Improved
efficiency and
productivity
levels within departments.
Outsourcing with FGS Bolsters
Productivity, Saves Money
THE CLIENT
INDUSTRY
Investment services
EMPLOYEES
7,000+
FORBES
Global 2000
SALES
$5.2 billion
THE CHALLENGE
The client was undergoing a complicated reorganization following a merger with a rival company. Like many mergers, this one exposed some redundancies in positions, so some employees were relocated while others were reassigned to new positions. The roles of eight people – from the customer service, client services and inventory departments – proved to be particularly tricky.
The client still needed the work these departments produced, but began to consider the wisdom of outsourcing the tasks themselves to save money on salaries and benefits. After all, streamlining and cutting costs were part of the motivation for the merger in the first place.
THE SOLUTION
The team at FGS could identify with the client’s dilemma—and also envision a sensible solution. FGS had customer service, client services and inventory departments, too, but had many more years of experience at running them. Although FGS could not duplicate every single function the client needed, such as some computer tasks, it could step in and provide the lion’s share of the services the client needed—and in a more efficient and economical manner. This new “mini merger” also held the promise of FGS and the client deepening their respective understanding of each other’s business practices, priorities and long-term goals.
THE VALUE
The client embraced FGS’s proposed “mini merger” because it enabled the company to:
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Improve efficiency and productivity levels within the three departments.
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Reap significant cost savings on employee salaries and benefits.
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Strengthen its collaboration with the like-minded team at FGS.