Businesses around the world are more dependent on their Chief Financial Officers (CFOs) today, as they were before the 2007-08 recessive wave. Once used to care about financial results only, CFOs are now accountable for regulatory compliance, governance, investor relations, and the overall company performance.
Strong alignment with CEOs and the other board members is therefore fundamental to succeed in this complex, thorny role. According to an EY survey, more than 60% of global CFOs has daily conversations with CEOs, and about 50% would leave the company, if not trusting the CEO.
The skill set of CFOs has profoundly changed over time, and IT has become a strategic tool to fulfil all standard and emerging duties. Some business applications are thus needed to support CFOs and their teams, while data and workflows need to be constantly integrated and updated to allow a close monitoring of processes, performance and possible issues.
What if IT services should experience a failure or a notable break-down? Disruption of business processes might be significant, also generating losses. Our new solution Business Service Management by KRIU (BSM BY KRIU) provides CFOs and C-level managers an easy-to-use software dashboard to assess the business impact of any IT event, transforming data into actionable insights to make evidence-based decisions. It represents a smart, dynamic method for linking key IT services and resources to business goals, prioritising activities and investments.
BSM by KRIU allows CFOs and executives to estimate the impact of relevant events on corporate assets, lines of business, processes and operations, and correlate data from different sources to get accurate, comprehensive information.
Want to learn more about KRIU’s innovative and reliable business impact calculator? Join us at Gartner Symposium/ITxpo 2018, taking place in Barcelona (Spain) on November 4-8, 2018. We’ll introduce BSM by KRIU and present our full portfolio of software solutions for IT service management, business continuity and crisis management, and more.
Photo credit: Designed by Jannoon028 / Freepik