The hidden cost of FinTech—and how Application Managed Services can help
Today’s finance departments are feeling increased pressure to do more with less—and find savings wherever possible. While avoiding unnecessary costs is important, so is minimizing disturbance to business operations.
Behind the scenes of every modern finance function lies a growing challenge: the hidden cost of managing an increasingly complex technology stack. And when we break it down, the numbers tell a clear story.
Let’s assume you have a finance tech stack covering 500 licenses across financial close, treasury, reporting, and O2C. To manage this across three major regions—like EMEA, North America, and APAC—here’s what you’re likely facing:
- Administration headcount costs: Including salaries, onboarding, and benefits
- Regional duplication: With likely one to two administrators per region, per system—totaling six to 10 full-time equivalents
- Upskilling costs: Three to four months of ramp-up time per hire
- Handover inefficiencies: Time lost in cross-regional support and inconsistent coverage
- Attrition risk: Where losing a key administrator often means losing key knowledge
With a conservative estimate, that’s around $750K–$1.2M annually—just to keep your systems running. And without consistent support, system adoption may drop, data quality degrades, and best practices get lost as your business continues to grow. That’s where finance Application Managed Services (AMS) comes in.
What AMS delivers
With AMS, you’re not just outsourcing administration—you’re gaining:
- Skilled, software-specific expertise
- 24/5 coverage across regions
- Faster resolution and root cause analysis
- Actionable insight into recurring issues and adoption trends
- A standardized, scalable service model
- Faster time-to-value and long-term ROI with optimized system use
Not to mention, you’ll be staying ahead of the curve: With each system release, we review release notes, assess impact, and recommend enhancements—so you’re always taking advantage of the latest functionality, fixes, and innovations. No more missed opportunities or costly rework from falling behind on updates.
And because our AMS model is designed to scale, you get the flexibility and optimization needed to adapt to evolving business needs—without constantly rethinking your support model. Reducing cost, increasing quality—and ensuring your systems are used as they were intended.
Curious how we can help in protecting your investment? Send us a note.