Cedar's business technology practice has been helping clients enable effective alignment of technology initiatives with that of business objectives and priorities. Globally, 20% of IT projects are reported to have failed in achieving corporate objectives, wasting $500 billion worldwide, because they get to be seen as "IT initiatives" with limited business ownership and alignment. Cedar helps avoid this through its successful delivery model and has a significant track record in helping clients in effectively aligning business and IT. Cedar's proprietary C-SCORE methodology helps clients through the 3-stage Business-Technology life cycle:
Envision: Design and develop business aligned IT strategy
Evaluate: Best-in-class system selection including RFP & BRS development, system evaluation and contractual/commercial negotiations
Empower: Successful implementation of system deployment through effective program management
Cedar has significant experience of executing above exercises for Banks & Financial institutions, Manufacturing & Industrial clients, Service Organizations and Group entities. Cedar's Business Technology team has over 150 years of collective experience across the above domains and has experience of executing above engagements across the globe - including the Americas, Europe, Middle East, India and South-east Asia. The key service offerings are as follows:
IT Strategy Formulation:
Cedar helps in conducting quick diagnostic of the IT function, including the business priorities and alignment, application & technical architecture, and the structure of IT organization to support the business model. Cedar then helps formulate a well aligned IT Strategy in a fast-track mode, in order to deliver the business objectives set by the organization, including alignment of key initiatives and timelines. Cedar also helps in designing IT scorecard for the technology function, aligned to the enterprise performance measures.
Core system selection:
Cedar has experience of evaluating & selecting over 64 solutions and vendors, across 12 different domains. Cedar also has significant experience of evaluating specialized vendors for testing, computer based training, and outsourced service providers for Cards, business processes & technology. Cedar's proprietary methodology helps in assisting clients, conduct a fast-track evaluation process to determine the best-fit solution based on functional, technical and vendor qualitative parameters, and also do a structured contractual & commercial negotiation process.
Program Management:
Cedar is a market leader in program management of complex implementation exercises, including enterprise wide projects such as core banking and ERP implementations and also in executing projects of specific nature in a timely and effective manner. Cedar has the distinct experience of successfully evaluating / program managing implementations of most leading global vendors and solutions across multiple domains - including Core Banking systems, Enterprise GL / ERP applications, Insurance systems, Data Warehousing & Business Intelligence solutions, CRM and specialized banking applications for Card management, Loan Origination, Cash Management, Treasury & Risk Management, Trade Finance, Loyalty solutions, Internet banking, wealth management, etc. Cedar also has significant experience in setting up and establishment of best-in-class call centers.
Cedar's program management model is well tested, and is aligned to execute the project with clear governance structure defined for managing project integration, scope, timelines, quality, resources, communication, risk and budgets. Cedar plays both a strategic role in program planning & resource mapping, monitoring timelines and risk management and an operational role in providing business / technical inputs, steering committee coordination and being the project documentation custodian.
Aligned Services:
In addition to the above areas, Cedar also helps in executing project health-checks and diagnostic exercises, system aligned process flow documentation, IT Policy and procedure document development, coordination of e-learning and data enrichment exercises, etc. Cedar's strong industry vertical expertise across financial services, manufacturing and services sector, and its rich practice areas across strategy, process and HR provides its clients, a significant advantage of maximizing the return of IT investments to deliver business value.
Cedar's value proposition across its engagements includes quantified benefits of reduction in investment costs and timely execution of projects and also qualitative benefits including effective utilization of resources and quality validation of IT deliverables.
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