FINANCIAL PERFORMANCE
All too often CIO’s concentrate on getting the IT side of their department right in order to improve efficiency within the business but forget to concentrate on their own cost base to the overall detriment of the bottom line. CIO Plus specialises in delivering balanced IT – where the process benefits are optimised and the costs are minimised.
IT often works much better and costs substantially less when subjected to the methodology of CSS – Centralisation, Simplification and Standardisation. This has been a mantra of CIO Plus ever since it was developed and successfully delivered to produce one of the most efficient IT departments in the UK at Scottish & Southern Energy which redefined performance and IT benchmarks within the UK Electricity Industry.
We now couple this with our proven methodology Integrated Operational Planning & Budgeting (IOPB) which ensures a cost/efficiency balance to IT and makes sure that only projects which add to the bottom line are undertaken and that promised benefits are delivered. We also deliver benchmarking as part of this service and the result often resets industry standard benchmarks.
What our clients have said:
QinetiQ revenues reduced from £1,703m in 2011 to £1,470m in 2012 but profitability rose by £90m to £145m in the same period. The reduction in the cost of IT made a significant contribution to this performance and QinetiQ was nominated for the PLC Turnaround of the Year Award.
"If IT were an operating division, it would have been the most profitable one"
Leo Quinn, Chief Executive of QinetiQ commenting on IT’s performance
Case Study - QinetiQ
World Experts in Security and Defence
Learn how significant savings generated by a change in sourcing strategy led to QinetiQ being nominated for 'Turnaround of the Year' in 2012 and the role that CIO Plus played.
View the full case study here.
Case Study - SSE (formerly Scottish & Southern Energy)
One of the UK’s Leading Energy Companies
Understand the role played by CIO Plus in improving the IT service performance within SSE which led to a substantial rise in profitability and a 140% rise in the share price.
View the full case study here.
Relevant Collateral
Please register to access our latest White Paper on Integrated Operational Planning & Budegeting. Download our presentation The Six Pillars of IT Value showing how CIOs can ensure that IT delivers the right value.