The role of the CIO and influence of IT organizations have changed radically in the last ten years. In the private sector, CIOs are part of the corporate C-suite influencing strategic direction and revenue growth; in the public sector, CIOs are members of governors’ cabinets influencing citizen-facing solutions.
This means CIOs must have strong financial teams backing them up. The finance team must serve as a strategic partner, developing business cases, unpacking costs, and supporting supplier management strategies. The finance team itself can move from a reporting role into an influencing role.
This white paper describes how IT finance organizations can move from being perceived as a back office function to directly influencing strategy.
