Inspace connect - May 2015
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The document highlights several notable achievements by clients and associates, including the opening of a new service center by Jains Jubilant Nissan and the awarding of Cura Healthcare for business excellence. It emphasizes the importance of the CFO's role in aligning IT with business strategies to enhance operational efficiency and drive growth. Additionally, it showcases the success of new showrooms and startups in various sectors, urging contributions for future newsletter content.
Inspace connect - May 2015
- 1. • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! “Coming together is a beginning; keeping together is progress; working together is success.” Our Inspiration From Henry Ford CONTENTS 1
- 2. JAINS JUBILANT OPENS NEW SERVICE CENTRE Recently our client Jains Jubilant Nissan, which is part of the Jains Group, known for their two & four wheeler Hire Purchase finance business and later pre owned Cars under the Brand name of JAINS CAR SHOPPE, have opened their new state-of-the-art modern Car Service Centre at Koyambedu, the travel hub of Chennai. This centre is an exclusive Nissan Dealership Service centre catering to all Nissan make cars. We congratulate Jains Jubilant Nissan and wish them a grand success! CONTENTS • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! MAKING NEWS... 2
- 3. CURA Gets Awarded For Business Excellency 2014 (Healthcare Segment) CONTENTS True to the renowned visionary, Einstein's quote "The important thing is not to stop questioning", our associate, CURA Healthcare questioned its business strategy, processes etc., and to understand their customers better than ever. Like phoenix, CURA emerged as a leading Indian MNC in the medical equipment and devices space to turnaround and register a phenomenal growth of over 300% in the year 2014-15. As its growth strategy and inching towards the landmark milestone of INR 500 crores, CURA did acquire Delta Equipment (Now DE Healthcare) and Concept Integrations, and has launched range of imaging diagnostics solutions like Sonoscape portable, VINNO Doppler and Ultrasound for OT, Anesthesia and pain management, eZono4000. Recognising CURA’s “make in India” initiatives to provide accessibility and availability of cost effective medical equipment and devices in India and emerging markets, it was awarded with Frost and Sullivan innovation award. CURA was awarded Business Excellency award in 2014 for its after sales service support in Healthcare segment. We take this opportunity to wish CURA many more such awards of excellence in its journey! • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! 3
- 4. STYLEONE OPENS NEW SHOWROOM CONTENTS Our client Style One opened its second showroom at T . Nagar with a grand gala opening ceremony. We congratulate Style One on this occasion and wish them success! Many patrons and visitors came for gracing the occasion. Few memorable pictures are captured below for your view pleasure… • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! 4
- 5. SREE SAI AEROTECH FLIES HIGH! CONTENTS Our associates, Sree Sai Aerotech Innovations Pvt. Ltd have founded a start- up Atoms and Bytes, a start-up founded, which is manufacturing EAZYPILOT the Drone Controller. Their achievement was highlighted in “The Hindu” newspaper. We congratulate them for their wonderful accomplishment. • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! 5
- 6. CONTENTS • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! INBOX WELCOME TO THE CLUB… Recently Inspace secured few prestigious client and added them to esteemed list of clientele. Some of them are, 6
- 7. Business Aligned IT (BAIT Series 2) By Samuel Raj Anbudaiyan (Technology Auditor) The Crucial Role in BAIT is ‘CFO’ In this edition of our newsletter we would look into the crucial role of a CFO in aligning IT with business. Let’s dive deep… Many organisations, even at the enterprise level, consider IT departmental role as only a supporting function rather than utilising it as a business enabler. Thus many key users do not contribute much towards the strategies and operations of this function. The resultant is that the senior management resources do not involve in executional efforts, post the project initiation stages. This difference in rightly discerning the technological issues involved and applying the right priorities is essentially the reality now. Another important benefit that has been overlooked is that the business domain is unable utilise the full potential of well executed IT strategy’s effect on the core business. Many businesses only take-up short-term “patch works” of overhaul existing IT infrastructure, instead of investing in long term improvements that enhance the operational systems. Such change of course, would deeply impact and transform businesses. Few key top management executive guide their team on deriving value from technology initiatives. What benefits can we derive? Or rather… What CFOs Will Do? Due to the fact that, many a places, the IT function reports to the CFO, they are in the best position to better align IT with the business. Few pointers are given below: Since CFO is part of the management function, they understand the overall business process. Thus while budgeting the company operations, they are able to define a specific component for the IT budget as well, which improves fund management and better visibility for IT investments. CFO will guide the IT Team on detailed planning and objectives required for the business. This process will create greater business alignment by defining IT objectives and goals as a part of business goals. CFO will apply KPIs that assess the business impact of IT. This acts as a measurement of IT benefits vs. spending, and thus accordingly prioritise future investments. • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! CONTENTS 7
- 8. CFO only can say how the IT budget is justified within the overall budgeting, in terms of revenue contribution or cost optimisation. CFO can understand future spending requirements as well as business needs and thus balance operational and strategic IT needs. Business intelligence and data analytics will be driven by CFOs for the desired outcome for organisations. CFOs are best positioned to make major IT projects that can pay for themselves and even reap benefits through profits in the future. CFOs can insist and monitor whether the IT architecture that models the organization's technical capabilities is aligned with the business architecture. ERP initiates, will to be driven by a steering committee, of which the CFO is definitely plays a key role. This would ensure optimal project cost with timely project deliverables. Inspace has identified the potential in this space and has already launched its Virtual CFO (or Shared CFO) services long back. An article on Economic Times, recognising Inspace as contender is shown below. • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! CONTENTS 8
- 9. LOL! Lets relax… CONTENTS Get in touch with us! All are encouraged to contribute towards the contents of this newsletter. Please reach out to Editor’s Desk @ newsletter@inspacetech.com (This newsletter is for private circulation only. The Editorial committee reserves the right to publish contributed contents). • Our Inspiration • Making News (Partners) • Inbox • Business Aligned IT (BAIT) Series • LOL! 9