Standout Stories

IT costs… For years, enterprise information technology organizations have been measured by a few simple metrics to give business executives and CFOs high-level insights into IT spending. The most widely used metric is the well-known IT Spend as a Percentage of Revenue or its corollary, IT Spend per Employee. Both of these metrics vary significantly by industry and do not factor in the current explosion in technology fueled by the data economy.

Given the constant chatter in the market that “we continue to spend too much on IT,” it’s clear the current metrics aren’t providing the insights senior leadership needs to understand the ROI they are getting for their IT investment. So, how do you know what you should be spending on technology and more importantly, how can you collaborate with IT to spend it more wisely? Read full article

Global government debt… The amount of global government debt continues to rise, with the bulk of the growth being fueled by the U.S., China, Brazil and India, according to a Standard & Poor’s report cited by Reuters.

The rating agency said the stock of global government debt was expected to rise 2% to $42.4 trillion in 2016, with the amounts being repaid to be outstripped by new borrowing of $6.7 trillion. Read full article

 

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Listen: The Changing Role of the Professional Services CFO

“How do we grow, and how do we become more profitable?” asks Bill Daisy, a managing director at CBIZ Tofias.

 

Baidu Sales Surge 33% on Mobile Ad Growth

Mobile accounts for about two-thirds of the Chinese firm’s search traffic in a country that has more mobile than PC users.

 

Budgeting Buildup for CFO’s Twitter Q&A

All these stories build up to our March 29 webcast on how to get the most from your budget. Follow our Twitter @CFO to ask your budgeting questions.

 

How Do You Know IT Costs Too Much?

How do you know what you should be spending on technology and more importantly, how can you collaborate with IT to spend it more wisely?

 

Tech Firms Could Get Tax Windfall From Intel Case

Google’s parent Alphabet has disclosed it could post a $3.5 billion tax gain if a U.S. Tax Court ruling in favor of Intel is upheld.

 

Global Government Debt to Rise 2% in 2016

S&P says the bulk of the growth in debt will be fueled by the U.S., China, Brazil and India, with emerging market debt increasing by 9.4%.

 

IBM Buys Resilient Systems in Cybersecurity Move

The company is piecing together a portfolio of services that will enable customers to protect against, defend and respond to cyber attacks.

 

Citigroup Discloses FIFA Bribe Probe Subpoena

Federal prosecutors are investigating whether banks should have raised alarms about money transfers linked to allegedly corrupt FIFA officials.

 

GoPro Acquires Video Editing Apps for $105M

The acquisitions are intended to make GoPro’s software more user-friendly by allowing footage to be edited on mobile phones.

 

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