TechnologyCFOs should improve IT investment

CFOs should improve IT investment

A short-term outlook increases pressure on CFOs as their role in IT investment increases, a new report finds

Increasing pressure on businesses to meet short-term financial targets have
led CFOs and their finance functions to become more involved in the process of
technology investment, a new report has found. 

Balance Point, a study by Ernst & Young of 150 US and European
CFOs, CTOs and senior IT decision-makers plus 15 executive interviews, found
that 74% of respondents thought that the finance function has become more
involved in IT innovation investment over the past two years.

The report also revealed that 69% of respondents saw increased pressure on
delivering financial results impacting upon IT strategy.

CFOs must educate their business about the skills and tools they can offer to
improve the IT investment process, the report argued.

‘Finance should educate us technical people about what finance does,’ said
one respondent.

Related Articles

Cybersecurity webinar: how protected are you and your data?

Security Cybersecurity webinar: how protected are you and your data?

4d Emma Smith, Managing Editor
Back to the Future: why financial transformation just hasn’t happened

Technology Back to the Future: why financial transformation just hasn’t happened

5d Workday | Sponsored
GDPR: Don’t forget the human touch

Security GDPR: Don’t forget the human touch

2w Neil Patrick, Director of GRC and Centre of Excellence EMEA for SAP
5 key tech innovations helping accountants transform their businesses

Accounting Software 5 key tech innovations helping accountants transform their businesses

2w Heather Darnell, Founder of Ask the BOSS
HMRC scaling back digital projects to ‘release project capability to EU Exit work’

Brexit HMRC scaling back digital projects to ‘release project capability to EU Exit work’

3w Alia Shoaib, Reporter
What is the role of governance, compliance, and control in financial transformation?

Corporate Governance What is the role of governance, compliance, and control in financial transformation?

4w Workday | Sponsored
Grant Thornton joins with Immersive Labs to increase cyber talent

Career Grant Thornton joins with Immersive Labs to increase cyber talent

1m Lucy Skoulding, Reporter
How can accounts payable departments protect themselves from fraud?

Technology How can accounts payable departments protect themselves from fraud?

2m Kristina Russell, Kefron