FinancialDirector

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Summary

A new survey, conducted in collaboration with Financial Executives International, reveals the technology needs of CFOs and financial application strategists. CFOs who assess how their organization’s finance and IT units compare with those surveyed will be better placed to improve their IT strategy.

Key Findings

Organizations need improvements in business analytics.
Business analytics and enterprise business applications remain top investment initiatives, followed by security and big data.
Interest in the cloud has increased significantly for business applications.
Over 80% of the organizations we surveyed plan to use a public cloud for most of their transaction processing.
Postmodern approaches lead in the selection of business applications.
CFOs still have a major influence on technology choices, but IT decision making continues to shift to business areas.

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Gartner, Inc., “Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises”; Nigel Rayner, Robert P. Anderson, John E. Van Decker; 19 June 2017.

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