IT-maintenance costs down by 57% for financial services provider

Lupus Alpha is a privately-owned, independent asset management company, specialised in offering investment products for corporate and private investors. Each product is under the responsibility of highly experienced and successful Portfolio Managers. With over 80 employees, the Frankfurter asset management company is a medium-sized business, offering solutions to meet the investment requirements of their clients. In order to be ready for future missions, the company needs to rely on a sustainable IT cost structure; therefore the company commissioned Stephan Fuhr, from Expense Reduction Analysts to investigate expenses and optimise the existing cost categories. Expert Volker Worringer analysed the IT cost category.
 
Worringer investigated the IT-maintenance for Lupus Alpha for hardware – here the server used by the company - and for a storage system. Storage systems are data storage devices for any information that needs to always remain accessible, such as databases.  The asset management company from Frankfurt had a long-term contract with the storage system supplier.
 
For the category of IT maintenance, Expense Reduction Analysts compared the cost of the manufacturers’ maintenance packages, the so-called “care packs” with that of an innovative German service provider who could ensure the maintenance of the service level agreement. This change, as well as the pooling of services to a service provider significantly reduced the costs. 
As Lupus Alpha was still bound contractually to a storage service provider, Expense Reduction Analysts negotiated the ongoing contract. The results of the negotiations were that the asset management company was now equipped with new hardware and lease rates were significantly reduced.
 
Altogether, Lupus Alpha lowered their IT maintenance costs by 57% and storage costs by 9%.
Matthias Biedenkapp, CEO at Lupus Alpha, was very pleased with this outcome: “Expense Reduction Analysts’ independent and strategic approach has opened up new opportunities, allowing us to further increase our efficiency.”

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IT maintenance57%
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