Canadian Treasurer
 

November 9, 2011

CFOs and the I.T. Factor

TORONTO--The ties that bind finance and technology appear to be getting stronger, according to a new   Robert Half  Management Resources survey. Thirty-eight per cent of chief financial officers CFOs recently polled said that, in the past three years, they have become more involved in technology-related decisions. Only 7 per cent said they were less involved in these decisions.

The survey was developed by   Robert Half  Management Resources, the world's premier provider of senior-level accounting and finance professionals on a project and interim basis. It was conducted by an independent research firm and includes responses from 270 CFOs from a stratified random sample of Canadian companies with 20 or more employees.

CFOs were asked, "In your role as CFO, are you more or less involved in technology-related decisions than you were three years ago?" Their responses:

Much more involved.......................... 23%

Somewhat more involved...................... 15%

No change................................... 54%

Somewhat less involved...................... 1%

Much less involved.......................... 6%

Don't know/no answer........................ 1%

---- 100%

"Finance executives continue to focus on ways to improve efficiency, be more strategic and boost overall productivity," said   David King, Canadian district president of   Robert Half  Management Resources. "Technology plays a big role in enabling these shifts - not just for accounting and finance, but for every department within the organisation."

Collaboration between finance and IT is likely to build as companies prepare for major projects in 2012. In a separate Robert Half  Management Resources survey, CFOs cited IT systems as one of the top areas in which they were most likely to invest in the next 12 months.

 

 

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