CFOs Identify “Managing IT Systems” as One of Their Top 10 Concerns

As if busy CFOs did not have enough to be concerned about, “Managing IT Systems” was named as one of the top 10 concerns of CFOs in a recent poll conducted by CFO magazine.  Recognizing the huge liability of inaccurate information as well as concerns around security and business continuity, CFOs are beginning to take a more active role in auditing and assessing the management of their IT environment.  Top concerns about their own companies included:

  1. Ability to forecast results
  2. Working-capital management
  3. Maintaining morale/productivity during economic downturn
  4. Balance-sheet weakness
  5. Cost of health care
  6. Attracting and retaining qualified employees
  7. Supply-chain risk
  8. Managing IT systems
  9. Pension obligations
  10. Protection of intellectual property

For additional information go to Business Outlook Survey.