In this lesson, ExecSense examines the relationship between technology and financial departments, and how executives in either can communicate needs more effectively. Learn how to talk strategy, remain up to date on technology trends, and put requests in terms that members of your financial or technology teams will understand.
This 6-chapter lesson is led by 2 experts, Joseph Wolke (Managing Principal) and John Carcone (Senior Vice President) of Forsythe Technology, and focuses on the priorities of both CIOs and CFOs, and offers four case studies that explore the intersection between them.
In this 65-minute session, you will learn:
- How to work together to forward technological progress and foster innovation without disregarding the importance of the bottom line, and why IT should be seen as a benefit, not a cost center by all involved
- The five things every CFO needs to do to ensure harmony with IT: talking strategy, not tactics; staying current on technological developments; leading cross-functional collaboration; looking to your CIO for help; and knowing partnership trends
- The five steps every CIO should take to help integrate IT into their companies in financially sound ways: understanding CFOs’ views on technology; knowing CFOs’ views on business; framing technology requests in business terms; analyzing financial impacts; and questioning every cost
- Why CIOs and CFOs should put themselves in each other’s shoes and how working together—not against each other—can help both departmentsr
- Four case studies of CFOs and CIOs who worked together to prioritize technology and innovation without forgetting the importance of costs and profits