A major African bank

05 September 2017 — 1 min read

Financial Services

Sourcing & Commercial Office

This bank needed the right strategic service provider to transform their pan-African estate. By introducing Collaborative Solutioning – our award-winning approach to sourcing, and the innovative use of Proof of Concepts, we achieved the result of a shortlist of three providers in less than two months…

This bank, one of Africa’s major financial services providers, offers personal and business banking, credit cards, corporate and investment banking, and wealth and investment management. To enable growth, they knew that improving the technology infrastructure was a strategic priority.

The performance of the IT infrastructure that was supporting banking operations across the continent did not meet business requirements. This was leading to poor customer experience, reduced agility and loss of competitive advantage. It was in urgent need of remediation.

Why Elixirr?

Realizing the need for external expertise and a trusted advisor, this bank engaged us for our internationally recognized capabilities in sourcing advisory, vendor selection and management, organizational design and operational strategy.

01 Overview

This bank engaged us to shortlist three service providers from 11 applicants through a focussed RFI approach, and then the subsequent selection of two successful parties through leveraging our proprietary award-winning Collaborative Solutioning capability and innovative use of Proof of Concepts (PoC).

02 Outcome

Shortlisted 3 strategic service providers from 11 applicants in less than two months

03 Method

Collaborative Solutioning, innovative use of Proof of Concepts, & best practice sourcing & vendor management techniques

The challenge

The main challenge was to provide support to deliver the required infrastructure transformation at the necessary pace. The regional level of technical and managerial skills needed were scarce in Africa, so it was decided that the Infrastructure Services should partner with one or more service providers, and they asked for our support in selecting them. The aim? To implement a remediation program and establish an infrastructure estate across the continent that was fit-for-purpose and could be sustainably managed and updated in the future.

The approach

The first stage of the project was to select the appropriate strategic partners to support the bank in the transformation. We started by issuing a Request for Information (RFI) to 11 preferred service providers. We then evaluated the breadth and quality of their operations in Africa, delivery experience, client credentials, and the bank’s prior experiences with them. The RFI questions, evaluation approach and criteria were designed with reference to the bank’s specific situation and weighted in accordance with the stated priorities of the program. We concentrated on nine identified areas (including geographical coverage and transformation) and defined a shortlist of three providers in less than two months.

We then used our innovative Collaborative Solutioning approach to conduct a series of workshops with shortlisted vendors, to develop viable transition and transformation proposals with each potential partner. This involved significant engagement from key stakeholders, to ensure that the solutions developed were appropriate for the organization’s strategy and aligned with ongoing and planned technology initiatives.

In parallel with these workshops we ran a Proof of Concept (PoC), in which the shortlisted providers were given access to one country each (Zambia, Ghana and Uganda) for 3 months, to make as many improvements to the existing infrastructure as possible. The focus during this time was on the achievement of ‘quick wins’. These would not only indicate the vendors’ ability to make immediate impact, but also demonstrate real change to the bank’s in-country teams who had previously suffered from under-investment and a lack of central management attention. Our final recommendation on vendor selection was based on the quality of the full solution and vendor performance during the PoC. Concurrently, through the Collaborative Solutioning process, we agreed the heads of terms and main contract clauses with the three vendors. This meant that when we selected a dual-vendor approach, we could rapidly get to a signed contract with these vendors.

The value delivered

By bringing our fresh perspective to the bank’s sourcing and vendor selection strategy, applying Collaborative Solutioning and our international experience throughout the program, we were able to significantly expedite the vendor selection process. All stakeholders came together to workshop potential solutions simultaneously, leading to increased value and a sustainable solution for the future. In summary, this meant that we were able to contract with the chosen vendors much faster than a traditional RFP process, saving significant fees for the bank as well as getting to the program’s business case much sooner.

""I have worked with many consulting firms to deliver strategic RFPs for large strategic contracts, but have yet to be as impressed as I have been by the Elixirr team throughout their support & thought leadership to our Program. They are always flexible and go the extra mile in delivering beyond expectations in unchartered territory. They are flexible and absorb changes easily – an absolute prerequisite to doing successful business across 11 countries in a territory such as Africa.""

Director, Infrastructure Services A major African bank