Client Needs & Objectives
As part of global cost reduction initiatives, our client wanted to analyze the opportunities of nearshoring and offshoring for Compliance functions.
The main objectives were as follows:
- Validate the choice of the target locations
- Identify transfer opportunities within each unit
- Define the implementation roadmap
- Measure the costs and savings related to such transfers
Our approach
Target location strategy and business case:
- Relocation sites validation with deep labor market analysis
- Task-specific evaluation regarding added value and complexity
Transferability study:
- Identification of constraints for transfer (expertise, regulation, proximity need, time zone, critical size, consistency, op risk)
- Synthesis of the functions to be transferred
Scenario validation and roadmap:
- Scenario building and target set-up choice
- Calculation of the project costs and related savings
- Implementation roadmap and communication strategy, definition of the oversight set-up
