Financial firms have long been ahead of the curve in technology. Accounting for instance, was one of the first finance related disciplines to automate basic tasks. So it's natural that financial services firms and small finance shops, payment remittance companies and payroll vendors would turn to MSPs to parse some of their work.
Some MSPs are reportedly targeting financial clients and other shops are managing and hosting compliance automation software and cloud offerings in the world of finance.
"Finance talent should be focused on critical business issues," explains Theresa Clark, vice president of finance transformation for a finance governance software firm, "not mired in manual tasks that technology can automate with a surprising level of accuracy and detail."
Clark, a keynote speaker at the IQPC Finance Transformation Conference will talk about, among other things. how to determine which processes lend themselves to automation.
The conference will have workshops on best practices in automation projects, and will talk about the advantages of using vendor software and managed services in the area of finance.
Posted by Jabulani Leffall on September 21, 20100 comments
On this blog, in post after post, we've established that recurring revenue is the way to go and that pricing IT products and services shrewdly and correctly helps to foster a situation where IT service providers, VARs and MSPs can make money while they're asleep.
Of course the key to recurring revenue is creating reasonable packages with services that are not only cost effective but give SMBs a sense that they are getting more bang for the buck.
IT industry expert, Gary Pica, who transformed his small IT support, or "break fix shop" to use an industry parlance, into a $6 million managed services powerhouse believes pricing and revenue go hand and hand. Likewise Micah Shanks, owner of Lifeline Computer Solutions Inc., who claims he "tripled." his monthly recurring revenues in just 18 months, contends that the right pricing can make a business recession proof.
Both Pica and Shanks go into further detail about their philosophies in this Webcast.
Posted by Jabulani Leffall on September 15, 20100 comments