
SunGard Identifies Global Trends Driving Adoption of Managed Services Across the Financial Services Industry
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
NEW YORK – May 14, 2014 – Regulations, operating costs and back office requirements are draining resources that financial institutions need to focus on core strategic initiatives that will help drive growth and profitability. To address this, firms are increasingly integrating technology service offerings into their software tools, such as hosting, cloud and managed services, to help them better control risks, manage costs and utilize resources more strategically.
SunGard has identified global trends driving the growing adoption of managed services to help firms build smarter operations over the next 12-18 months:
1. Multi-system environments and siloed infrastructures can slow innovation and hinder go-to market strategies for new products and geographies, which can negatively impact growth initiatives. This can drive investment in trusted vendors for systems rationalization and a reduction in total cost of ownership, enabling firms to capitalize on third-party expertise and free up internal resources to focus on core business growth strategies. SunGard believes cloud services will play an important role to support this effort.
2. With more capital and resources being diverted to growing regulatory requirements, firms will consider migrating both core and non-core operations to trusted third-party managed services to help control costs.
3. To mitigate operational risk and inefficiencies and optimize system uptime and processing reliability, firms can adopt a combination of software deployment paired with business process outsourcing (BPO) or an outsourced business process as a service (BPaaS) platform from providers with deep domain and industry expertise.
4. Tighter vendor management will be important to financial institutions as they deploy more managed services. As firms continue to outsource more of their operations, they can increasingly rationalize the number of strategic vendor partnerships to create a cohesive network of trusted partners.
Larry Tabb, founder and ceo, TABB Group, commented, “By 2016, approximately 50 percent of financial institutions will use managed services to outsource the management of their IT infrastructures. Due to the benefits of managed services – increased agility, flexibility and responsiveness, faster time-to-market for new products and tighter security – this model will become more mainstream in helping firms address the evolving challenges in our industry.”
Steven Silberstein, chief technology officer, SunGard, added, “Regardless of the size, type and location of a financial institution, many firms will underpin business strategies with managed services models to help address the complex and wide ranging challenges facing the industry. As a result, third party specialists need to offer the security, scalability, global expertise and local presence to help firms reduce complexity, enhance efficiency and focus on business objectives to drive profitability internationally and regionally.”
If you wish to speak to SunGard and TABB Group about these trends, please contact Petra Shuttlewood on petra.shuttlewood@sungard.com or +44 (0) 208 081 3477.