Cognizant announces portfolio analysis and rationalization service
Thursday, 05 December 2002, 20:30 IST
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TEANECK: Cognizant Technology Solutions Corporation (Nasdaq: CTSH), a leading application management and e-business solutions provider, Thursday announced a new Portfolio Analysis and Rationalization offering to help clients cut costs and boost system performance. "Cognizant's Portfolio Analysis and Rationalization service helps organizations maximize their savings by quickly identifying all systems suited to offshore outsourcing and then further reducing costs and processes by eliminating redundant systems," said Deb Mukherjee, CTO for Cognizant. "Cognizant is the only offshore company with this type of high-end service, and Blue-chip companies are increasingly turning to us for IT strategy work." Cognizant's unique methodology and processes help customers bring down costs by identifying which systems are redundant, and which applications are delivering the maximum value to the business. The service can help customers determine which applications are worth retiring, and which need further work to run more efficiently and boost performance. Customers can use Cognizant to rationalize the systems through re-engineering, consolidation, and re-platforming, while moving to offshore outsourcing. Cognizant's deep business and technology experience has helped companies solve real IT problems by reducing the number of systems and cutting the total cost of ownership. Cognizant can also help companies redirect where programming resources are used and on which projects, helping clients better align budgets with what really needs to get done. For example, Cognizant can make sure that high end staff gets used on strategic projects that deliver the most value to the business. "Sallie Mae has made several acquisitions within the last twenty-four months, resulting in multiple and disparate systems," said Keith Riccitelli, director of IT for Sallie Mae, the nation's leading provider of education funding. "Recently we took advantage of Cognizant's new service, quickly inventorying our capabilities and identifying opportunities for cost efficiencies and performance improvements. In addition, Cognizant helped Sallie Mae archive a large knowledge-base that is frequently tapped in ongoing decision-making processes."
Source: IANS
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