A Letter From Boomer Consulting, Inc.
Dear Boomer Technology Circles Members & Firm Leaders,
This letter is an executive overview with the objective of
providing you strategy, direction and access to resources in 2013. It is based upon emerging trends and best
practices we have seen at the Boomer Technology CirclesTM and other
conferences this fall. A few strong themes run through the
trends – firm growth, talent development and mobile device management. Technology cuts across every area of the firm
and all service offerings today. Leadership and change management continue to
be the key elements of every firm’s success.
We see growth coming from three areas: mergers, organic and
new capabilities (lateral) whether acquired or developed internally. Acquiring or developing talent to deliver new
and repackaged services from the transactional to the strategic level seems the
most profitable for many firms.
Specifically, we see firms leveraging the cloud to make transactional
services more efficient while bundling those traditional services with higher
value CFO and strategic services. Firms
that don’t have the CFO and strategic services are either developing them or
teaming with others that can provide them.
Bundling and pricing Level 1, 2 and 3 services as a package makes them
more valuable to the client. The trend
is called "meshing” and works to the client’s as well as the firm’s advantage.
Merger activity is at a fever pitch, yet many firm leaders
are asking, "do I want more of the same, or do I want to be able to offer new
and higher value services?” Technology is an important part of all mergers, yet
most firms and transition advisors ignore IT due to its complexity and the time
required to properly plan for integration.
Technology is now a part of the culture in most firms and either managed
as a strategic asset or as overhead. Do
you know what it costs from a technology perspective to merge a firm into yours? There is no free lunch. CIOs in leading firms are now quoting the
range of $10,000 to $12,000 per FTE (including soft costs) to fully integrate,
training and standardize processes.
Firms that don’t adequately plan, pay far more than this in reduced net
income. With the focus on other
important issues such as deferred compensation in most merger deals, it is no
wonder technology is often ignored or overlooked.
To read the full report, please sign into the Boomer Knowledge Network.
The full report includes trends regarding:
- Talent Development
- Mobile Device Management
- Windows 8
- CCH Leadership
- Office 365
- Office Space
- Merger Advice
- Phone Systems
- Virtual Desktop Interface
- Disaster Recovery
- Cloud Accounting Platforms