CDW: leading the way in technology solutions
Established in 1984, is a leading technology solutions provider based in Lincolnshire, Illinois. Spanning across multiple brands, the company provides its services to government, business, education and healthcare organisations in the United States, Canada and the United Kingdom.
Founded by Michael Krasny, the company’s original name was MPK Computing which later became Computer Discount Warehouse and thus CDW. Krasny’s initial idea for the business came from placing an advertisement in a newspaper to sell his printer and computer.
Fast forward to today, CDW has 10,000 employees, 250,000 customers and made $18bn in net sales in 2019. Its success has blossomed in specific key areas and USPs. For example, having solutions architects who offer individual expertise in designing customised solutions. Furthermore, providing implementation and long-term management of these solutions with advanced technology engineers.
CDW is a partner to Servus Credit Union, which was featured in . In the report, we spoke to , Vice President for IS Risk Management. He discussed the financial institution’s relationship with partners, including CDW. “I am very fortunate to have a core group of partners that I can rely on no matter what.” He continues, “Our partners are an important part of our operations to drive innovation and success.”
CDW and the Fortune 500
Illustrating the success of the business, CDW’s rise in the Fortune 500 rankings over the last 20 years is a focal point of its sustainable growth. In 2001, the company debuted on the list at number 435 with $4bn in sales reported. Today, with its impressive sales of over $18bn, it stands at number 178, as of 2019.
About the CEO
CDW’s current Chief Executive Officer is . Well known within the business she has held several high profile roles since joining in 2002, including Chief Legal Officer and Chief Revenue Officer. Leahy is responsible for the leadership of senior management, managing company performance and is responsible for strategic direction. She was also part of establishing CDW’s Women’s Opportunity Network, a business resource group strategically supporting women’s advancement and opportunities at CDW.
How can technology help cut business costs?
Businesses are always looking for ways to cut costs and help increase profitability. Choosing quick fixes that reduce expenses, such as redundancies, can often decrease quality, and also impede the company’s reputation.
Upgrading technology and how the company use it can improve the business, although it may require an upfront investment, it will help save money in the long run. We take a look at some of the different ways that technology can help improve business costs.
Time is precious when you have a business, every hour counts, and the budget accounts for each hour, whether that be operating costs or paying employees. Implementing efficient processes is a way to decrease delays, and make sure the business runs smoothly.
Technology can help to quicken everyday duties such as:
- Communicating with team members
- Accessing and locating files
- Scheduling meetings and tasks
- Monitoring progress and results
- Managing annual leave and absences
Going paperless is becoming more common, and there are many advantages of paperless environments in the digital age. It eliminates the need for physical storage solutions, so you don’t need to pay for using an off-site storage facility. If you usually keep files in the office, storing them digitally will create more space so that you can grow your team.
With a paperless system filing documents no longer means printing them out, then having to search for them manually later on. Digital storage can be done in seconds, and retrieval involves a quick computer search. The reduction in employee work hours spent on menial tasks is significant.
Moving to the cloud
The 2021 Flexera State of the Cloud Report shows that COVID-19 has had a significant impact on cloud adoption in 2020. The report found that multi-cloud continues to be the dominant strategy, adopted by nearly all surveyed enterprises, 92% of respondents reported having a multi-cloud strategy. 82% are taking a hybrid approach, combining the use of both public and private clouds.
With cloud computing, businesses can store and access data over the internet no matter where they are. It helps employees who are located in different areas to collaborate in a highly convenient and secure manner. Cost saving is one of the biggest Cloud Computing benefits. It helps you to save substantial capital cost as it does not need any physical hardware investments. Also, you do not need trained personnel to maintain the hardware. The buying and managing of equipment is done by the cloud service provider.
Running your business digitally gives you the option to operate remotely, full or part-time. With employees working from home, it enables businesses to downsize or remove the office altogether, to save on rent costs. With minimal staff onsite there will be other savings such as electricity and cleaning. Having remote employees could also reduce the cost of serving refreshments/catering, which some companies offer.
Ensuring your staff members can operate efficiently and safely from home is extremely important. Providing equipment such as laptops, monitors and mobile phones is essential, but to also make sure these devices are secure and have sufficient security measures.
The past year forced businesses to adapt quickly to remote working, and video calls become the norm. Zoom, a popular video call app, generated $2.6 billion revenue in 2020, a 317% increase year-on-year. Instead of paying for travel for client meetings, you can conduct them for free through a video conference tool. You can also access or host webinars through video conferences.