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June 09, 2003
Rick Omartian Featured in Tech Decisions Magazine
In the June issue of Tech Decisions Magazine, 2nd Vice President, IT Chief of Staff and Chief Financial Officer Rick Omartian comments on how IT organizations can do "more with less."
Insurers today are faced with the challenge of having to do more with smaller information technology budgets. With many companies taking a hard look at how they can get more with fewer dollars, IT departments are being forced to do the same. One way this can be accomplished is by renegotiating contracts and asking vendors to show a return on the company's investment. Guardian IT has had an initiative in place for the past two years that has helped lower costs and improve ROI.
"We went through all of our major contracts with our vendors, put in a formalized process of rebidding all of those, brought in competitors, reviewed all of the software, and went through formal RFPs," says Omartian. "We've also lowered out consulting exposure to six preferred vendors," which is about 10 percent of what Guardian used before.
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