The IT Value Challenge’s author shares four surprising reasons why companies should have their CIOs lead their enterprise performance improvement initiatives in a new article on CIOUpdate.com.
Few events in a company’s lifecycle are more fraught with risk and opporutnity than a merger. However, the majority of mergers fail to live up to the expectations of the board, shareholders and stakeholders in the transaction. IT can play a pivotal role in realizing the full value of the transaction through driving an effective integration – thus increasing the value IT delivers to the business exponentially.
The IT Value Challenge’s author had the opportunity to share five practical steps companies can take to realize more value from mergers – with IT playing a starring role – on a recent national Grant Thornton webcast.
To view the replay, click here or visit gt.com.
Despite the steep costs of implementing Continuous Controls Monitoring (CCM), AMR Research reports that it will be one of the top three GRC investment areas of 2010. GRC executives must maximize the value of this significant investment to justify increased GRC spending going forward.
Many IT departments have, or will, be challenged to make significant investments in CCM technology in 2010 and 2011. There are opportunities for IT to work with Governance, Risk and Compliance groups to maximize the return on those investments and extend the core capabilities of CCM technologies to create value elsewhere in the business. By doing so, IT can demonstrate additional value and help justify other technology-enabled process improvements as well.
CFO Magazine ran a story late last week discussing the results of Greenwich Associates’ latest survey of financial executives at midsize companies, including the results of a question about how and how effectively those companies saved money last year during the economic downturn. However, there is a disconnect between the “how” and the “how effectively” that suggests two significant opporutnities for even more savings — opportunities that can be realized from leveraging existing investments many companies already have made. Read more >>