Wednesday, August 7, 2013

How small business CFOs bridge the IT GAAP

Overview

A joint survey completed in 2011 by Gartner and the Financial Executives Research Foundation found that 42% of IT organizations report directly to the CFO. This number quickly jumps to 60% for smaller businesses with revenues between $50 million and $250 million. Addressing the communication, cultural and professional problems that arise from this reporting structure is difficult even for large corporate enterprises. Several articles offer advice to CFOs and CIOs on tackling this issue at the enterprise C-Level, but for small to middle market companies lacking an IT executive, this reporting structure should be approached differently due to both human and financial resource constraints.