Online investing services company Scottrade, Inc., last night was ranked
number 83 on the 2014 InformationWeek Elite 100 - a list of the top
business technology innovators in the U.S.
"The creation and development of FRIP would not have been as smooth without the business and IT working together in lock step to make it work," said Ian Patterson, Scottrade's chief information officer. (Photo: Business Wire)
The company made the list for its behind-the-scenes technical
development and creation of the Flexible Reinvestment Program (FRIPTM).
Aligned with the Future-State methodology, Scottrade's IT and business
departments worked closely to deliver this program to Scottrade's
millions of clients.
"In an effort to provide clients with engaging experiences, Scottrade
wanted to find a way not only to create a program to help clients
reinvest dividends, but also build an exclusive program that sets it
apart from competitors," said Ian Patterson, Scottrade's chief
information officer. "The creation and development of FRIPTM
would not have been as smooth without the business and IT working
together in lock step to make it work."
FRIPTM provides clients with greater flexibility to reinvest
accumulated dividends from publicly-traded companies. In order to break
away from the industry-standard dividend program of requiring dividends
to be reinvested in the same security owned, Scottrade's innovative
system that pools the value of the dividends and allowing clients to
purchase up to five eligible* securities at a time.
One of the keys of this project's success was that it was developed and
delivered quickly for clients to use. Clients have provided very
positive comments about the program through Scottrade's social media
channels and independent blogs.
Technology enhancements to the company's trading tools and programs are
fueled by input from clients. Their feedback through the Scottrade®
Online Community and other channels, both online and in person, inspires
and prioritizes the work of the company's digital solutions and
information technology teams. When it's time to build new tools, just as
when building FRIPTM, Scottrade relies on client usability
testing to ensure its new tools are easy to use.
"The digital business movement is a force CIOs can't ignore. Digital
businesses are adept at using the web in conjunction with mobile,
social, analytics, and other technologies to not only boost sales, but
also change their relationships with customers," sid InformationWeek
Editor In Chief Rob Preston. "The 2014 InformationWeek Elite 100
highlights companies that are leading this digital business revolution,
redefining business models and reshaping industries."
This is InformationWeek's 26th year identifying and honoring the
nation's most innovative users of information technology. For 2014, this
assessment was narrowed to a more elite 100 organizations. Our
InformationWeek Elite 100 research tracks the technology-based
investments, strategies, and results of some of the best-known
organizations in the country. Unique among corporate rankings, the
InformationWeek Elite 100 spotlights the power of business technology
Additional details on the InformationWeek Elite 100 can be found online
For more than 30 years, InformationWeek has provided millions of IT
executives worldwide with the insight and perspective they need to
leverage the business value of technology. InformationWeek provides CIOs
and IT executives with commentary, analysis and research through its
thriving online community, digital issues, webcasts, proprietary
research and live, in-person events. InformationWeek's award-winning
editorial coverage can be found at www.informationweek.com.
InformationWeek is produced by UBM Tech, a global media business that
brings together the world's technology industry through live events and
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together the world's technology communities through live events, online
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more information, go to http://tech.ubm.com.
About Scottrade, Inc.
A leading investing services company founded in 1980, Scottrade's
mission is to improve lives by helping people overcome barriers to
financial success. Through a large, nationwide branch network, Scottrade
partners with millions of clients, offering them the solutions and
support they need to take control of their long-term investing and
trading needs. For more, visit about.scottrade.com,
or talk to us via
social media. Member FINRA/SIPC.
* Marginable equities are eligible with the Program Balance, as defined
in the Flexible Reinvestment Program™ Terms
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140402006318/en/
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