FEatured Case study
Streamlining Process Automation for Enhanced Efficiency and Cost Savings
Fragmented Operating Model Hindered Efficiency and Scalability
A financial services client faced a fragmented operating model that hindered efficiency and scalability. Challenges included a disjointed customer experience, inconsistent processes across implementation teams, redundant tools, and a lack of standardized management routines. Manual workflows and multiple handoffs increased rework and onboarding time, while organizational redesigns introduced unintended complexities. The client needed a cohesive strategy to streamline processes, reduce costs, and enhance customer and employee experiences without relying on specialized knowledge or outdated systems.
Solutions
✓ Identified Key Issues
✓ Highlighted Strengths
✓ Noted Risks
The Approach
The client partnered with The Abaco Group to develop a transformative process automation strategy. The Abaco Group adopted a structured, process-driven approach to address the
client’s operational inefficiencies, leveraging automation to drive sustainable results.
Operating Model Assessment
- Conducted a comprehensive review, identifying key issues: fragmented customer journeys, tool proliferation, inconsistent processes, and employee constraints.
- Highlighted strengths, such as a strong delivery culture, but noted risks like manual processes prone to errors and scalability limitations.
Solutions
✓ Mapped Client Conversion Process
✓ Identified Data Transformation
✓ Confirmed Reliances
Process Mapping and Current State Analysis
- Created detailed end-to-end data mapping of the client conversion process, visualizing people, process, and technology interactions.
- Identified significant handoffs and data transformations, confirming reliance on expertise to meet demand, which increased complexity and rework.
Solutions
✓ Recommended Platform for Data Mapping
✓ Proposed Initiatives to Standardize Project Management
✓ Prioritized Toolsets for Intake and Scheduling
Solution Design and Automation Strategy
- Recommended the Data Bolt Platform to standardize and automate data mapping and conversion, reducing dependency on traditional ETL solutions.
- Proposed eight key initiatives, including setting up a program office, standardizing project management tools, and prioritizing toolsets for intake, scheduling, and ticketing.
Solutions
✓ Outlined Roadmap to Enhance Platform Capabilities
✓ Integrated Platform with Existing Tools
✓ Improved Collaboration and Client Interaction
Enterprise Solution Roadmap Development
- Outlined a roadmap to enhance Data Bolt capabilities, including adding source/target processors, enabling roles for project managers and trainers, and integrating with existing tools.
- Planned features like intelligent intake, automated mock environments, and an external self-service portal to improve collaboration and client interaction.
Solutions
✓ Built Case for Investments and Results
✓ Validated Benefits with Stakeholders
✓ Improved Time-to-Revenue
Business Case and Validation
- Built a robust business case, projecting $2.04 million in investment for $3.26 million NPV, with 20,900 hours saved annually across Credit (13,450 hours), Debit (2,300 hours), and PRODUCT (5,150 hours).
- Validated benefits with stakeholders, confirming 30% rework reduction, 40%+ effort savings, and improved time-to-revenue.
Solutions
✓ Advised Routines for Execution
✓ Recommended Detailed Customer Journey Maps
✓ Provided Mechanism to Review Improvement Ideas
Strategic Recommendations for Execution
- Advised establishing cross-functional management routines, governance, and communication plans to ensure disciplined execution.
- Recommended detailed customer journey maps and a mechanism to review improvement ideas, positioning the client as a top employer and enhancing colleague experience.
The Results
By partnering with The Abaco Group, the firm achieved outstanding outcomes:
01
Enhanced Efficiency
Reduced implementation effort by 20,900 hours annually.
02
Cost Savings
Achieved $1.69 million in yearly benefits including $1.32 million in savings and $0.37 million in revenue acceleration.
03
Streamlined Process
Delivered a 101.9% IRR with a 1.74 year payback through process automation strategy.
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