CFO AND CIO INDICATOR STUDY
Rethinking finance digital transformation.
Our survey of 1,060 finance and IT leaders in 12 industries tracks the state of digital finance transformation in organizations today. Read the reports for details and insights.
The CFO’s key to unlocking digital finance? Your CIO.
Today’s CFO faces novel challenges when it comes to transforming finance. Your CIO won’t just help you overcome them. They’ll also help you drive ROI. Read the report to find out how.
CIOs, meet your new transformation partner: your CFO.
By joining forces, CIOs and CFOs are able to find the right balance between their priorities and drive meaningful progress. This report will show everything you need to know.
ABOUT THE REPORTS
Creating a path to digital maturity.
Research shows a positive correlation between finance and IT alignment and digital transformation maturity. By going beyond legacy ERP, organizations can focus on the data integration, technology, and skills necessary to move finance forward.
Finance needs usable data to create value.
To keep pace with change, finance teams need timely and accurate data to meet their transformation and business goals.
IT must empower future-ready finance.
Today’s CIOs can shift IT from cost center to value creator by helping finance streamline time to close and gain efficiency through automation.
WHAT LEADERS ARE SAYING
“Instead of being an order-taker for ad hoc business requests, my team is now responsible for the overall satisfaction of each business unit.”
—Ryan Schlimpert, CIO
"From an IT perspective, it is important that there is somebody who can speak both languages: finance and tech."
—Dave Harris, CIO
“In the future, I don’t think finance employees will need to be IT experts, but they will need to be conversant, to understand technology trends, and to know the questions to ask.”
—Daniel Perschke, VP and Controller
SURVEY FINDINGS
Build a CFO-CIO partnership.
The adoption of cloud-based technology is essential, but true digital finance transformation also requires a partnership between finance and IT that makes finance data integration a shared strategic goal.
31%
of organizations say finance and IT are rarely aligned, hindering digital transformation.
46%
of finance and IT leaders say they have the right systems for finance teams to make accurate, timely decisions.
54%
of CIOs agree that ERP modernization is critical, but don’t have the time for it.
Close the alignment gap.
42% of CFOs admit that their business has yet to develop a digital finance transformation strategy, compared to 19% of CIOs. A lack of organizational alignment between finance and IT is cited by CFOs as one of the biggest barriers to transformation.
Partner with IT to drive results.
41% of CIOs say that they don’t have a seat at the table during critical finance meetings, even when technology is key to solving a challenge. And only 42% of CFOs are confident in the integrity and usability of their data, compared with 57% of CIOs.
INSIGHTS TAILORED TO YOU
Finance transformation for FP&A.
While 90% of FP&A leaders have digital transformation strategies in place, they face two barriers to moving forward. What are those challenges and how can you overcome them? Find out.
CFO-CIO alliance in medium enterprises.
Aligning finance and IT teams is key to growth. Learn practical ways to bring synergy to your teams and how alignment can pave the way to transformation.
Learn how artificial intelligence impacts the future of work.
While 3 in 5 businesses are adopting AI and machine learning, only 1% of those surveyed would consider the adoption "mature." Read our C-Suite Global AI Indicator Report to learn more.
Find out how CFOs can take action.