With an abundance of technology options available for today’s CFOs, the decision making process can be a challenging one. So, what is the best approach to finding the right fit? On October 19, our Houston chapter addressed this issue with a program on The Risks, Rewards, And ROI Of Technology Investments.
- Develop a detailed overall plan, focusing on communication, resources, hardware, training, and contingency, as well as what can go wrong and how to fix it.
- As you pitch new technology, concentrate on cost, implementation, plan of attack, and what your competition is doing.
- When outsourcing IT, be sure to be very familiar with your prospective vendors so that you are clear on what you are getting and make sure that you’re not a vendor’s largest client.
- Successful implementation involves realistic timelines, buy-ins from everyone, solid communication, effective conversion procedures, and strong sales support.
- Understand what you have in inventory before making a quick decision.
Always ask yourself the following questions about new technology:
- What is the impact of local to global?
- Can it be scaled to tomorrow’s needs?
- Can you really afford it?
- Does it give everyone what they want?
Do you already have something that can be built on at a lower cost?
For information about the Houston CFO Leadership Council, take a look at our chapter page or contact Erin Gardner, Marketing Director, at [email protected] or Jeanene Orlando, Southwest Regional Director, at [email protected].