Nordea saves €3.5 million with enhanced application portfolio management

Business: Nordea is one of the largest financial services companies operating in the Nordic and Baltic regions of Europe. It has 11 million customers, 30,000 employees and a network of 1,400 branches and call centers.

Challenge: To enable cost savings and enhance business agility, Nordea embarked on a major project to rationalize its application portfolio. To support the project, the company needed detailed centralized application information.

Solution: CA Clarity™ PPM (Project & Portfolio Management) is used to track 3,300 business applications, including banking systems, customer relationship management solutions and back office software. The solution provides a consistent framework for making informed decisions as to whether to retire, upgrade or replace applications.

Result: Nordea has been able to identify 150 applications for retirement, resulting in cost savings of €3.5 million. The project has also helped the company simplify IT support and maintenance, implement new services faster and keep up to date with changing legislation.

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offerings discussed

solutions:
Public Sector
Project and Portfolio Management

Products:
CA Clarity™ PPM

services:
Project and Portfolio Management Services
Service Management Services

about the customer

Geography:
Europe

Industry:
Financial Institutions / Banking / Insurance