Digital transformation requires closer CFO-CIO alignment

Finance leaders say they need closer alignment with the CIO to digitally transform their department

Closer alignment between the CFO and CIO is crucial if finance leaders are to effectively help the business achieve its transformation goals, a research report has concluded.

In a study of 1,905 finance professionals, four in ten admitted their department is becoming more accountable for the business’s success.

Nearly half (45%) of respondents said they are under increased pressure to raise productivity, and 41% to reduce operational costs.

Crucially, nearly three-quarters (73%) of finance leaders agreed that closer CIO-CFO alignment has become critical to achieving the business’ finance transformation.

Source: Digital transformation requires closer CFO-CIO alignment | Information Age