Gartner and Financial Executives Research Foundation Survey Shows CFOs Role in IT Investment Has Increased from 2011

Gartner

Recent Gartner research outlines the market shifts that are causing a groundswell of demand for SaaS business intelligence and corporate performance management solutions.  Increasingly CFO’s are getting involved in IT purchase decisions because they want to manage costs and improve how they operate the finance department.

Excerpts:

“CFOs need to explain to CIOs the IT capabilities needed by the finance function,” said Bill Sinnett, director of research at FERF. “There is an opportunity for them to form a powerful alliance that generates more value for the enterprise. The CFO and CIO are well-positioned to work together at generating superior performance from enterprise IT investments. However, this performance is often not achieved because of poor perceptions of IT, a parochial CFO or CIO perspective, or simply a failure to invest in the CFO-CIO relationship.”

“When it comes to areas that CFOs would like to invest in, the study showed that business intelligence, analytics and performance management are at the top of the list. CFOs clearly recognize the need for improved technology support for these key business processes and identified the top business process area that needs technology investment as the ability to facilitate analysis and decision making (57 percent) closely followed by collaboration and knowledge management (52 percent).”

Read the full article here: http://www.gartner.com/newsroom/id/2021216

 

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