An important role of both the finance
and information technology functions is to help ensure the agreed strategy is
proceeding according to the plain. The table below (devised by the US institute
of Management Accounts) outlines the rationale behind this view.
Description
|
Traditional View
|
Strategic implication
|
Cost
|
The finance and information technology functions can be relatively expensive.
|
Shared services and outsourcing could be used to capture cost savings
|
IT
|
IT has traditionally been transaction based
|
IT/IS should be integrated with business strategy.
|
Value
|
The finance and IT functions do not add value
|
Redesign the functions
|
Strategy
|
Accountants and IT managers’ are seen as scorekeepers and
administrators rather than as a business partner during the strategic
planning process.
|
Change from cost oriented to market oriented. This is development of
more effective strategic planning systems.
|
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