Last update:

The impact of ICT on the CFO

In a world mostly digitalized, does ICT take a bite out of the budget of every single organization. This digitalization has on the other hand an impact on the tasks of the CFO. There is the expectation that the CFO needs to create a sustainable cost-efficient growth collaboration between all departments within the company. The cost of the digital transformation is one of the top priorities of the CFO. t is a necessity to stay competitive within the market.

Why CFOs take the lead in a digital transformation

The new CFO 2.0 needs to take into account that digital evolution, to enter new ways to optimally work and to take as much as possible advantage of the digitalizing. It also shows in researchof Accenture Strategy. 82% of the CFOs recognises that his/ her investments in IT our in more ROI.

Technology offers on its turn of data-analysis to become to new conclusions. More examples? The cloud, mobility, machine learning, blockchain, … This are all new technologies with new opportunities for CFOs. The IT function in, big corporations as in small once, evolve to a new business model and does advertisement get a bigger role. They help others to understand the importance of strategic skills of technologies and give advice for the selection of external ICT suppliers. The changing role is mostly created by the irresistible rise of Cloud-computing. An evolution that a CFO can’t ignore.


3 reasons why the Microsoft Cloud is relevant for the CFO :


1)  The Cloud helps to slow down the growing shadow-IT

As CFO see how managers in the organization more and more often use their credit card to buy IT-services on the web. From the point of view of governance, compliance and safety is it a nightmare Through buy fast on-demand services, do business managers try to avoid the IT department, and the CFO.
To counter this, an analysis of all IT costs is necessary; this leads to insides of hidden It needs of the corporation, whether it’s about IT infrastructure, security, back-up, data storage, generic application or Line-of-Business-applications.Based on the analysis can be researched which services of the Microsoft Cloud answer their demand on the clear and unclear needs and at what price. That analysis creates a more transparent view of the costs of fragmented IT-use, which is typical for shadow-IT compared to an integrated solution and its benefits.

The Cloud is not every single time the best solution, but a good analysis can show when it is. Pay attention: the Cloud isn’t a goal in its own. It’s a very dynamic way to choose services and features, that are in this specific moment relevant for the organization. And it is very adjustable for the future.


2) The Cloud is safer

A lot of managers have the objection about the Cloud safety: the Cloud wouldn’t be safe. However, it’s the other way around:no organization can autonomous guarantee the same security as the Microsoft Cloud. By the use of the Microsoft Cloud services can the combined security in the field of the users, application and company information optimal be integrated, on all types of devices.
Microsoft knows the most common threats and constantly researches suspicious log-ins, scans continuously millions of emails and intercepts daily information streams from dubious servers. Every user of the Microsoft Cloud reaps the benefits of a strongly secured work environment. A CFO whom want to spend less and be confident, better uses for a Microsoft Cloud solution.


3) The Cloud offers a better integrated solution

If the CFO chooses more of the Microsoft-Cloud services, can he reduce the costs. First because the security costs will fall, but also because all the tools that are usable are integrated. There is nothing as difficult, costly and aggravating as tools where there need to be made bridges to integrate them. So, not the case for the Microsoft Cloud. Take for example Office and security: by choosing for Office products of the Microsoft Cloud, get the CFO directly a better security of his company information, because on one hand there are diverse security mechanisms build in Office, and on the other hand work on the same basis as the other Microsoft Services. 
Besides security does an integrated solution offer various benefits in the field of communication, information sharing, collaboration and Line-of-Business- applications such as CRM and ERP. Even if this is not directly visually for the CFO, offers the integration between all the application a big efficiency improvement for the daily users.


It is the CFO’s turn

Obviously does a CFO has a healthy dose of scepticism, because digital disturbance makes an organization vulnerable. Butthe better CFO reacts proactive and recognizes that technology changes fast and to waits means more risks, because if you wait you might fall behind your competitors.

A Longitude Research-rapport commissioned by Oracle and Accenture, show that more than two third of the respondents acknowledges the CFO as a leading advocate for the use of the Cloud and mobile and social technologies.. And you? What kind of CFO are you?


Less costs, more possibilities in your organization? Discover our Secure Modern Workforce Approach

Curious how much you can save? Do you want to know what a Secure Modern Workforce can do for your organization? We happily calculate the TCO for your solution.


Share this article

Share on facebook
Share on twitter
Share on linkedin

Related content

Bootstrap 5: The version we’ve all been waiting for

A lot of changes are still to come. In this post, we'll go over the major […]

Fluid Framework & Office Scripts

At the Build conference in May 2019, Microsoft showed the Fluid Framework to the public for […]