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Where Finance Belongs on the IT Agenda

By: IBM
IBM

When the economy is stable, a company’s IT organization may view Finance as just one of many internal customers competing for attention. Finance vies for IT resources alongside Operations, Sales, HR and other departments. And in stable, “normal” times, Finance may be content to wait its turn and simply get by, using whatever tools it has used in the past.

But in the current recession, “the longest and nastiest since the Great Depression,” sudden shifts in revenue, costs, and the availability of credit can threaten even the most well capitalized companies. Their very survival may depend on the ability of Finance to anticipate and shape business outcomes, and drive transparency for better decision making.

IT and Finance, of course, share the goal of helping their businesses weather the storm and emerge from these difficult times poised for growth. Yet many expect the post-recession economy to be qualitatively different from what used to be considered “normal,” leaving traditional growth strategies open to reassessment. So, to prosper in this new environment, Finance will need the very best that IT has to offer.

Tags : finance, operations, change management, enterprise
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Published:  Apr 23, 2013
Length:  6
Type:  White Paper