Replatforming of a Analytics Tool Vendor for Cost Savings and Performance

Optimizing Efficiency

Cost savings through a strategic replatforming of the analysis tool of a medium-sized fashion company in the DACH market

Approach

Cost Explosion

A mid-sized fashion label operating in the DACH market, faced the common challenge of rising costs associated with their current analytics vendor. While the existing tool may have offer robust functionality, the client recognized the need to reassess their options to achieve cost savings without compromising on performance.

Solution

Vendor Selection

We conducted a comprehensive evaluation of the current analytics vendor's performance, analyzing usage data and stakeholder feedback to identify inefficiencies.

Working with key stakeholders, we defined specific requirements and cost-saving goals, prioritizing functionality based on organizational objectives.

We researched and evaluated alternative vendors, considering scalability, integration ease, customer support, and pricing models.

Shortlisted vendors underwent in-depth evaluations, including discussions to assess their willingness to customize solutions.

Finally, we collaborated with the client's leadership to review findings and make an informed decision, focusing on cost savings, performance, scalability, and strategic alignment.

Outcome

Cost savings without compromises

Through a structured replatforming approach, the client successfully identified a new analytics vendor that offered significant cost savings without compromising on functionality or performance. By optimizing their analytics tool vendor, the client achieved greater efficiency in data analysis, enhanced scalability to support future growth, and realized substantial cost savings that positively impacted their bottom line.

In conclusion, replatforming analytics tools can be a strategic approach for organizations seeking to optimize efficiency and reduce costs. By assessing current vendor performance, defining requirements and cost-saving goals, researching alternative vendors, conducting evaluations, and making an informed decision, organizations can successfully navigate the replatforming process and achieve their desired outcomes.

Market share: from zero to 8% within three months