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A Playbook for Managing at the Crossroads

OUR LATEST THINKING

Innovation Beyond The Four Walls

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May, 22, 2015

Cognizant to Present at the Bernstein 31st Annual Strategic Decisions Conference

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The Cognizant Difference

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BUSINESS REIMAGINED

In a world growing more virtual and global by the day, reimagining business means not only reducing costs but unleashing new forms of innovation, operational flexibility and business capabilities that fuel top- and bottom-line growth. We get you there through a proven and structured process that defines your needs and goals, gains the backing of key stakeholders and brings discipline as well as pragmatic business thinking to the execution process. As management guru Gary Hamel once said: “If a company wants to see the future, 80% of what it will have to learn will be from outside its own industry.” For most organizations, separating strengths and weaknesses requires a scorecard. Therefore, we benchmark your business capabilities and technology infrastructure against the best in the business. We challenge your business leaders to agree on the organization’s current state and vision for the future. We prioritize initiatives based on feasibility and potential return on investment and then create a roadmap for implementation, engaging and making your stakeholders accountable for delivering expected improvements.

Cognizant helps answer questions that drive the reimagining of your business, including:

  • How are we positioned in comparison with our competitors?
  • How do we compare against leading industry practices?
  • How can we create new revenue sources or opportunities for cost avoidance?

RESULTS TO EXPECT

We have a demonstrated track record of delivering results to our 1,000-plus strategic clients, worldwide. For example:

  • We helped a pharmaceutical company reduce costs by 50 percent and deliver more actionable insights to its sales force by reducing 14 dashboards and reports down to one easy-to-use tool.
  • For a life sciences client, we created new revenue generation opportunities supported by more effective processes and new tools such as tablet computers and smartphones.
  • For a large hotels and resorts operator in Latin America, we helped move its central reservations system into an Oracle-based cloud, driving a new operational model.

In a world growing more virtual and global by the day, with 2.4 billion Internet users at the end of 2012 and growing at 8 percent annually, reimagining business means not only reducing costs but unleashing new forms of innovation, operational flexibility and business capabilities that fuel top- and bottom-line growth. We get you there through a proven and structured process that defines your needs and goals, gains the backing of key stakeholders and brings discipline as well as well as pragmatic business thinking to the execution process.

  • Our Latest Thinking

Strategic Intraday Liquidity Monitoring Solution for Banks: Looking Beyond Regulatory Compliance
Managing intraday liquidity monitoring is an essential task for banks facing potential shortfalls in cash flow due to highly complex collaborations with other institutions and clients. To go beyond mere compliance with regulatory strictures, we offer a path toward an intraday liquidity platform based on integrated, real‑time data.
Rewiring Supply Chain Networks
By embracing the latest modeling and simulation techniques, organizations can more accurately forecast true capacity, identify and eliminate bottlenecks and develop optimal solutions for their supply chains.
The Impact of Basel III on Intraday Liquidity Management
In response to the 2008 financial crisis, the Basel Committee on Banking Supervision (BCBS) instituted Basel III, a framework that includes liquidity ratios to ensure that banks can meet their short‑term financial obligations on time and accelerate compliance with Basel III's regulations for liquidity management and reporting.
Transforming SaaS Business Operations with Systems of Engagement
As independent software vendors (ISVs) increasingly adopt a software‑as‑a‑service (SaaS) delivery process, transitioning from perpetual license to a subscription model is fraught with challenges. To handle the shift, we recommend that ISVs adopt systems of engagement (SoE) to replace their existing systems of record (SoR) and we offer some guidance on how to get there.
Preparing Life Insurers for the Future of Distribution
As the insurance industry faces forces such as customer empowerment, niche channels, regulatory pressures and more, there is a new paradigm emerging, for distribution. We focus in depth on benchmarks and roadmaps for investing in customer acquisition, marketing and demand generation and multichannel collaboration whether a company is "foundational," "formative" or "future‑ready."
Going Digital: What Banking Leaders Need to Know
To compete in the digital era, banks need to embrace data, put customers first and manage organizational change—three concepts, one payoff. Here's how your bank can put it all together.
Revitalizing Finance
With a fundamental shift in the CFO mission, the finance function has become a critical change agent across organizations. The role of financial leaders such as CFOs is evolving, from a traditional financial controller, to one that drives performance improvements across the organization.
Employing Telematics to Transform Workers’ Compensation
Various pressures like heightened competition, rising costs and tougher regulations are compelling workers' compensation insurers to automate their systems, connect their people, processes and devices and distill accurate, real‑time information from the digital data that encircles people, processes, organizations and devices. Telematics‑technologies that integrate telecommunications and information can be the key to achieving these goals, all through a proactive, smarter, tightly connected environment.
The Role of IT in Supporting Mergers and Acquisitions
Involving IT teams early and often during mergers and acquisitions can help enterprises realize more value from the operational and market synergies that bring businesses together.
Orchestrating a Supply Chain Competitive Edge
An effective supply chain is the key to creating business value. This paper will help you benchmark your performance today and take a methodical organizational approach to improving your supply chain effectiveness.
 

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