Bridging the Gap Between Technology & Firm Strategy

5.      Technology Steering Committee

Firms that are successful at leveraging technology as a strategic asset realize there is no such thing as an IT Project – only firm projects, led by firm leaders with the support of IT. If you simply throw projects to IT, you’re setting yourself up for failure and throwing away time and money. This is where a technology steering committee with cross-functional representation can ensure projects align with the firm strategy and are assigned to the right people who can successfully execute.

Bridging the gap between technology and firm strategy is a process that takes time and effort. If you focus on progress and not perfection you will make great strides towards proper alignment. Start by following the five actionable steps I’ve outlined above and you’ll start to recognize the power technology can have in achieving greater efficiency and accelerating your firm’s results.

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Jim Boomer is a shareholder and the CIO for Boomer Consulting, Inc. He is the director of the Boomer Technology Circles™ and an expert on managing technology within an accounting firm. He also serves as a strategic planning and technology consultant and firm adviser in the areas of performance and risk management. In addition, Jim is leading a new program, The Producer Circle, in collaboration with CPA2BIZ and the AICPA.