Four out of every five IT projects are delivered late or over budget, according to finance and IT directors in the UK and France. The figures came out of a survey that followed a seminar series for finance and IT directors sponsored by business intelligence software solution provider Seagate Software, which said companies must improve the value they get from IT investment. Almost half of IT directors said their company had cancelled IT projects and the report found 80% of other technology-related initiatives had either been delivered late or over budget. ‘It is clear that the IT vendor community is not communicating effectively with the end-user world,’ said Seagate Software European strategy director Donald MacCormick. The survey found UK FDs blame time-consuming implementations and the reluctance of employees to adopt new technology for the difficulties. However, it also found that finance and IT departments were working more closely together than ever before. Almost 90% of UK respondents described relations between the two departments as ‘satisfactory’ or ‘excellent’. Some IT directors felt IT should have direct board representation, as did some finance directors. www.seagatesoftware.com.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union