CFOs Taking Lead Role in IT Decisions

By Dennis McCafferty  |  Posted 10-17-2014 Email

A significant share of CFOs say they are really in charge of making key, strategic tech decisions, according to a new survey from Accenture. The accompanying report, titled "The CFO as Architect of Business Value: Delivering Growth and Managing Complexity," covers a broad range of finance-related topics. But CIOs will want to skip right to the section about CFOs' perspective on the digital agenda. That's where they'll see that many CFOs consider themselves as having the ultimate say in tech investments, ROI determination and the retirement of older IT systems. The Accenture report offers a comparison and contrast with regard to CFOs at high-performing companies and low-performing ones. High-performing organizations cite high levels of satisfaction with the role of their finance function throughout most enterprise needs. In general, CFOs are more actively involved with key IT decisions at the high performers, findings show. "CFOs have expanded their role in evaluating, prioritizing and executing technology investments," says Scott Brennan, managing director of the finance and enterprise performance group within Accenture Strategy. "Many CFOs understand that technology—especially big data and analytics—presents an opportunity to inform actionable insights, improve efficiency and drive the growth and profitability of the organization." Nearly 620 senior finance executives, with one-half being CFOs, participated in the research. For more about the survey, click here.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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