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Recommendations from CIOs to CFOs

Recommendations from CIOs to CFOs

The relationship between the chief information officer and the chief financial officer can be complicated, as these individuals may often be pulling in different directions that they feel will benefit the company.

In a recent CFO Magazine article, Martha Heller compiled opinions from CIOs

The relationship between the chief information officer and the chief financial officer can be complicated, as these individuals may often be pulling in different directions that they feel will benefit the company.

In a recent CFO Magazine article, Martha Heller compiled opinions from CIOs at a number of companies, including some that said finance chiefs should have more confidence that the IT operations are running as efficiently as possible.

"My CFO is always asking me, 'Why does it take so much money to run this system?' He refuses to understand the complexity of what it takes to deliver IT," one CIO in the hospitality business told the publication. "If a technology investment can’t show an immediate ROI, he zones out. But it’s my job to make sure that we’re spending the right IT dollars on the right things. If he doesn’t understand the complexities of IT processes, he has to trust that I do."

Another chief information officer noted that IT is based on long-term investments, and said CFOs should take this into account when considering the bottom line for the company.

The relationship between the IT and finance department has become intertwined at a number of companies, as many individuals are now holding the dual title of CIO and CFO, according to reports.

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