IT and finance leaders are increasingly working together to innovate and operate at the speed of agile, finding ways to effectively finance tech initiatives.
FLEXIBLE delivery of emerging technologies to drive business outcomes is fast becoming today’s competitive battleground. Deloitte research found that 56 percent of CIOs expect to implement Agile software development, DevOps, or a similar flexible IT delivery model to increase IT responsiveness1 and help spur broader innovation ambitions.
But there is an obstacle currently slowing these efforts, and it is formidable: the sourcing and distribution of funds. IT’s operations and development processes are becoming nimbler and product-focused while the finance function continues to budget, fund, and report the same way it has for decades. The result: tension between IT’s needs and finance’s procedures. If left unaddressed, this issue could impair the CIO’s innovation agenda and undermine an organization’s strategic goals.