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Getting to Win-Win: Success Factors in the HP/TD Bank Outsourcing ArrangementProduct Type: Market Research ReportPublished by: IDC Published: January 2005 Product Code: R104-23588 Description
This IDC study explores the features of a recent seven-year outsourcing arrangement between HP Canada and TD Bank for the upgrade and management of the bank's automated banking machine (ABM) network and point-of-sale (POS) transaction infrastructure. It discusses the business, technical, and relationship features of the arrangement that make it beneficial for both parties and highlights key characteristics that are transferable to other outsourcing situations. IDC believes that the key to a good outsourcing provider/customer relationship is a common focus by all parties on the customer's customer. That is the heart of the outsourcing customer's business, and it is the wellspring of future growth opportunities for services providers. Successful outsourcing arrangements on this basis can drive greater value from IT resources and more business benefit for both customers and services providers. "At a time when every bit of value from every aspect of business counts for meeting business goals, organizations will need to put considerable effort into making services provider/customer relationships as productive as possible to derive the most IT-based value from outsourcing arrangements." ? Margaret Tanaszi, global manager, IT Value Metrics and Measurement Table of Contents
Table of ContentsIDC Opinion In This Study Executive Summary Provider/Partner Integration Customer IT/Business Integration Collaborative Provider/Customer Solution Development Customer-Centered Governance Customer Focus and Joint Customer Stewardship Situation Overview Outsourcing in Financial Services Figure: Canada Financial Services Firms Outsourcing and Operations-Related Services Spending, 2004?2008 The HP/TD Bank Arrangement About TD Bank TD Bank's Challenges About HP HP's Response to the Request for Proposal Features of the Outsourcing Arrangement Secure Switching and Network Upgrade Strengthened Security End-to-End Solution Including Business Issues The Right Partners Provider's Integration with Partners Focus on Customer Collaborative Solution Development Client-Centered Engagement Governance Relationship Management Simplicity ? Inclusive Payment Schedule Adaptability ? Evergreen Technology Commitment Flexibility ? Exit Strategy and Transition Support Joint Customer Stewardship The Win-Wins TD Bank Benefits Service Delivery Incentive Service Continuity Cost Savings Positioning for the Future HP Benefits Potential to Leverage ABM Outsourcing Model Partnership Leverage Continual Improvement Opportunities Boost for Adaptive Enterprise Approach Future Outlook The Power of Many Future Win-Win Outsourcing ? Key Take-Aways Figure: Key Features of Win-Win Outsourcing Provider/Partner Integration Customer IT/Business Integration Collaborative Provider/Customer Solution Development Customer-Centered Governance Customer Focus and Joint Customer Stewardship Essential Guidance Actions to Consider Learn More Related Research Synopsis |
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