PodChats for FutureCIO/FutureCFO: The imperative of a CFO-CIO collaboration post-2024 Artwork

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PodChats for FutureCIO/FutureCFO: The imperative of a CFO-CIO collaboration post-2024

August 27, 2024 • CXOCIETY | FutureCIO FutureCFO FutureIoT

When speed is of the essence, budgets are limited, resources are strained, and the risks for failure are high, the collaboration between CFOs and CIOs may spell the difference between growth and profitability, or the end of the road for the company.

As organizations navigate digital transformation and rely heavily on data for decision-making, the partnership between these two roles has the potential to significantly enhance operational efficiency and strategic alignment.

CFOs bring financial acumen and risk management expertise, while CIOs contribute technological insight and innovation. Together, they can leverage technology investments to drive shareholder value, improve data governance, and optimize business processes. This collaboration is essential not only for successful project execution but also for fostering a culture of agility and responsiveness within the organization.

How to make this work sustainably is the subject of this special edition of PodChats for FutureCFO and FutureCIO. Joining us to share his perspective on the topic is Andrew Seow, Regional General Manager, South East Asia and Greater China, Rimini Street.

1. Looking back, have these personas worked well together in the past? Why or why not?

2. What is the secret to getting the two personas, each with its own strengths, weaknesses and priorities, working together effectively?

3. Not all IT projects, including digital transformation, are guaranteed to work the first time every time. How should each leader approach these projects to minimise failures when such becomes inevitable?

4. If there is a clash, how should the two roles approach the differences to come out with a solution that is mutually beneficial for the two roles and the company as a whole?

5. Who is the best intermediary when faced with an escalating clash of personas?

6. Can you list three actions critical to achieving a strong, and lasting, CFO-CIO partnership?

7. What is your expectations for 2025?