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Payroll Services Company

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Aligned Experience: Payroll Services Company

Background

  • $200M client was being carved out of a $2B organization.   

 

  • The product development team was called upon during aggressive growth cycles to custom-build capabilities that enabled user-friendly administration of payments for clients of HHS agencies.  This led to IT being 20% of revenue.

 

  • PIP performed the Carve IT Diligence and identified the potential for significant savings, which led to this full carveout and the cost reduction analysis.

 

Our Approach

  • Performed the full IT Carveout, successfully separating the client from the ParentCo ahead of schedule, preventing TSA cost overruns. 

 

  • Performed a full IT cost reduction analysis comparing current TCO with future reduction opportunities, including transitioning some proprietary development to commercial software alternatives.  

 

  • Identified significant cost-inefficiency in the onshore location of product IT staff and made recommendations for lower-cost alternatives. 

 

Our Solution

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