There’s no way around it: Technology is a big ticket item. And if finance doesn’t immerse itself in the nuts and bolts of IT spending, the results can be devastating to your organization’s bottom line.
First and foremost, it’s imperative that you have a hand in ensuring that IT is adding value to your company. Tech-finance blogger Alan Radding gave several ways to make sure IT is helping, not hurting, but here are two key suggestions:
Don’t get complacent
Technology changes very quickly, and IT can have the attitude of “If it ain’t broken, don’t fix it,” when it comes to upgrades to software and hardware. If you let inertia rule and ignore upgrades, don’t expect it to be smooth sailing down the road. Eventually support will end for older versions of software and outdated hardware. If IT’s forced to upgrade at that point, expect a loss of productivity. Bottom line: Keep up with technology.
Know the staff
The biggest chunk of IT spending comes from the staffers. Do you know your IT staff well? It’s time to start. Find out if they’re passionate about IT, the company and about opportunities to meet big-picture goals by way of technology. If they’re just going through the motions to keep the system intact, it may be time to look for new talent.
What success have you had lately that involved IT? Share your story in the comments below.
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