General, Information Technology, IT Spending, IT Strategy
Most CEO’s and CFO’s of companies of all sizes would say that IT expenses are too high and they are not convinced that they receive value for what they spend. CIO’s today spend a significant amount of time focusing on reducing costs and...
Information Technology, Information Technology Strategy, IT in M&A Transaction, M&A transaction
This is the fourth in the series on Understanding the Strategic Value of IT in M&A based on the McKinsey & Co article of the same name by Hugo Sarrazin and Andy West. The topic for this post is ‘Creating the IT transition and merger plan’. Most of...
Business Process, ERP Selection, ERP systems, Information Technology
I have posted before about some of the issues involved when selecting an ERP system and the importance of implementing the correct ERP system. Friday, I was having coffee with my friend, Steve Ragow, who was the CFO of an automotive...
Business Process, General, Information Technology, Lean Accounting, Lean Business, Offshoring, Outsourcing
Outsourcing is seen as one of the best and quickest ways to reduce cost. The popular thought is that you outsource non-core business functions to companies and locations that can do it cheaper than your team can if it is kept in-house. While I agree that...
Business Process, Corporate Turnaround, General, Information Technology
There are always a certain amount of corporations that have found themselves in a situation of negative profitability and/or declining sales. If these cases are prolonged they are in need of a fundamental business change and infusion of cash in order to...
Finance Department, Information Technology, Information Technology Strategy, IT Roadmap, IT Strategy
At some point you have probably heard the quote, ‘If you fail to plan you are planning to fail’. And with that individuals create goals and plans for their careers, life, vacations and companies create corporate strategies, annual plans and budgets...