Bank Saves $1.3 Million in Maintenance Spend in First Year!

Situation

A regional bank group with 300+ branches struggled with legacy systems from past acquisitions. Facility services were inconsistent or absent. The bank group didn't have a handle on maintenance as new branches were added. PFMI was selected to improve the situation.

Solution

PFMI was selected to manage all facility services to all locations. After a comprehensive analysis, PFMI designed and implemented the following:

• Single-source contract & management
• Firm, fixed pricing vs. prior variable pricing
• Web-based Work Order system
• Single, electronic invoice by cost center
• CMMS software & service SOPs
• Enterprise-wide "Solutions" Help Desk

Results

Within the first year the bank group realized the following:

• Cost savings of $1.3 million in 1st year
• Budget reduction of 14.2%
• Consolidated 3,000 vendors to 1
• Reduced 1,000's of monthly invoices to 1
• Reduced Accounts Payable "soft-costs"
• Transferred legal & liability risks