Challenges of IT Budget Planning for 2022
IT financial planning for 2022 is analogous to navigating uncharted waters, but IT initiatives remain critical to business success even as staff shortages affect IT strategy. With business as usual still out of reach, and financial planning more challenging than ever, what’s your best IT budget approach for 2022? Manage supply chains for changing demand […]
A New Approach to Your Next IT Budget Meeting
Budget planning and approval can get tense when goals and strategies are misaligned — which is business as usual between IT and finance executives. CIOs are wary of CFO pushback, and CFOs are skeptical about the value of IT initiatives. When finance views IT as a cost center, as opposed to a revenue generator, IT […]
CFOs + CIOs = Forging New Partnerships for a Better IT Budget
In the past, the CFO has acted as stop gap for IT projects deemed outside the scope — and budget — of the enterprise. But the recent rapid acceleration of digital transformation has brought IT and finance together to create a better budget process for 2022. Better together Friction between IT and finance is the […]
IT Financial Planning for 2022: Budgeting for Digital Transformation
If you’re an IT professional, the chaos and disruption of the past two years may have you approaching next year’s budget planning with something akin to dread. Digital technology has more than proven its worth in the scramble to make remote work feasible and secure, but the economic impact of recent events makes the rest […]
Lessons Learned: Remaking Budgets for 2022
Who says you can’t teach an old CFO new accounting models? Last year, budgeting was an exercise in winging it. But reopening demands a return to more concrete budgeting practices. That doesn’t mean a return to pre-COVID budgetary processes. What do CFOs need to know about better budgeting for 2022? What lessons should we learn […]
Budget Processes that Support Innovation
Despite the tremendous disruptions COVID-19 had on our economy and American businesses of all sizes, it has had less of a dampening effect on enterprise innovation initiatives than you might have imagined. Business leaders have remained firm on the value of technology and workflow innovation to allow our organizations to remain competitive and survive in […]
CIO IT Resource Allocation Amid the Ongoing COVID-19 Crisis
It’s astonishing how a tiny virus has reshaped our workforce, economy, and social norms. COVID-19 has shifted entire paradigms from accepted best practices — and the pandemic isn’t done with us. While we don’t know yet if our shifts in IT tactics and labor usage rates are permanent, we do know that corporations must prepare […]
How Can CFOs Build Bottom Line Resiliency into 2021 Financial Planning?
2020 will be written as the year of firsts for most companies. Unprecedented changes challenged chief financial officers (CFOs) as a global pandemic put a dampening effect on the bottom line of American businesses, big and small. With 2021 just around the corner, how can CFOs take what we’ve learned this year to build more […]