while optimizing operations.