Expanding the scope of audits beyond financial metrics necessitates collaboration with IT and HR departments, fostering a comprehensive approach.
For instance, partnering with IT leaders proves vital in comprehending the technical aspects and potentials of emerging technologies such as AI analytics or cloud systems. These partnerships enable CFOs to make well-informed decisions regarding technology acquisitions and upgrades.
Concurrently, engaging with HR aids in accurately evaluating the team’s current digital skills and pinpointing training requirements. HR’s involvement in developing training programs for digital literacy and data analytics ensures the finance team is well-prepared for the evolving digital landscape.
The initial step of this audit involves establishing clear objectives for the tech stack, such as enhancing operational efficiency or improving customer engagement. This establishes a focused audit, aligning technology with strategic goals.
While most businesses may possess a comprehensive inventory of their existing technology stack, ensuring it remains up-to-date and encompasses not only software and hardware but also data sources and integrations is crucial. Collaboration with IT departments is pivotal to guaranteeing a holistic overview.
Download the full report now!
