Strategy Execution: Large cost cutting program

Initial targets of the Simple and Efficient Program were 1,3 billion euro investment for 2 billion cost savings by 2016.
We implemented a monthly progress report and a quarterly review of the financial figures in parallel with a weekly change management review of all changes. With a limited amount of dedicated personnel we were able to ensure that decision makers could rely on highly qualitative information based on data received from about 2400 projects and 1200 programmes…
 
“You were a driving force, forming a great small team to guide 180.000 employees of the Group in their transformation.”
- Hervé Gouezel, Head of Simple & Efficient Corporate Program

PMO: A PMO selecting strategic projects

In order to improve its cost to income ratio, one of its overall strategic objectives, our client decided to optimize resource allocation through the implementation of a demand and portfolio management process for hundreds of internal projects.

Using dFakto methods and tools, management was able to challenge the new demands, prioritize projects, and decide on what to invest in. Budget overspend was identified and closely followed up during the execution of selected projects. The yearly gains were estimated at 4 million Euro, based on conservative calculations.

“We work with many consulting companies, but very few are as pragmatic, fast and results-oriented as the DF team were as they successfully assisted us in setting up a project portfolio management office across the entire company.”

- Antonio Nieto-Rodriguez, Head of Transversal Portfolio Management

RISK: Global risk management

Our client – the European leader in terms of factoring – had launched a Coordination Centre responsible for coordinating the factoring transversal topics and reporting to the Global Risk Management (GRM) of the institution.
The Centre was asked to give a holistic view on the risks borne by 17 factoring entities worldwide. Using dFakto’s solution, our client’s Risk Management Tool was able to manage its risk proactively in order to reduce expected losses. Our solution was often commended as fast, transversal, automated, secure and providing reliable information.
“During the whole course of that project, I was supported by a tremendous and dedicated team in the field. This allowed us to reach goals together we’d never reached before.”
- J. Paulus, Head of Global Risk Support (Factoring)