Higher productivity ensures the most effective use of resources, decreasing the cost of production¹. Outsourcing is the business practice of assigning specific tasks such as payroll processing, accounting, and distribution, to outside firms²^,³. Businesses benefit from outsourcing as it reduces operational costs, promotes growth, increases efficiency, and reduces risks²^,³.

Cedacri specializes in information technology (IT) outsourcing services for the banking sector⁴. Geographically, It operates across Italy, Moldova and Spain⁵. Cedacri reported total revenue of €402.7 million (Mn) in 2020 (latest data available), and operates under six business lines: Core banking solutions (43% of the revenue), Software solutions (19%), Technological infrastructure and Cloud Services (12.6%), Business Process as a Service (BPaaS) (10.8%), Custom Projects (11.6%) and others, namely Application maintenance & System Integration (AMSR) and RegTech, accounted for (3%)⁶^,^4,^7;p18.

Cedacri's Core Banking segment provides integrated banking solutions for financial institutions' core activities^7;p18. The Technological infrastructure & Cloud Services line manages all IT infrastructure components, business continuity, and disaster recovery processes^7;p18. BPaaS streamlines business processes to simplify management while the AMSR segment manages the implementation of IT projects^7;p18. Further, Software Solutions offer custom consultations to financial firms^7;p18. Lastly, the RegTech segment provides regulatory and compliance management consulting services^7;p18.

As of 2022, Cedacri boasts a client base of over 200 banks, financial institutions, and industrial/service companies^7;p17. Cedacri's platform recorded over 31,000 users processing 82 Mn transactions daily^7;p17. The firm also operates 14,000 servers with 54,000 Mips of processing power offering services to 1.6 Mn home/mobile banking users^7;p17.

Through its outsourcing services, Cedacri is boosting productivity.

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