Case Study: Leading Global Bank achieves major cost savings and vendor consolidation with Precisely

Leading Global Bank Saves Big with Syncsort Network Management

Leading Global Bank, a financial institution serving over 30 million customers, faced high IT costs and duplicated network-management tools (NetView, NetMaster, etc.) after multiple M&A events. With IBM mainframe expenses growing and a corporate target to save $75M, the bank sought vendor consolidation, reduced staffing needs, secure minimal-disruption migration, and a web-based GUI to replace legacy green screens. Precisely (via Syncsort Network Management) was included in the vendor bake-off as a candidate to address these issues.

Following a proof-of-concept, the bank selected Precisely’s Syncsort Network Management solution for its performance, security and ease of migration; the selection was driven by technical validation of intensive testing scenarios and a cost review covering one-time, recurring, mainframe-related costs and staffing hours. Implementing Precisely’s solution consolidated multiple tools into a single platform, reduced vendor count and staffing requirements, freed mainframe resources, and positioned the bank to meet its broader $75M cost-reduction goals — a decision the customer attributed to the product’s reliability and stability.