5 Tips For a Better CIO-CFO Partnership
#3. Change the way you measure IT:
One of the major issues with the CFOs is on their outlook about IT department when compared to finance. CFOs think that IT industry is nothing but a short term investment process where there is no need of measuring the IT budget for future investments. A CIO in manufacturing exclaimed that “There’s a total disconnect between the way we think in IT and the way finance thinks. CFOs want control over costs, and they want IT to be in one bucket so they can measure it easily. But IT is embedded in every organization and every department and every budget, not just one. CFOs need to learn to measure IT differently than other business budget lines.”
