As the CFO role becomes more dynamic, she or he is being asked to take on more responsibilities that affect the whole business – especially when it comes to technology investments. What used to be primarily an IT undertaking is now rolling into the finance world.
But there is so much to think about when new technology is implemented, and many times companies aren’t aware of the technology tax they pay as a result of poor technology investments. Issues like poor user adoption and inefficient manual processes are one thing, but IT is sometimes so overwhelmed with tactical requests (like report writing) that requests for strategic analysis that could inform key business decisions are deferred or missed entirely.
CFO.com interviewed Stu Lucko, CFO at insightsoftware.com, to get a deeper understanding of how much this technology tax is really costing your business. Check out the full article here.