Zafin | Building a Business Case for Product and P

In this podcast, we look at how Zafin Advisory services can assist in accelerating implementation timelines. We consider the journey: what does a typical Zafin Advisory engagement look like? Last, we consider resource constraints, product roadmap and willingness for change.

In this episode, we look at the logical pathway to drive future steps of the project, and compare the Enhanced Current State to Simple Optimization to Complex Optimization. We discuss initial phases to help staff familiarize themselves with PPLM, and look at which phases can be structured according to strategic priorities and requirements.

We cover the unfortunate reality that the ideal project world (i.e. a big bang) doesn’t exist, we note that very few bank staff have a complete end-to-end view of the process. In this episode it’s all about flexibility and balancing risk with reward, looking at NPV cash flow analysis, smaller projects result in quicker benefits. What checkpoints do we use to gauge progress? What are the low-hanging fruit?

Looking at best practices, in this episode we take stock of the current product and pricing landscape, map critical themes and benefits to PPLM capabilities, and we discuss workshops, measurable metrics and mapping requirements.

This time we talk about identifying and allocating people resources, managing priorities: Balancing short-term “business-as-usual” requirements with long-term strategic needs, and how to demonstrate a need for PPLM with a “baby” business case or feasibility study to provide quicker insight into the viability of a PPLM initiative.

In this episode, we cover topics ranging from managing revenue leakage to optimizing revenue in the future, Regulatory compliance, Customer experience, Organizational/operational risk and efficiency, Technology rationalization.

In this episode, we discuss the paradigm shift from a product-centric model to a customer-centric model, the dimensions of revenue management, why the Henry Ford model of product creation and distribution won’t work for the future of banking, and why legacy banking systems are simply not equipped to offer the level of flexibility required for future product and pricing innovation.