Client Case Studies - Corcoran Jennison
iCorps has helped Corcoran Jennison shift its struggling, understaffed internal IT model to a fully outsourced, well-staffed IT solution. The results are a more stable infrastructure; happier, more productive end users; and business-driven technology solutions that support the business more effectively and that enhance the firm’s ability to service its current and future customers.
From thriving, mixed-income and luxury housing to bustling exposition centers and grand oceanfront resorts—Corcoran Jennison has developed and managed over two billion dollars in property since 1971. The full-service real estate company currently owns and/or manages 170 properties along the East Coast and in Texas—including apartment communities, office buildings, golf courses and several hotels, as well as the Bayside Expo Center in Boston, and the Ocean Edge Resort on Cape Cod. Corcoran Jennison employs over 1,900 people that staff the property sites as well as another 100 people who work in its corporate offices in Boston.
A Gradual Shift
Through the years, the company has faced the typical demands of a thriving, growing business, including the related challenges of an escalating IT workload and increasing strain on its technology infrastructure. Not in the business of running a fully staffed IT shop, Corcoran Jennison turned for help to a company that specializes in IT services and solutions— iCorps Technologies.
Initially, Corcoran Jennison simply wanted to get a better handle on its existing internal IT situation—costs, staffing, productivity, and stability. The company felt it was treading water with its internal IT model. Its two-man IT “department” was in a perpetual reactive mode—with the majority of time focused on hardware issues and system maintenance.
iCorps performed a comprehensive, strategic audit of Corcoran Jennison’s systems, technology, and business processes. Over the next twelve months, the company implemented many of the resulting recommendations, and hired iCorps on an outsourced, as-needed basis. “iCorps strength,” says Chris Holmquest, Corcoran Jennison’s CFO, “is the extent of IT services and skills that they can provide through outsourcing that we don’t have available internally.”
When one of its two IT employees left the company, Corcoran Jennison replaced the newly unmanned responsibilities with iCorps support. The company also asked iCorps to assume the role of IT director to provide the necessary leadership, direction, and project management for the internal/outsourced team. The IT director and Holmquest met weekly to set IT project priorities based on the business needs, and to determine realistic schedules.
The injection of iCorps’ expertise improved Corcoran Jennison’s IT processes and customer response dramatically. With increased efficiency, there was time available to work on projects that had been shelved long ago in favor of more immediate maintenance needs. This new momentum continued while Corcoran Jennison’s IT costs remained flat.
When the company’s remaining internal IT person left the company in June of 2006, Corcoran Jennison shifted all of its IT requirements to iCorps. Today, the IT company provides Corcoran Jennison with all aspects of a well staffed and effective IT department, including an IT director, senior network engineers, a fully staffed help desk, and 24x7 remote monitoring—all to ensure stability, reliability, and long-term health and growth of Corcoran Jennison’s critical technical systems that support its business.
“iCorps’ people are skilled IT professionals, but they also really understand business. It’s never a canned solution. They assess each problem or project individually and provide technology options that are customized for our needs—and that work for our business.”
Chris Holmquest, Chief Financial Officer