Strategic Integration: 10 Business-Building Tips - Slide 6

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Previously, Loraine Lawson shared an Aite Group study showing how technology integration affected investment advisory firms. With advising firms, you want financial advisors spending time on clients and portfolio management – not frittering away time on administrative tasks and compliance. The study found that when IT created tight integration among the supporting applications, advisors spent 50 percent more time with clients than the average financial advisor. It also reduced their administrative burden by 33 percent and their compliance workload by 30 percent.

 While you're at it, don't forget desktop integration. An Aberdeen report found that businesses could reclaim six hours per employee of lost time each week with better tools, citing in particular integration between enterprise applications and desktop tools.

Given the recession, it's a safe bet that the focus will be on cost cutting for some time to come. But the smart money will also be on creating more business value with what remains.

To do that, you're going to need to think strategically, even when you are dealing with integration. That can be a bit tricky, since integration is often treated as a “have to do” on the road to accomplishing something else.

But integration can be very strategic. To prove it, Loraine Lawson has compiled 10 ways that companies can use integration and integration-related strategies to build business, squeeze more business value out of existing systems, and solve pressing business challenges.

More Slideshows:

Smart Integration in Seven Steps
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How to Select a Competency Center Model

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Four Common Mistakes in IT Portfolio Management

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