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Our team has worked on projects, which vary
significantly in size, but they share five common
features:
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They are
strategically important to our clients;
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They require
specific skills and experience provided by The
Axcess Group;
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We work with
our clients to achieve results that the business can
implement
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Our clients people gain from our
people and knowledge bases; and
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Our approach
is driven by the need to enhance shareholder value.
Examples of the variety of work our consultants have
undertaken are:
Major UK Retail bank
Our client was looking to enhance customer service and
significantly reduce costs, but the line business areas
had a portfolio of change initiatives and were reluctant
to free up resources to tackle “another change project.”
Instead we worked with the Information Systems team to
analyse the core 180 information systems that supported
the Division, and identified an opportunity to reduce
this number to around 75. This would reduce the
technology budget by around £35m for an investment of
£12m. However, on the back of this presentation, the
Divisional Chief Executive could see the power of
changing business processes, consolidating back office
activities into shared services units, consolidating
payments processes and restructuring the organisation
structure, such that benefits of £200m pa were
identified with costs to achieve of circa £90m. These
benefits were realised within 30 months.
Major Insurance Company
The insurance company's bank had offered asset based
lending products for a number of years but had not
managed to increase volumes of business. We undertook
market research with retail customers and
intermediaries, which identified key service and product
failings. Our client and our people redesigned the
products and business processes supporting the products
in line with the validated findings of the research, and
the improvements launched. This resulted in a four-fold
increase in the volumes of business in asset lending. A
similar project was then initiated in investment
products, with similar success.
Global Pharmaceuticals Company
The manufacturing cost base of this Pharmaceuticals
Company had been increasing for a number of years and
senior management were becoming concerned about both the
cost of manufacturing but more importantly its ability
to support the new product launches over the coming five
years. A joint client-consulting team undertook a review
of the manufacturing plant network. We recommended that
just over half of the factories should be shut and
investment into the other factories structured around a
manufacturing competencies framework to utilise the
corporate capabilities and competencies. This resulted
in a 28% reduction in the cost base of manufacturing
(over £500m pa) but a near tenfold increase in the
flexibility of the network to market and new product
demands.
Global Technology Company
Our client had tried unsuccessfully to develop quality
relationships with its major clients, and was regarded
as a software company and “box shifter”. We worked with
the Global Management team to define a marketing and
senior management relationship process to sit above the
global account programme. This resulted in the client
moving to principal partner status in 80% of their major
clients, and a near doubling in revenues with each of
the clients in two years.
Global Technology Company
Our client had suspicions that the finance function’s
reporting was not accurate and there were issues around
the integrity of the Finance Director. We carried out a
review the strategic business units sales and
profitability, which led to a detailed review of the
accounting processes and controls. We ran our computer
software looking for transactions that were out of line
of the ordinary course of business. This led to the
identification of a major fraud. Our report was passed
to the Police and subsequently this led to a prison
sentence for the Finance Director.
Copyright © 2006 The Axcess Group. All rights reserved.
Updated: 11/03/10.
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