The Five CFO Decision Drivers for Software Investments

The Five CFO Decision Drivers for Software Investments

This IDC Perspective provides guidance on the priorities of business leaders and the key focus research areas prior to approaching the CFO for IT spend. Today's economy is changing minute by minute, and CFOs are saying no more often on spend or only investing if they have a quick ROI. Therefore, we outline five key areas to develop that can make or break a request, offer guidance on how to avoid the pitfalls and shorten your time to request, and provide the questions to be answered on the pitch for the investment."The digital world and the global economic aspects are reshaping what, when, how, and why the organization invests in technology. The CFO and finance department roles are evolving in this digital world. Besides the fiduciary responsibility for the organization, the team also wears many hats to help the business navigate through the storms of disruption so it can be more agile and resilient while scaling as needed. This digitally savvy approach allows the office of the CFO to have a more holistic and impactful decision lens with even more information beyond the financial aspects when requesting funds for projects," says Heather Herbst, research director, Worldwide Office of the CFO.

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