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Our Inspiration From

Henry Ford

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JAINS JUBILANT OPENS NEW SERVICE CENTRERecently our client Jains Jubilant Nissan, which is part of the Jains Group,known for their two & four wheeler Hire Purchase finance business and laterpre owned Cars under the Brand name of JAINS CAR SHOPPE, have openedtheir new state-of-the-art modern Car Service Centre at Koyambedu, thetravel hub of Chennai. This centre is an exclusive Nissan Dealership Servicecentre catering to all Nissan make cars.

We congratulate Jains Jubilant Nissan and wish them a grand success!

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MAKING NEWS...

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CURA Gets Awarded For Business

Excellency 2014 (Healthcare Segment)

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True to the renowned visionary, Einstein's quote "The important thing is notto stop questioning", our associate, CURA Healthcare questioned itsbusiness strategy, processes etc., and to understand their customers betterthan ever. Like phoenix, CURA emerged as a leading Indian MNC in themedical equipment and devices space to turnaround and register aphenomenal growth of over 300% in the year 2014-15. As its growthstrategy and inching towards the landmark milestone of INR 500 crores,CURA did acquire Delta Equipment (Now DE Healthcare) and ConceptIntegrations, and has launched range of imaging diagnostics solutions likeSonoscape portable, VINNO Doppler and Ultrasound for OT, Anesthesia andpain management, eZono4000.

Recognising CURA’s “make in India” initiatives to provide accessibility andavailability of cost effective medical equipment and devices in India andemerging markets, it was awarded with Frost and Sullivan innovation award.CURA was awarded Business Excellency award in 2014 for its after salesservice support in Healthcare segment. We take this opportunity to wishCURA many more such awards of excellence in its journey!

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STYLEONE OPENS NEW SHOWROOM

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Our client Style One opened its second showroom at T . Nagar with a grandgala opening ceremony. We congratulate Style One on this occasion and wishthem success! Many patrons and visitors came for gracing the occasion. Fewmemorable pictures are captured below for your view pleasure…

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SREE SAI AEROTECH FLIES HIGH!

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Our associates, Sree Sai Aerotech Innovations Pvt. Ltd have founded a start-up Atoms and Bytes, a start-up founded, which is manufacturing EAZYPILOTthe Drone Controller. Their achievement was highlighted in “The Hindu”newspaper. We congratulate them for their wonderful accomplishment.

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INBOX

WELCOME TO THE CLUB…Recently Inspace secured few prestigious client and added them toesteemed list of clientele. Some of them are,

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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 CFOin aligning IT with business. Let’s dive deep…

Many organisations, even at the enterprise level, consider IT departmentalrole as only a supporting function rather than utilising it as a businessenabler. Thus many key users do not contribute much towards the strategiesand operations of this function.

The resultant is that the senior management resources do not involve inexecutional efforts, post the project initiation stages. This difference inrightly discerning the technological issues involved and applying the rightpriorities is essentially the reality now. Another important benefit that hasbeen overlooked is that the business domain is unable utilise the fullpotential of well executed IT strategy’s effect on the core business.

Many businesses only take-up short-term “patch works” of overhaul existingIT infrastructure, instead of investing in long term improvements thatenhance the operational systems. Such change of course, would deeplyimpact and transform businesses.

Few key top management executive guide their team on deriving value fromtechnology 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, theyare in the best position to better align IT with the business. Few pointers aregiven below:

Since CFO is part of the management function, they understand theoverall business process. Thus while budgeting the company operations, theyare able to define a specific component for the IT budget as well, whichimproves fund management and better visibility for IT investments.

CFO will guide the IT Team on detailed planning and objectives requiredfor the business. This process will create greater business alignment bydefining IT objectives and goals as a part of business goals.

CFO will apply KPIs that assess the business impact of IT. This acts as ameasurement of IT benefits vs. spending, and thus accordingly prioritisefuture investments.

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CFO only can say how the IT budget is justified within the overallbudgeting, in terms of revenue contribution or cost optimisation.

CFO can understand future spending requirements as well as businessneeds and thus balance operational and strategic IT needs.

Business intelligence and data analytics will be driven by CFOs for thedesired outcome for organisations.

CFOs are best positioned to make major IT projects that can pay forthemselves and even reap benefits through profits in the future. CFOs caninsist and monitor whether the IT architecture that models the organization'stechnical capabilities is aligned with the business architecture.

ERP initiates, will to be driven by a steering committee, of which the CFOis definitely plays a key role. This would ensure optimal project cost withtimely project deliverables.

Inspace has identified the potential in this space and has already launched itsVirtual CFO (or Shared CFO) services long back. An article on EconomicTimes, recognising Inspace as contender is shown below.

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LOL!

Lets relax…

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Get in touch with us! All are encouraged to contribute towards the contentsof this newsletter. Please reach out to Editor’s Desk @newsletter@inspacetech.com

(This newsletter is for private circulation only. The Editorial committeereserves the right to publish contributed contents).

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