Customer Story

Major European Bank Optimizes IT Spend and VAT Recovery

Case Study

CUSTOMER SUCCESS

Driving Financial Accuracy and Efficiency Across Hybrid IT

Under mounting regulatory and cost pressures, this bank leveraged MagicOrange to implement a usage-based cost allocation model that distinguishes recoverable from non-recoverable IT spend. By applying FinOps principles, the bank improved VAT recovery by €1.5M and identified €5M in anticipated infrastructure savings. This unified financial view fosters transparency, audit readiness, and ongoing optimization across applications, business units, and hybrid environments.