A Captive Implementation starts with the Captive Business Case creation. A fact-based approach with cost, performance metrics, investments, transition and payback timelines. The business case is validated for viability by the key stake-holders and top management. Top management’s commitment is crucial for the success of a captive.
On firming up a viable Business Case, Captive Design is evolved. Captive Design covers the Road-map, Build-out and Operational Models, Infrastructure required, team profiles, Governance Models, Operational Processes, legal, finance and tax structure implications. A well thought-out robust Captive Design delivers predictable results from the Captive.
The Captive Design forms the basis for the Captive (GIC) Build-out Plan. The Build-out plan encompasses the actual Implementation Program Plan and the associated investments for Transition and steady state operations. It also would cover the Risk Mitigation Plan, Change Management, Leadership and stake-holder alignment and Operational Controls.
A strong Program Execution team with on-going support from top management and a robust Captive (GIC) Build-out Plan are the key factors for a successful Captive Implementation.