Are CFOs from Mars and CIOs from Venus? Overcoming the Perception Gap to Enhance the Finance-IT Relationship

Sponsored By CFO Europe Research Services

Topics:

Budgeting & Planning > Strategy

Technology > IT Management

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Abstract:

Widespread advances in technology and process automation lift expectations for heads of finance and IT departments. Expectation magnifies outcomes, good or bad. Success increasingly hinges on the ability to cooperate, when by nature CFOs and CIOs often compete for attention, resources and authority.

Corporate reliance on the speed and integrity of critical information also unites finance and IT as never before. Managed poorly, interdepartmental friction can inflame tension and derail careers. Well-oiled collaboration, on the other hand, leverages the value of strategic thinking in rewarding ways.

This challenging terrain furnished the impetus for a survey and interviews of some 130 European CFOs, CIOs and CEOs. Their replies highlight factors that facilitate effective collaboration or hamper it.

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