CFOs should improve IT investment

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.

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