Cutting Costs? Not So Fast!

- WatersTechnology Staff
- 02 Jun 2003

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How do you cut costs? Take away the services that aren’t being used. That was easy, right?

Not exactly. Everyone agrees on the idea. "[Financial institutions] need to fully understand what each business needs, in terms of data sets, sources required, etc. Then it is possible re-engineer the current services and significantly reduce costs by removing those not required," says Michelle Morris of London-based Buttonwood Tree Group.

The question, however, is in the execution. It’s always been a major

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