Are CFOs Up to Technology Task?
April 27, 2006 from AccountingWEB.com - "Younger accountants, the ones in their 20s and early 30s, seem to be entirely comfortable with using computers and expect to use computers in their work. The older ones, say in their 50s and up, went to school at a time when personal computers were just not around. Unless [the latter] make a special effort to learn how to use them, they are not necessarily comfortable with them,” Canadian-based technology consultant and writer Richard Morochove says in a recent report on the technology services industry portal E-Channel Line, echannelline.com.
Morochove, who has been a featured speaker at accounting software conferences held in the United States in recent years, says he has noticed that when accountants reach senior positions they tend to feel that they do not need to use information technology and applications. He has observed that some CFOs mistakenly take the position of "'let my assistants do the number crunching and I will review their findings.'”
180 View - We think that many CFO's would strongly disagree with Morochove. We also disagree that CFO's need to do the number crunching. But CFO's are missing big opportunities by not embracing some of the technologies available. For example, Online Analytical Processing (OLAP) would give a CFO instant access to information across multiple dimensions with graphical representation at the press of a key or drill down to more detail. Why wait for someone to retrieve information only to find out that more information is required leading to more delay? As well, electronic dashboards are now very popular in accounting and ERP systems and can provide vital information/KPI's in real time as well as drill down to more information.
April 27, 2006 from AccountingWEB.com - "Younger accountants, the ones in their 20s and early 30s, seem to be entirely comfortable with using computers and expect to use computers in their work. The older ones, say in their 50s and up, went to school at a time when personal computers were just not around. Unless [the latter] make a special effort to learn how to use them, they are not necessarily comfortable with them,” Canadian-based technology consultant and writer Richard Morochove says in a recent report on the technology services industry portal E-Channel Line, echannelline.com.
Morochove, who has been a featured speaker at accounting software conferences held in the United States in recent years, says he has noticed that when accountants reach senior positions they tend to feel that they do not need to use information technology and applications. He has observed that some CFOs mistakenly take the position of "'let my assistants do the number crunching and I will review their findings.'”
180 View - We think that many CFO's would strongly disagree with Morochove. We also disagree that CFO's need to do the number crunching. But CFO's are missing big opportunities by not embracing some of the technologies available. For example, Online Analytical Processing (OLAP) would give a CFO instant access to information across multiple dimensions with graphical representation at the press of a key or drill down to more detail. Why wait for someone to retrieve information only to find out that more information is required leading to more delay? As well, electronic dashboards are now very popular in accounting and ERP systems and can provide vital information/KPI's in real time as well as drill down to more information.
posted by 180 Systems at 1:27 PM 
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