Survey Finds Financial Executives Prefer Mobile Electronic Devices

MENLO PARK, CA -- When it comes to technology, most chief financial officers (CFOs) seek products that provide a common feature -- portability. In a nationwide survey, cell phones topped the list of favorite electronic gadgets, with 46 percent of the response. Laptop computers were the tools of choice for one-third (33 percent) of executives, followed by handheld computing devices (7 percent).

The survey was developed by RHI Management Resources, North America's largest consulting services firm providing senior-level accounting and finance professionals on a project 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 more than 20 employees. The results are comparable to a poll on this topic conducted in 1999 by the company.

CFOs were asked, "What is your favorite electronic communication tool?" Their responses:

    2002   1999
Cell phone   46%   51%
Laptop PC   33%   26%
Handheld organizer/personal
digital assistant 
  7%   4%
Desktop computer                        4%   5%
Pager   2%   4%
Telephone   2%   4%
Other   3%   3%
Don't know/no answer   3%   3%
      100%     100%


"For CFOs who travel frequently, the ability to stay connected to the office is invaluable," said Paul McDonald, executive director of RHI Management Resources. "Portable electronic devices provide immediate access to key contacts and critical information. Financial executives are also taking advantage of technological features that enable them to check e-mail via cell phones, personal digital assistants or wireless handhelds, as well as participate in web- and videoconferences from their laptop PCs."

RHI Management Resources has locations in major cities throughout North America, Europe and Australia, and offers online job search services at www.rhimr.com.



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