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Case Studies
Watson WyattWatson Wyatt Worldwide
Consultancy                                          Surrey

Watson Wyatt advise 50 of the top 100 FTSE companies on their employee pension arrangements.

The assignment:
To review the existing finance and administration function and provide business advise on how to reduce head office costs and operate more efficiently.

Functions reviewed included:

• Financial control and reporting

• Business planning, budgeting and forecasting

• Management accounts

• Financial management

• Company secretary

• VAT and other taxes

• HR and payroll

• IT, consultancy and project management

The outputs

We recommended a solution tailored to the client’s specific circumstances and delivered cost savings by changing the buyer/seller dynamics for internal services within the organisation. Elements included:

• Pricing of specific services

• Internal negotiation models

• Organisational models

• Cost saving ideas

• Implementation plan

Results

Watson Wyatt have embraced these ideas and are now moving forward with implementing them.

Relevant services:

Decision support, business planning, advisory, consulting, project management.

"Nettleships developed some radical thinking which challenged the status quo. This fresh approach will help us as we seek to meet the business challenges ahead."

Richard Timmins, Financial Director, Watson Wyatt

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