Belgium

Details

  • Industry: Financial Services, Banking, Insurance
  • Type: White paper
  • Date: 11/09/2012

Embedding Productivity Disciplines 

Big, one-time cost reduction programs rarely deliver sustainable improvements to their overall cost structure. As any experienced weight watcher knows, crash diets do not work. Once you stop dieting, you just put the weight back on. KPMG and its member firms have found that this ‘cost boomerang effect’ shows that there is a clear imperative for executives to re-examine their approach to cost-reduction. In essence, financial services firms need to turn their recession-induced crash cost diet into a sustainable lifestyle change of productivity improvement.

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This publication leverages our experiences and insights working with global financial institutions enhancing their productivity and implementing cost-reductions plans. In addition to an overview of our Embedding Productivity model, this paper outlines the two critical areas firms need to focus to “keep off the weight”:


Continuous productivity improvement disciplines

 

Firms need to hone their capabilities in a number of key productivity disciplines to keep costs down and maintain or improve value to clients.

 

The Art of Implementing Productivity Disciplines

 

Prioritizing the productivity disciplines and determining the proper path forward for your organization, while balancing your value proposition, is more of an art than a science.

 

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