CFOs AND THE I.T. FACTOR

Robert Half Management Resources Survey: More than 4 in 10 CFOs Getting Closer to Technology

MENLO PARK, Calif., Nov. 3, 2011 /PRNewswire/ -- The ties that bind finance and technology appear to be getting stronger, according to a new Robert Half Management Resources survey. Forty-four percent of chief financial officers (CFOs) recently polled said that, in the past three years, they have become more involved in technology-related decisions. Only 6 percent 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 1,400 CFOs from a stratified random sample of U.S. 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

17%

 

Somewhat more involved  

27%

 

No change

49%

 

Somewhat less involved

3%

 

Much less involved

3%

 

Don't know/no answer

1%

 
 

100%

 
   

"Finance executives increasingly view enhanced information technology capabilities as a route for the enterprise to achieve efficiencies and boost productivity," said Paul McDonald, senior executive director of Robert Half Management Resources. "In particular, cloud computing and business intelligence are gaining more attention from CFOs, who favor their benefits in enabling greater access to company data on a more flexible and cost-effective basis."

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 the area in which they were most likely to invest in the next 12 months.

About Robert Half Management Resources

Robert Half Management Resources is the premier provider of senior-level accounting and finance professionals to supplement companies' project and interim staffing needs. The company has more than 150 locations worldwide and offers online job search services at www.roberthalfmr.com. Follow Robert Half Management Resources at twitter.com/roberthalfmr for workplace news.


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