Despite several years of closer finance-IT interaction, few CFOs feel good about the value of technology investments.
Scott Leibs, CFO Magazine
December 1, 2005
Perhaps we accountants should look at the forest now that Sox's and other forces are reshaping our profession. We all expected to unite with IT and produce a more equatible and reliable reporting entity. It appears to not happen. We now think IT is more utility and is it? We want more of IT but yet think we are moveing further apart. Think about it - IT is not a function that can fit into accountants standard ROI model. Example, what return to you is the ability to sit across you distributor who is trashing you about warranty problems and in response you pull out your Treo, run a query of your service data, email the response to him and in seconds you and he look at factual information and you are able to bond in a solution with him--what is your net cash inflow? We bring to the table our skill set to use business analytics. We need to bring our open mind set to recognize the stratigic use of IT and make the investment required. I think your survey indicates this ability to look at the stratigic use of IT is starting to happening.
Posted by Milton Bulloch | December 15, 2005 11:11 am
We're seeing maintenance costs (mostly for software) increasing dramatically. My question has remained - do we REALLY need to "maintain" software? We're in a business that relies on IT heavily but there comes a point of diminishing returns - we and, I'm sure, other companies are there.
Posted by Andrew Tucker | December 15, 2005 11:04 am© CFO Publishing Corporation 2009. All rights reserved.