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Tech Performance Case Study

Synovus Financial Corp.

Cornerstone Advisors Case Study - Synovous

Executive Overview

Synovus Financial Corp. is a US-based financial institution with $65 billion in assets. The company operates in 263 locations across Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus offers commercial and retail banking, investment services, and wealth management.

Challenges

• Outdated contracts across 15+ legacy systems
• Tech inventory spanned hundreds of unruly contracts
• Minimal vendor support and responsiveness
• Holding vendors accountable to perform and deliver

Solutions

Cornerstone Tech Performance
Expert contract negotiation services
Tech performance roadmap
Insider benchmarking & pricing data
MarketPulse™ executive workshops
Proactive repeatable process

 

Results Achieved

Saved

 

Delivered an initial 19% savings across technology contracts

 

Improved

 

Improved vendor accountability through restructured SLAs

 

Enhanced

 

Enhanced internal efficiency and customer experience

 

Built

 

Built a long-term, scalable framework for ongoing performance management

 

Want to Know the Full Story? Download the Case Study.

Want to Know the Full Story? Download the Case Study.