Identify the top cost optimization initiatives for financial services

Prioritize your most important cost initiatives by business outcomes/value

Gartner decision frameworks enable you, through a combination of scoring and executive judgment, to identify key cost optimization initiatives to implement each over time.

  • Assess the level of impact across six decision factors/criteria (e.g., financial impact, risk).
  • Evaluate the trade-offs between benefits, costs, risk and viability of cost optimization initiatives.
  • Map your cost optimization initiatives on a simple grid to show the trade-offs and build buy-in.

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    Gartner decision frameworks enable you — through a combination of scoring and executive judgment — to identify key cost optimization initiatives to implement each over time.

    • Assess the level of impact across six decision factors/criteria (eg financial impact, risk).
    • Evaluate the trade-offs between benefits, costs, risk and viability of cost optimization initiatives. 
    • Map your cost optimization initiatives on a simple grid to show the trade-offs and build buy-in.

    Strategic, Programmatic Cost Optimization

    Urgent budget pressure is real, but be strategic and programmatic about cost optimization so that short- and midterm cost decisions don’t jeopardize the long-term effectiveness and objectives of your function and organization.

    1.
    Rapidly identify ways to reduce costs
    2.
    Benchmark current spend and efficiency
    3.
    Identify and prioritize opportunities
    4.
    Implement initiatives and communicate plan
    5.
    Plan for unforeseen scenarios and remain agile

    Learn more about other tools to execute your cost management strategy

    Benchmark your financial services cost and value baseline

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