The recent focus on corporate governance initiatives, Sarbanes-Oxley, and financial reporting integrity are impacting technology. Information Technology should focus on delivering information to the right constituents. Information delivery, storage, and user access should be aligned with appropriate governance issues or initiatives. CFOs should continually reassess their technology is being fully leveraged and aligned with their firm’s business objectives.

Integrating business and technology is an objective of every organization. The growing need for synchronization between business strategy and technology is the reason why priority-setting and resource allocation remains one of the top IT concerns for many CFOs , particularly as significant sums are spent on infrastructure and maintenance.

A key challenge for the executive is to identify ways to reduce a company’s expenditures for IT infrastructure and maintenance in order to free-up valuable IT resources for other initiatives that improve competitiveness and business performance.