CFOs and IT Finding the Right Balance

Palmer, Ian
December 2003
Financial Executive;Dec2003, Vol. 19 Issue 9, p26
Academic Journal
This article presents a discussion over the role of chief financial officers (CFO) in determining strategic spending in information technology (IT) projects. The author examines the attitudes of financial executives on IT spending, noting that it makes up a significant aspect of corporate budgets. The author also discusses the relationship between CFOs and chief information officers with regard to IT spending, adding that it should be viewed as an investment. When viewed as an investment IT spending can be seen as an expense that has payoffs for the company which is a major concern for CFOs. The author also examines how IT budgets have grown and points to forecasts that suggest that spending in the area will continue to grow. INSET: How Can CFOs and CIOs Better Communicate?.


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