CFOs Taking More Hands-On Approach to IT Decisions
With technology now playing a critical role in the success or failure of most businesses, new research shows those in charge of the purse strings at many organizations are taking a more hands-on approach with their IT departments.
A new survey from Robert Half Management Resources, an accounting and finance staffing agency, found that 44 percent of chief financial officers have become more involved in technology-related decisions over the past three years. Just 6 percent of those surveyed said they were less involved than before.
Paul McDonald, senior executive director of Robert Half Management Resources, said company leaders are increasingly viewing enhanced information technology capabilities as a way for the enterprise to achieve efficiencies and boost productivity.
"In particular, cloud computing and business intelligence are gaining more attention from CFOs, who favor their benefits in enabling greater access to company data on a more flexible and cost-effective basis," McDonald said in a prepared release.
The ties between the finance and IT departments only appear to be getting stronger. In a previous survey, CFOs cited IT systems as the area in which they were most likely to invest over the next year. The current study is based on surveys of 1,400 CFOs from a random sample of U.S. companies with 20 or more employees.