COMPUSHARE'S APPROACH

How much are you spending per employee for benefits? What is your worker compensation rate for each classification of employee? Do you know the effective employer taxes paid for each worker? Of course you’re familiar with this information. Knowing these costs and tracking them is how you keep costs in line while maximizing the performance for the compensation paid each valued worker.

But do you know precisely how much you spend on Information Technology per employee? Does it even matter? It actually does matter, and it matters more than you may know. If you’re not actively studying this ratio along with assets per employee, NOI per employee, ROE and others, chances are your organization is on the road to becoming a poorly performing institution in terms of technology, if you haven’t already arrived there.  IT Efficiency is the figure to study today if you have an interest in controlling the health of your IT Business Enterprise tomorrow.

Knowing this information is critical to assuring IT is helping your efforts and not hindering them. To demonstrate our conviction, Compushare recently established a preeminent industry principle by becoming the first Financial Technology Management Company to convert almost all of our pricing to a per employee basis. We call it Performance Pricing simply because if you want performance, then connecting your IT expense to employee growth is the best and easiest way to guarantee it.

It’s all a part Compushare’s unique business methodology approach to IT efficiency that we call CIOThink!, an entire process that actually operates and responds like a savvy, forward-thinking Chief Information Officer. With CIOThink!, your financial institution minimizes IT concerns - from internal operational and marketing demands to government regulations, all while adhering to COBIT standards – and maximizing technology ROI. As noted, your IT department is quickly converted from a staid necessity into a nimble and profitable business asset, improving efficiency ratios, retaining customers and achieving strategic goals.