Of the 26 strategies PROFIT INSIGHT supplied this major worldwide organization, 5 were implemented immediately bringing significant impact to the bottom line.
Large Brazilian bank was looking to identify non-toxic interest and fee opportunities in a market where inflation was 16% a month and Government and Regulators were hindering optimal performance, predominantly for political reasons.
Additional pressures from consumer groups to maintain and reduce pricing levels limited the ability to introduce new fees.
Despite being a CEO approved project, the client required Profit Insight to navigate discussions with business areas more independently due to limited resources available from the bank.
Given external pressures and internal reluctance, an initial two-week pre-study focused on systems and pricing leakage, review of pricing variations, competitor benchmarking and auditing the costs of services provided by the bank to their customers.
Presented 26 ideas - 5 were implemented immediately worth over $35.7MM