CFO And CFO Will Cooperate More Closely In The Future

With the gradual increase of market competitive pressure, enterprises will shift their focus from simple income growth to profit growth. Head-hunting company. Such changes will require more technological investment and support for business process reengineering, and a more complex mode of service delivery. The greater the investment in information technology, the greater the risk of operation and IT execution. The more CIO and CFO need to maintain regular communication to manage business operations. For example, the audit of financial statements will become more stringent in the future, and a coordination system between information and IT systems must be established within enterprises. Zhen Lijuan said.

At the same time, due to the increasingly stringent laws and regulations closely related to business operations, such as the introduction of the Sarbanes act, it is necessary to strengthen cooperation between CIO and CFO to cope with the requirements of law. These two factors make enterprises improve their awareness and management level of risk. When enterprises attempt to accurately record these transactions, IT tools become an effective means to improve the accuracy of reports. And IT and the finance department are close. cooperation It can also find effective solutions to reduce the business risks faced by enterprises. No matter where risk comes from, -IT, operation or finance, cooperation can minimize risks.

Although CIO and CFO need to work together in the development of enterprises, conflicts are inevitable. In the CIO that I have contacted, most CIO have more or less opinions on the CFO of their enterprises. Sun Xueqi, who is the dual role of CFO and CIO, has a deep feeling. On different occasions, he is often asked by CIO questions such as "how to get along better with CFO". "Complaint is very common and has always been the focus of discussion. Their main questions are budgetary control, efficiency evaluation, performance appraisal, assessment contents and matters. Sun Xueqi smiled and told reporters. What are the factors that bother CIO and CFO?

In a survey released by IBM and Tsinghua University, 51% of China's CIO is the core member of the top management team. CIO's participation in strategic decision making is 56% and the world is 69%. The figures show intuitively that the strategic position of China's CIO is lower than the global level. This shows that the degree of application and importance of IT technology in Chinese enterprises is not high enough. Therefore, as a leader of the IT department, China's CIO can not assume the majority of the strategic decision-making tasks, especially 32% of the people do not consider themselves an important member of the senior leadership team.

However, do not think that the figure of 51% means that China's CIO has the right to speak, nor should it be overly optimistic about the transformation of their strategic position because of 56% figures. Chief technology officer. The head of the survey said that another figure must be seen, that is, only 5% of China. CIO They believe that they have participated in the decision-making of enterprise strategy to a large extent.

These figures also indicate that CIO, which lacks the right to speak, has always been highly placed in the company. CFO In the dialogue, "a short cut", because it is difficult to obtain high-level trust, CEO is hard to let CIO integrate the IT planning of the whole enterprise into the strategy of the enterprise. Under the guidance of such a concept, it is inevitable for CFO to control the project budget proposed by CIO. For many traditional industries, the demand for enterprise informatization is not strong enough. It is even more difficult for CIO to get CFO's budget approval.