Finance and IT are often the stewards of enterprise transformation. How should you align for impact?
Why is collaboration between CFOs and IT important?
Collaboration between CFOs and IT is crucial because both departments are often the main stewards of digital transformation. A recent Forrester survey found that 95% of finance and IT leaders believe a close partnership is essential for successful digital transformation. This collaboration helps build a coalition around technologies and investments that maximize ROI while minimizing risks.
What barriers do finance and IT face in digital transformation?
Finance and IT often face resistance and blockers from various angles, including legacy systems and siloed operations. To overcome these barriers, they need to establish codified rules of engagement, recurring touchpoints, and synchronized operating rhythms to foster collaboration and visibility across teams.
How can shared technology platforms enhance collaboration?
Shared technology platforms enable finance and IT to replace outdated, siloed solutions with integrated systems that all teams can utilize. According to 52% of finance and IT leaders, these platforms support scalable decision-making and drive successful integrated enterprise strategies, ultimately enhancing collaboration and improving process efficiency.