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The subprime crisis claims more banking victims.

ARE CFOS FROM MARS AND CIOS FROM VENUS?

Overcoming the perception gap to enhance the finance-IT relationship

Widespread advances in technology and process automation lift expectations for heads of finance and IT departments. Expectation magnifies outcomes, good or bad. Success increasingly hinges on the ability to cooperate, when by nature CFOs and CIOs often compete for attention, resources and authority.

Corporate reliance on the speed and integrity of critical information also unites finance and IT as never before. Managed poorly, interdepartmental friction can inflame tension and derail careers. Well-oiled collaboration, on the other hand, leverages the value of strategic thinking in rewarding ways.

This challenging terrain furnished the impetus for a survey and interviews of some 130 European CFOs, CIOs and CEOs. Their replies highlight factors that facilitate effective collaboration or hamper it. The bottom line: many CFOs appear to be from Mars, and many CIOs from Venus. Why? Their issues say it all. CFOs believe IT lacks understanding of the business strategy, while many IT managers focus on softer skills, saying finance fails to communicate goals effectively.


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ARE CFOS FROM MARS AND CIOS FROM VENUS?
Overcoming the perception gap to enhance the finance-IT relationship (June 2008)

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