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"For IT departments to contribute to revenue growth, they have to understand and share in the mission of the company," says Forrester's Orlov. "It's important to introduce processes to help the IT organization understand the mission through sending them out into the business and making sure businesspeople know IT."
At Discover, IT and business are joined at the hip. But that's not the case everywhere. At Foley & Lardner, CIO Douglas Caddell and his team had to sell management on the idea of IT as a strategic partner that could bring new revenue into the $US610 million corporate law firm.
To do that he went straight to the clients to find out what technologies the firm could offer to support their businesses. After attending countless conferences and forums to talk to corporate general counsel, he figured it out. "GCs [general counsels] are at the bottom of the IT food chain in their corporations. They're looking for anything that might make their life better," says Caddell. "If a law firm can provide them tools that will make their jobs easier, that goes a long way toward creating a tighter bond with them and getting more business."
Caddell began developing a suite of Web-based technologies tailored to the needs of the law firm's clients, such as a case management system, litigation tools and a best practices repository. "I had an idea of what I thought the customers were looking for," he says. "I didn't do it in a vacuum, but I didn't ask for permission either."
Called Foley:ClientSuite, the system was rolled out in 2003 to 150 of Foley's most IT-savvy lawyers to offer as a free incentive to grow business with existing clients. It worked: The system helped the firm expand its business with Bank of America. "Our chairman, Ralf-Reinhard Boer, said it's what got him in the door down in North Carolina [at Bank of America]," says Caddell. "Senior leadership now recognizes it as a true competitive advantage for increasing business value."
Though he isn't able to quantify the amount of business that can be attributed solely to the introduction of ClientSuite, today half of Foley's attorneys and 450 clients use the system.
Caddell has since hired a full-time technology consultant and salesperson to engage internal users and external customers in further system development. "She works with the lawyers to help the customers understand the value of the technology and how they might be able to implement it," he says. "She finds out what will make it work better for them."
The IT department is on its third version of ClientSuite, which offers such enhancements as a more robust searching function, advanced security and integration with MS Outlook. And IT has become a top-line partner at the firm. "This increased our credibility," says Caddell. "We're not just an expense to minimize. We're an investment."
The Need for Speed
The benefit of a revenue-enabling project can be fleeting - what creates competitive advantage and new business growth today can be the cost of doing business tomorrow. At Foley & Lardner, Caddell knew it was only a matter of time before rival firms would develop systems similar to ClientSuite. To keep its advantage, IT would have to quickly develop and roll out enhancements.
Doing so meant creating an internal development staff to get the technology built and updated as fast as possible. Caddell employs seven developers - a lot for a law firm. Overall, his IT department grew 14 percent over the past three years, and Caddell has realigned his resources around client-facing technologies and Web development. "It's a whole new level of challenge and responsibility. If it doesn't work, it's going to be a revenue disabler. And that's not what you want," he says.
The IT team was able to develop and roll out each version of ClientSuite in less than six months. "It's been fairly robust and rapid development. But we don't impose any artificial deadlines," says Caddell. "You have to be willing to take a risk, but don't be risky."
Discover's Offereins says there's often more urgency around IT projects that enable revenue. And there's no shortage of people who want to work on such projects. "Revenue generation has a naturally positive, expansive aspect to it. People are more enthusiastic about it, particularly people in the technology department," she says. But staffing such projects properly is important.
The shared network with China UnionPay, for example, needed to deploy quickly to leapfrog the competition and prepare for the increase in US-China travel that will accompany the Beijing Olympic games in 2008. It also involved a great deal of complexity, from technology standards to time zones. Offereins and her technology management team needed to decide quickly who was most qualified to lead and staff the project. To speed staffing ramp-up, she relies on a core group of people whose skill sets make them ideal for complex, high-profile projects.
"You have to know your people and capabilities to quickly pull a team together to meet the demand when opportunities like this come along," Offereins explains. As a result, Discover was able to process the first successful China UnionPay transaction on its US network less than five months after the deal was inked.
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Process Trip 04 February, 2008 13:07:03
Why Maritz Travel revamped key business processes — and how business and IT came together to make it workWhen Rich Phillips became COO OF Maritz Travel about two and-a-half years ago, he sat down and took a hard look at the big industry picture - +
Ticked Off at Tick the Box Mentality 04 February, 2008 13:01:15
Does your executive search firm know the difference between an MIS manager and a CIO, and if it does, can it explain that difference to its corporate clients?Does your executive search firm know its MIS managers from its elbow? Does it even know the difference between an MIS manager and a CIO, and if it does, can it explain that difference to its corporate clients? - +
How to Get Real About Strategic Planning 04 February, 2008 12:50:59
Everyone agrees that having a strategic plan for IT is a good thing but most CIOs approach the process with fear and loathing. In fact, the majority of CIOs (and the enterprises they work for) are faking it when it comes to strategic planning. Isn't it time we all got real?Oh, it must be nice to be the CIO of a FedEx or a GE or a Credit Suisse. Places where IT and the business are so tightly aligned you can barely tell the two apart. Where corporate leaders understand that IT is a strategic asset and support it as such
- White PaperView this webcast and discover the drivers for changing network design practices, why many organisations are changing their approach to network architecture and how enterprises should be moving forward with open architecture multi-vendor network solutions. Register now and learn how your business can maximize the business value of the enterprise network.
- White PaperJoin industry expert Martin Tuip to discover best practice strategy for the archival and removal of .PST files using email archiving. Learn how to ensure long-term email records are there when needed, and reduce the risk to your business and clients.
- White PaperJoin Lee Benjamin, a Microsoft Exchange MVP and Ryan Shipkowski, network administrator for Matthews, to discuss the process and ROI of implementing an email archiving solution, with emphasis on a case study from Matthews International.
Discover how SOA can create smarter outcomes for your business.
Attend and learn:
- How SOA is helping leading companies to become more agile
- Where you should be applying SOA processes in your company
- The top SOA implementation mistakes to avoid
Click here for more information.
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CIO Live Podcast #79: Brent D Taylor, author of The Outsider's Edge: The Making of Self-Made Billionaires Part II 05 October, 2007 06:00:00
For his new book, The Outsider's Edge: The Making of Self-Made Billionaires, social researcher Brent D Taylor spent four years of intensive research investigating the psychological make-up and backgrounds of some of the world's richest men and women, including IT luminaries Bill Gates, Larry Ellison and Steve Jobs. Taylor discovered that, despite working in different industries and coming from different upbringings, they all have one thing in common -- they are all outsiders. - +
CIO Live Podcast #78: Brent D Taylor, author of The Outsider's Edge: The Making of Self-Made Billionaires 28 September, 2007 17:34:25
For his new book, The Outsider's Edge: The Making of Self-Made Billionaires, social researcher Brent D Taylor spent four years of intensive research investigating the psychological make-up and backgrounds of some of the world's richest men and women, including IT luminaries Bill Gates, Larry Ellison and Steve Jobs. Taylor discovered that, despite working in different industries and coming from different upbringings, they all have one thing in common -- they are all outsiders. - +
CIO Live Podcast #77: Panasonic Speeds Up Trans-Pacific File Transfers, Part III 21 September, 2007 07:00:00
Part three in our three-part special report from CIO's sister publication Network World in the US, as Paul Desmond reports from the Network World IT Roadmap Conference in Santa Clara, California. With development teams in the US and Japan, Panasonic needed a more efficient way to move very large files between the two locations. Iben Rodriguez, IT consultant for Panasonic Research and Development, explains how a storage-area network and virtual server technology helped speed up WAN performance. - +
CIO Live Podcast #76: Panasonic Speeds Up Trans-Pacific File Transfers, Part II 14 September, 2007 07:00:00
Part two in our three-part special report from CIO's sister publication Network World in the US, as Paul Desmond reports from the Network World IT Roadmap Conference in Santa Clara, California. With development teams in the US and Japan, Panasonic needed a more efficient way to move very large files between the two locations. Iben Rodriguez, IT consultant for Panasonic Research and Development, explains how a storage-area network and virtual server technology helped speed up WAN performance. - +
CIO Live Podcast #75: Panasonic Speeds Up Trans-Pacific File Transfers, Part I 07 September, 2007 07:00:05
Part one in our three-part special report from CIO's sister publication Network World in the US, as Paul Desmond reports from the Network World IT Roadmap Conference in Santa Clara, California. With development teams in the US and Japan, Panasonic needed a more efficient way to move very large files between the two locations. Iben Rodriguez, IT consultant for Panasonic Research and Development, explains how a storage-area network and virtual server technology helped speed up WAN performance.
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Chris Hoff on Virtualization and Cloud Computing 20 November, 2008 10:55:00
Chris Hoff, chief security architect for the systems and technology division at Unisys and an advisor on the Skybox Security customer advisory board, is one of the biggest critics of virtualization security out there. Not because it isn't important - but rather because it is vital and needs to mature rapidly. - +
Cybersecurity is focus of new start-up incubator 20 November, 2008 07:19:00
Texas uni announces the Institute for Cyber Security.The University of Texas at San Antonio Tuesday announced a technology incubator aimed at fostering IT security-based start-ups within the state. - +
Dilip Sarangan on Physical Security M&A 20 November, 2008 11:18:00
Dilip Sarangan tracks physical security companies for Frost & Sullivan. He expects the industry's "need to have" products to weather the economic storm well, with the big players (now including IBM and Cisco) looking for value-priced acquisitions. - +
International Challenges in PCI Security 20 November, 2008 09:15:00
In a country that's seen many regulatory compliance challenges this decade, the headaches of PCI security tend to be analyzed from a largely American perspective. - +
PCI council sharpens oversight of security auditors 19 November, 2008 10:53:00
Quality assurance plan targets security assessors and scanning vendorsThe PCI Security Standards Council Monday unveiled a plan to sharpen oversight of the hundreds of security-service providers now authorized to evaluate merchant networks under the organization's Payment Card Industry data standards.
Vignette Announces 2008 Excellence Awards 21 November, 2008 10:50:00
PGP and Ponemon Institute Unveil Inaugural Australian Data Breach Study 2008 20 November, 2008 17:34:00
Symantec Cloud Services Transform Data Centre Operations Through Proactive Management 20 November, 2008 12:06:00
Verizon Business Offers Tips to Building a Successful Unified Communications and Collaboration Plan 20 November, 2008 12:04:00
AARNet Brings 4K Digital Cinema to Australia: First 4K HD Video Signal delivered into Australia by AARNet 20 November, 2008 12:02:00
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Strategies for Eliminating .PST Files
Join industry expert Martin Tuip to discover best practice strategy for the archival and removal of .PST files using email archiving. Learn how to ensure long-term email records are there when needed, and reduce the risk to your business and clients.














