Collaboration with a Private Equity Firm to Transform an Inefficient Technology Division

Client Background

The client specialized in compliance solutions and supply chain transparency. Met annual spending target and further reduced their expenditures by an additional 10%.

Industry: Private Equity

Location: USA

Service: Staff Augmentation

The Challenge

An enterprise client in compliance solutions and supply chain transparency faced significant operational inefficiencies. Across departments, including IT, production output lagged and exceeded budget constraints. Accel by Plutus21 was enlisted to tackle these performance gaps and operational challenges, leveraging their specialized expertise.

Objectives

  1. Streamline production output and operational efficiency across all departments, particularly IT, to mitigate budget overruns.
  2. Enhance internal and vendor performance benchmarks through strategic initiatives and process improvements.
  3. Implement scalable solutions to address immediate operational inefficiencies and performance gaps.
  4. Facilitate seamless staff transitions and knowledge management to ensure continuity and efficiency.
  5. Foster adaptability and agility in addressing evolving challenges and opportunities through regular strategic meetings.

Solution

  • Initiated white-glove staff augmentation, deploying offshore engineering teams tailored to the client's needs.
  • Collaboratively designed a Universal Statement of Work (SOW), expediting onboarding and enhancing operational efficiency.
  • Implemented a Knowledge Repository to preserve critical data and best practices, ensuring seamless staff transitions.
  • Instituted regular strategy meetings to adapt to evolving challenges and opportunities swiftly and effectively.
  • Leveraged international networks for diverse team formulation to meet enterprise-level demands.

Beyond the Basic: Next Step

  • Employed lean methodologies and data analytics to streamline workflows and address bottlenecks.
  • Leveraged international networks for diverse team formulation to meet enterprise-level demands.
  • Developed a growth strategy to synchronize technical and sales efforts for enhanced performance and alignment.

Technology Stack

Results

Higher Engineering performance:

Increase in engineering output, leading to a 10% lower tech budget spending annually.

Performance Benchmark Elevation:

Elevated internal and vendor benchmarks.

Scalable Solutions Implementation:

Implemented scalable solutions, reducing productivity delays and errors.

Seamless Knowledge Management

Reduced onboarding time and preserved critical data with a Knowledge Repository.

Agility and Adaptability:

Increased internal engineering output and efficiency based on client's internal metrics.