Upfront: Decision Support Outweighs Compliance in IT Investments

Topics:
Sarbanes Oxley Compliance,
Strategic Planning and Analysis
Tags:
Compliance,
Software,
Penton Media Inc.,
Management,
IT Investment,
Information Technology,
Finance,
Enterprise Software,
Decision Support,
Databases,
...
Source:
Penton Media

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Overview: For the Chief Financial Officers of some of the leading companies, a need for better decision support capabilities is the top driver of corporate investment in the finance function. This paper depicts about a survey conducted by Cap Gemini Ernst & Young, three-quarters of respondents cited gaps in corporate decision support as the basis of their business case for improving finance. Only about half cited Sarbanes-Oxley compliance efforts. A compliance focus is indicative of a short-term, quick-fix mentality. Concentrating on world-class decision support capabilities positions a company for long-term profit improvement.

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Format: HTML | Date: Jan 2004 | Pages: 2

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