Contractual & Commercial Review
Contractual & Commercial Review
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Problem Statement
Problem Statement
Bank wanted to offer a best-in-class GTB offering to it's multi-country Transaction Banking clients. Vendor finalized but contractual complexity due to a previously stalled co-build attempt. Required assistance in solving vendor complexity & moving program forward towards implementation.
Approach
Approach
Contract assessment framework
Contract review
Internal Analysis - stakeholders
Stalled attempt root cause identification
Way forward designed to achieve program goals considering stalled attempt root cause and stakeholder challenges
Key Findings/Results
Key Findings/Results
Pivoted approach to a buy approach instead of co-build, bringing all stakeholders to the table
Drastically simplified contract
Saved 40% of project cost through strategic negotiation and scope detailing
Identified a million dollars of undue costs purely through vendor scope due diligence
Restarted project planning & transformation implementation
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