Banks and financial services organizations that have undergone mergers and acquisitions commonly find that more than 70% of their IT budget is spent maintaining outdated legacy applications and hardware. BMO Harris Bank, a subsidiary of the Bank of Montreal with 600 branches in the U.S. and more than $195 billion in assets, reigned in more than one terabyte of information across 100 applications by using Application Retirement for InfoArchive, an innovative solution from EMC and Flatirons Solutions.
On January 20, 2015, Tom Rieger, director of the America’s Field Program for EMC’s Information Intelligence Group (IIG), and Bryan Cross, senior sales engineer at Flatirons Solutions, will present a case study on BMO Harris Banks’ implementation of Application Retirement for InfoArchive at Process Excellence Week (PEX) 2015. They will discuss how the bank recovered more than $5 million per year in non-productive IT spend and achieved on-going savings that freed up IT resources for other strategic business initiatives.
The presentation will provide insight into:
- The Environment – Rising costs of regulatory compliance and a rapid-moving merger and acquisition culture that puts an increasing burden on IT.
- The Opportunity –The size of the opportunity to recover costs by retiring legacy applications, which is much larger than many organizations realize.
- The Approach – Tips on identifying the business and technical criteria for prioritizing archival efforts in a way that maximizes benefits while minimizing disruption and cost to the business.
- The Results – How to ensure that not only the targeted opportunities have materialized but also that unanticipated benefits — such as reduced training times or higher productivity for end-users since legacy applications are re-rendered in a more consistent manner — have been recognized as part of the overall TCO picture.
- What: Process Excellence Week – PEX Week
- Where: Orlando, Florida
- When: January 19-21, 2015
- Event website: https://www.pexweek.com/
About EMC’s Information Intelligence Group
EMC Information Intelligence Group (IIG) provides enterprise software and cloud-based solutions that connect information to work and help organizations get to that next level of user experience. Through its enterprise content management technology and industry solutions, IIG delivers the real ability to manage the growing complexity of the information management process and its impact on government and industry regulation. www.emc.com
About Flatirons Solutions
Flatirons Solutions (www.flatironsjouve.com) provides consulting, technology, and outsourcing for content lifecycle management. For more than 20 years, it has served global Fortune 1000 customers in aerospace, automotive, electronics, financial services, government, healthcare, and publishing. Its customer engagements help organizations efficiently deliver the right information, at the right time, to the right people by leveraging structured content and digital media — Turning Content into Knowledge®. Flatirons operates from offices in Asia, Europe, and the United States and is headquartered in Irvine, California.
Contact: Julie Fouque, Flatirons Solutions, Inc., Julie.Fouque@flatironssolutions.com, +1 303.627.6535