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Catalyst has the experience and business process knowledge to help us derive more value from the dollars we spend on technology projects on an enterprise scale"
The Challenge
In order for financial institutions to provide services to their customers, reliance on Information Technology is a given. Enterprise technology systems are difficult and costly to implement. Studies show that a large portion of the overall implementation cost can be attributed to consulting fees. Therefore, it becomes crucial to use consultants who are knowledgeable, skilled and experienced to keep overall costs low. On one hand, organizations want to reduce the engagement of costly consultants, but on the other hand, many organizations do not have the internal knowledge, skills and experience to implement an enterprise wide system successfully without external assistance. Choosing the right consulting group with the knowledge, skills, experience, as well as the transfer of essential knowledge to your organization becomes essential to the overall success of an enterprise systems implementation.
The process for creating more Information Technology value consists of several phases—Assessment, Solution Selection, Planning, Transition, Stabilization, and Optimization. Each phase is comprised of interrelated activities that focus on the processes to be followed, the people involved, the technology used, and the overall culture of the client.
Catalyst Response
Catalyst has a proven methodology for rapidly assessing technology issues and developing solution plans using its internal, external, and third-party subject matter experts.
Benefits
Catalyst’s value comes from our deep understanding of the best practices for IT Management and Operation. This knowledge minimizes management distraction, documents the decision process, reduces time to decision, satisfies due diligence requirements and creates "buy-in" among the stakeholders within your institution. This leads to a more effective utilization of technology resources and provides the institution with IT value that is on-going.
