A major federal banking institution wanted to replace its home-grown hedge accounting system and was looking for a vendor that could keep current with the ever-changing law and regulations around the banking and financial industry.
Objective
Replace home-grown hedge accounting software capable of keeping current with the ever-changing law and regulations in banking and finance industries
Approach
Integrate with Client's project team and negotiate with the vendor’s management team to secure an agreement saving money while meeting business priorities
Results
Saved $527,500 in 3 year term, negotiated cap on fee increase beyond 3 years, long term risk reduced with use of SaaS
