Holistic cost management for banks
Horn & Company is your consulting partner for establishing sustainable and effective cost management.
Strengthening resilience through “proactive” cost management
The proven Horn & Company framework for holistic cost management can reduce your cost base in the long-term and broaden your view beyond key aspects such as cost types, organizational units or bank divisions. Our experience shows that costs are rising significantly in banks, which is why efficient cost management is crucial. Our clients increasingly rely on a holistic approach that encompasses both reactive (“present-day”) and proactive (“forward-looking”) cost optimization. The tried-and-tested Horn & Company framework for cost management allows a quick assessment of the current situation with a back-to-back comparison to the relevant peer group. In addition to the proven Horn & Company tool set for cost reduction, a sustainable long-term optimization can only be achieved through a proactive approach. Among others, this includes the anticipation of potential events, a robust business model and the ability to regenerate quickly. Interested? Get in touch with our experts to strengthen the resilience of your company through foresight, close collaboration and partnership, shaping your organization.
Our experts rethink cost management for you
Selected references of cost management Projects
savings bank – Development and execution of the strategy process for cost efficiency and growth
Challenge
| Major challenge lies in increasing cost efficiency in conjunction with the development of a growth strategy. The central challenge here was the “agilization of the organization” in order to establish an efficient delivery organization for the bank, making the cost structures flexible and adaptable. |
Solution Strategy
| In order to increase cost efficiency, a comprehensive strategy process was initiated by the experts at Horn & Company, which involved all business units. Reactive measures in accordance with the H&C framework provided transparency on short-term savings potential. In addition, proactive initiatives – such as agilization - ensured that the organization remained flexible and was able to react to market changes. Horn & Company's proactive measures in the context of cost management proved successful here, as they helped the organization to achieve greater cost flexibility in the mid- and long-term. |
Large cooperative bank – Execution of the cost program as part of the bank-wide strategy agenda
Challenge
| An ambitious cost reduction in the high double-digit million range is to be achieved within four years. Structural measures must be developed to increase cost efficiency and ensure that the long-term goals of the bank-wide strategic agenda are met. The challenge here is to involve all departments and establish sustainable cost management with clear responsibilities. |
Solution Strategy
| Experts from Horn & Company guided the client through a structured and comprehensive cost management process. Initially, a reactive approach was pursued and savings potential was identified on the basis of an in-depth analysis of the existing cost structures. Specific levers and cost measures were then defined and implemented in close coordination with the relevant departments. At the same time, Horn & Company developed structural measures aimed at increasing the bank's efficiency. Using the H&C framework, impulses for proactive long-term cost efficiency were defined and implemented successfully. |