the cfo’s dilemma: choosing the right technology foundation to deliver growth
DESCRIPTION
One of the biggest questions currently facing CFOs is how to best leverage technology to build the strongest foundation for success in an ever demanding leadership role. The finance organization owns what is arguably the most business critical core technology within any organization, including its financial/ERP system. Because so many systems throughout the enterprise rely on these core systems, the technology decisions made by finance leaders impact virtually every part of the company, including sales, marketing and operations. At the heart of these technology decisions is a strategic choice - whether a ‘best-of-breed’ cloud-based solution or a single software suite will provide the best architectural structure to support, and also enable, the company’s growth trajectory. It’s critically important for CFOs to truly understand which foundation will deliver the most compelling feature set and suitability-to-task, ROI and overall business benefits. Join us and discover the relative merits of integrated cloud-based solutions versus technology suite approaches in helping CFOs overcome hurdles to achieving profitable growth.TRANSCRIPT
- 1. Ask, Share, Learn Within the Largest Community of Corporate Finance ProfessionalsThe CFO's Dilemma: Choosingthe Right TechnologyFoundation to Deliver Growth
2. Learning ObjectivesAfter attending this event you will be able to: Learn to define the value proposition for a best-of-breedversus a technology suite approach for your company Understand how finance teams can realize the fullbenefits of the cloud Discover how to deploy a technology foundation that willscale and adapt to meet your needs 3. Welcome to ProformativeProformative is the leading educational resource forcorporate finance professionals.A resource where corporate finance and relatedprofessionals advance in their careers through: Uniquely valuable, online peer network On demand courses taught by peers and SMEs Valuable Features and ResourcesCheck it out at www.proformative.com 4. Ask, Share, Learn Within the Largest Community of Corporate Finance ProfessionalsThe CFO's Dilemma: Choosing theRight Technology Foundation toDeliver GrowthJeff Kaplan, Founder & Managing Director,THINKstrategies 5. Todays Perfect StormDriving the CloudMacro-MarketChallengesEnablingTechnologiesShiftingCustomer Attitudes 6. Key Macro-Market ChallengesDriving DemandEconomic UncertaintyKey ChallengesEscalating ExpectationsChangingWorkplaceGrowingCompetition 7. Technology Too Often AnInhibitor, Not Enabler 8. The Shortcomings of Legacy,On-Premises Apps Deployment Challenges 31.1% SW projects cancelled before completed. 52.7% of projects cost nearly 190% of original estimates. Operational Costs Maintenance & management costs >10x original license fee. Escalating hardware & staff support costs. Over provisioning/under-utilization of SW licenses. Economic/Budgetary Pressures Need to reduce IT costs, increase business benefits. Need to increase utilization to gain greater ROI. 9. Failing to ReapBusiness Benefits From IT AlixPartners/CFO Research surveyof 150 senior finance executives: Only 3% rate their companies as"excellent at converting businessspend to technology value. 66% give their companies a "C" or "D"grade measuring financial returns fromdiscretionary IT projects, such as bigdata ones. Only 5% gave their companies an "A". 10. Businesses of All SizesRecognizing Value of SaaSGartner expects the SaaSmarket to grow at a compoundannual growth rate (CAGR) of19.5% through 2016. 11. The CFOs Dilemma: Choosing the RightTechnology Foundation to Deliver GrowthThank you for your interest in this presentation.View the on-demand webinar or download thefull presentation at:www.Proformative.com