CASE STUDY
Optimizing SLA Management for a Financial Services Company

Industry | Financial Services

Technology | ServiceNow

Location | United States

The client is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits, and asset management to help its individual and institutional customers navigate their changing world. Currently, the client serves around 90 million customers in over 60 countries.

This case study explores the efforts for a leading financial services company to address widespread inaccuracies in SLA (Service Level Agreement) configurations that impacted incident management across various support teams.

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    Challenges

    Multiple SLA configurations were incorrectly set, leading to inaccurate performance metrics.

    Inflated Mean Time to Repair (MTB) values resulted, making it challenging to meet service commitments

    Support teams faced unclear timelines, hindering their ability to effectively manage incidents

    The issue impacted overall service quality, affecting the company's ability to deliver reliable services

    Key Outcomes
    Improved Incident Metrics

    Accurate SLA calculations will provide reliable performance metrics, enhancing accountability

    Enhanced User Experience

    Clearer timelines will help support teams manage incidents more effectively, improving customer satisfaction.

    Solutions

    Conduct an organization-wide review of all SLA configurations to identify misconfigurations and assess their impact

    Update SLA configurations to ensure consistent application of start and end times across all incidents

    Develop monitoring tools to track SLA performance and identify future discrepancies proactively

    Conduct rigorous testing to verify that updated SLAs operate as intended.

    What Customers Say about Royal Cyber

    Congratulations, and a big thank you to everyone who worked on the project upgrade and successfully implemented it. The team did a great job working through all the tasks. 

     
    Craig McCroskey
    Craig DiMarco
    Sr. Director IT

    Proactive Management

    Monitoring tools will allow the company to identify and address SLA issues before they escalate.

    Audience

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