The Financial Performance Management practice at Ventana Research focuses on business problems important to finance organizations that information technology can play a major role in solving. While they assert that IT plays an important role in enhancing the efficiency and capability of finance departments, technology itself is not their focus. Still, often they find senior finance people unaware of IT solutions to issues, or who might resist by invoking the six most expensive words in corporate management: "We've always done it this way." With this in mind, they offer suggestions where CFOs, assisted by technology, can make an important difference in their company's results.
Ventana sees four areas where finance and information technology intersect today to provide CFOs with leadership opportunities: planning, closing, external intelligence and cooperating with operations.
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