Canadian Tire CIO Spends $40 Million for POS Sweep
The $8.4 billion conglomerate saw replacing the 15-year-old payment system as essential, CIO Andrew Wnek explains. (CIOInsight.com)Typically, a CIO arguing for a $30 to $40 million IT investment for new payment systems has to answer a lot of questions from a skeptical CEO, chief financial officer and board members. But that wasnt the recent experience of Canadian Tire Corp. CIO Andrew Wnek. Wnek reports to the CEO and runs IT for the $8.4 billion Canadian megabrand, which includes stores that sell tires and related auto parts, a chain of gas stations, car washes, emergency roadside service, clothing stores and a division that creates credit cards as well as sells insurance and warranties. An executive who is used to having to create elaborate business case assessments for various technology programs, Wnek said replacing the network of 12- to 15-year-old NCR ECR (electronic cash registers) with Fujitsu POS units "wasnt a hard sell."
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