CFOs Value Insights over Cost Reduction

IBM just published the results of a study of the attitudes of 1,900 chief financial officers and senior finance executives from across the globe, and finds, not surprisingly, that in the wake of the recent global economic crisis, cost cutting is an important priority. However, ranking even higher than cost cutting was their ability to "provide inputs into enterprise strategy." But they desperately need better information and insights - a critical role for IT going forward. The survey found that 50% of respondents feel their finance organizations are currently effective in providing the necessary business insight to support these broader enterprise priorities.

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