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  • Problem: A leading private equity firm invested in a failing business and needed to turn it around with goal of £60m in cost savings within the first two years
  • Solution: Develop and implement a three-year turnaround program based on redesigned processes to achieve reductions in costs and prevent revenue leakage
  • ROI: Achieved £57m annualized savings over 2 years

With the arrival of a new CEO, Synergetics was engaged to implement a 3 year turnaround program for the Banking and Healthcare businesses.

The implementation project work undertaken by Synergetics was focused in a number of key areas to bring about more than $90m of cost savings in the first two years of the turnaround program:

  • Global Procurement / Sourcing cost reduction program
  • Software Development process re-engineering, off-shoring and productivity improvement
  • Customer Facing process re-engineering, off-shoring and productivity improvement
  • Revenue Leakage reduction through “Contract – Collections” process / systems re-engineering

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