Survey Analysis: Gartner-Fei Study Helps You Understand The Cfo’s Technology View In 2016
A new survey, conducted in collaboration with Financial Executives International, reveals the technology needs of CFOs and financial application strategists. CFOs who assess how their organization’s finance and IT units compare with those surveyed will be better placed to improve their IT strategy.
This approach of including the Magic Quadrant survey respondents enables comparisons of IT and finance organizations’ perspectives on the IT function and IT investments.
The scope of Gartner’s 2016 study of CFO technology, conducted in conjunction with Financial Executives International (FEI), encompasses the IT perspectives of senior financial executives (such as CFOs, financial controllers, and business planning directors and vice president) and financial application strategists (including financial system directors and other IT managers) in the organization.
This year’s survey included 230 respondents from the FEI community and 712 respondents from the survey undertaken for Gartner’s Magic Quadrants for financial corporate performance management (FCPM) solutions and strategic corporate performance management (SCPM) solutions. This new approach of including the Magic Quadrant survey respondents enables comparisons of IT and finance organizations’ perspectives on the IT function and IT investments. In some cases, however, the very large changes to the sample size and respondents limit comparability with the previous year’s survey.
This is the 18th year of the FEI study and the eighth year in which it has been conducted in partnership with Gartner.
The purpose of the present study is to understand trends in technology from the perspective of the finance organization and to compare them, where appropriate, with that of the IT organization. It also aims to measure the collective perspectives of offices of finance and IT strategists tasked with managing an organization’s portfolio of financial applications.
There are many consistencies with prior years’ findings, but there are just as many highlights.
This report from Gartner will provide you a better understanding on how you can respond to the changing needs of today’s modern finance organization.