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Top Tech Trends CFO's Need to Know

Date post: 16-Jan-2015
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In Fall 2013, Welch LLP hosted a CFO Roundtable event to bring together a group of hardworking and proactive finance executives to talk about the impact that technology is having on their company and their role as CFO’s. On November 19th, we continued the dialogue through our free webinar “Top Tech Trends CFO’s Need to Know.” Learn about innovative technology practices and get a chance to ask our finance and technology experts for their advice! To view a video of the webinar, visit: http://www.welchllp.com/resource-centre/videos/webinars/
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Welcome to Today’s Webinar Top Tech Trends CFOs Need to Know
Transcript
Page 1: Top Tech Trends CFO's Need to Know

Welcome to Today’s Webinar

Top Tech Trends CFOs Need to Know

Page 2: Top Tech Trends CFO's Need to Know

Questions

• Attendees are in listen-only mode• This webinar is being recorded for future on-demand playback• Your participation represents acknowledgement that we are

recording• Tweet questions & comments to: #WelchCFO

Windows

Mac Tablet

Ground Rules

Page 3: Top Tech Trends CFO's Need to Know

Presenters

Bryan Haralovich, CPA, CA, CPA (Illinois) Partner, Welch [email protected]:@CAHaralovichhttp://linkd.in/1ioTtbp

Mark ScottCEO of TUC Managed IT [email protected]://www.tucmanaged.com/Twitter: @TUCManagedhttp://www.linkedin.com/pub/mark-scott/8/54b/20b

Page 4: Top Tech Trends CFO's Need to Know

What We Will Cover Today

• Technology Trends– Evolving Role of CFO

• IT Spending vs. Performance– The vCIO Approach

• Are You Ready for “The Cloud”?

Page 5: Top Tech Trends CFO's Need to Know

Technology Trends

• Today’s CFO role is multi-dimensional, particularly with the proliferation of technology in business;

• The 90’s brought us the internet, the 2000’s saw the explosion of information and data, and the 10’s have/will see the “consumerization of IT”;

• The CFO has been pulled into technology whether they like or not…

Financial

hat

Technology hat

Business hat

• Reporting and compliance;• Internal controls & risk;• Legal & governance;

• Operations - efficiency;• Strategy - effectiveness;• Top 10 corporate

objectives;

• Aligning IT with business;• Enabler or necessary evil;• Top technology issues.

CPA’s Role Evolving…

Page 6: Top Tech Trends CFO's Need to Know

Business Hat – What are Your Top 10 Corporate Objectives?

A Non-Exhaustive List:

1. Customer service/experience

2. Sales Generation

3. Marketing Awareness

4. New Revenue Opportunities

5. Improve Information Security

6. Management Information Systems

7. Communications – internal & External

8. Employee morale/productivity/managment

9. Business Process Automation (Cost Reduction)

10. Competitive/Market Analysis

11. Partnering & Referral Opportunities

12. Supply Chain Management

13. Business Continuity & Disaster Recovery

Page 7: Top Tech Trends CFO's Need to Know

Technology Hat – CPA Top 10 Tech Initiatives – September 2013

Page 8: Top Tech Trends CFO's Need to Know

Top CA Technology Concerns Over Time

CA Magazine’s 2008 Top 10 Technology Issues

1. Availability of IT Skills

2. Privacy

3. Outsourcing

4. IT Governance

5. Information Overload

6. IT Value

7. IT Controls Awareness

8. Social Networking

9. Green Computing

10. Data Controls & Assurance

CA Magazine’s 2012 Annual Technology Survey:

1. Bring your own device

2. Tablets & Mobile computing

3. Cloud Computer

4. Mobile Apps

5. Social Networks

6. Radio Frequency Identification

7. Big data & Business intelligence tools

8. Security

9. IT Governance

10. Green Computing

Page 9: Top Tech Trends CFO's Need to Know

IT Spending vs. Performance

Page 10: Top Tech Trends CFO's Need to Know

The Virtual CIO (vCIO) Approach

Page 11: Top Tech Trends CFO's Need to Know

Are You Ready for “The Cloud”

Start by understanding your Technology DNA…

Page 12: Top Tech Trends CFO's Need to Know

Q & A

Bryan Haralovich, CPA, CA, CPA (Illinois) Partner, Welch [email protected]:@CAHaralovichhttp://linkd.in/1ioTtbp

Mark ScottCEO of TUC Managed IT [email protected]://www.tucmanaged.com/Twitter: @TUCManagedhttp://www.linkedin.com/pub/mark-scott/8/54b/20b


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