Business growth can be achieved through the introduction of new products or services, or by expanding the scope of existing offerings. As markets progress there are an increasing number of potential opportunities – for example, prepaid cards, contactless payments, and mobile commerce.

How can Accourt help?

Accourt has a strong heritage in product management and product development. As such we are particularly well-equipped to support our clients in the creation, launch and enhancement of new products and services.

The success of any potential innovation starts from a clear understanding of the target audience, their needs and how the proposed new offering will meet those needs and, crucially, how it will do so better than the competition.

Accourt has extensive experience working with clients to identify market opportunities, to develop distinctive new propositions and to translate those into live new services.

Once the proposition for a new offering has been identified, the critical next step is to articulate the requirements for that offering, taking into account needs of all functions across a business as well as externally imposed requirements – for example legal and regulatory.

We are particularly proficient at engaging across a client organisation, documenting the identified needs in a structured manner, and facilitating the resolution of potentially contradictory requirements of different stakeholders.

An organisation will often look to base its new offerings on solutions available from third parties, in which case the focus of activities is on selecting the right partner offering, with strong project management to ensure successful implantation.

However, if no suitable external solutions are available, it makes sense to develop a new product. Accourt’s consultants have experience with the development of strategic solutions in the financial services sector, including mission-critical extremely high volume payments processing capabilities.