Careers Slideshow: The CFO Runs ITBy Dennis McCafferty | Posted 05-14-2010
The CFO Runs IT
42% of organizations say their IT department reports to the CFO - tops among all senior positions.
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About 33% of IT departments report to the CEO. Just 16% report to the COO.
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53% of CFOs surveyed say they'd like to have IT departments report direct to them.
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18% of organizations position the CFO as the main decision maker for IT.
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11% designate the CIO as the top IT decision maker.
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5% of organizations say the CFO has no role in IT investment decisions.
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IT's strengths, according to finance:Understanding/working with business needs (16%), customer focus (11%).
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IT's weaknesses:Communications (14%), project management (10%).
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Takeaways for the CIO:--Understand your CFO's impact on tech decisions.--Ensure CFO has appropriate understanding of technology.--Communicate to CFO ways tech can achieve business value.