CFOs 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.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource