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Information Technology

Other than the larger corporations, our information technology clients have typically been either in banking and finance or are providers of specialized services to that sector.

These companies have developed niche technology offerings with core attributes and performance that are beneficial to banks, other financial institutions, and the treasury and finance departments of large corporations.

Technology offerings vary from networking hardware to software or web-deployed solutions with a dashboard interface that bring automation to previously manual functions. Marketable benefits relate to customer demands, including volume increases, risk mitigation, volume insensitivity, and compliance with an abundance of regulations such as FAS 133 / IAS 39 and The Sarbanes-Oxley Act 2002.

Marketing for information technology products often requires an overall approach and messaging that targets a number of parties with an interest in the purchasing decision. Communications that successfully convey large volumes of complex numerical and written information in clear presentations is also critical in this data-driven market. Technology companies also often look for technology-driven marketing, such as web and digital media.

“Our new communications had an immediate impact in sales presentations.”
SALES MANAGER, SOFTWARE CLIENT

 
information technology
COMPLIANCE COSTS
Section 404 of the Sarbanes-Oxley Act of 2002:

Public companies with average annual revenues of $5 billion found that their costs in the first year of compliance with Section 404 averaged $4.36 million.

This figure is up 39% from the $3.14 million companies estimated in FEI’s July 2004 survey, and 125% higher than the $1.93 million they estimated in January 2004.

The biggest increases were reported for such external costs as fees to consultants and software vendors, which averaged $1.71 million.

SOURCE
Financial Executives International (FEI) 2005