  Download the PDF: The Kindest Cut: The Vital Role of Cost Optimization in High Performance Financial Services [PDF, 142 KB]
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The financial crisis is forcing financial services companies to cut costs quickly. The temptation is to make bold, dramatic moves, like massive headcount reductions or across-the-board budget cuts. However, such actions can weaken companies, leaving them unable to take advantage of future market improvements. Companies must ensure that they are making the right cuts. They can do this by analyzing their operating model, reducing complexity, consolidating systems and outsourcing non-core functions. By making the right cuts, companies can reduce costs by up to 20 percent. We outline the challenges companies face when reducing costs, and the five key steps they should take to improve their chances of success. More information
To find out more about our approach to effective cost reduction, contact AccentureAsiaPacific@accenture.com About The Point
The Point is the regular publication of Accenture Financial Services. Each issue focuses on a specific business challenge facing senior executives in global banking, insurance and capital markets and offers strategic guidance on how they can convert that challenge into high performance and competitive differentiation. Search for issues of The Point by date To receive more Research & Insights, sign up for My Outlook, your single e-mail source for all of Accenture's latest ideas and innovation, personalized specifically to your business interests and the industry issues you face. |