{"id":1391,"date":"2019-08-07T13:00:26","date_gmt":"2019-08-07T20:00:26","guid":{"rendered":"https:\/\/addison.lwh.dev\/insights\/cfo-cio-collaboration-benefits-business\/"},"modified":"2019-08-07T13:00:26","modified_gmt":"2019-08-07T20:00:26","slug":"cfo-cio-collaboration-benefits-business","status":"publish","type":"post","link":"https:\/\/addisongroup.com\/insights\/cfo-cio-collaboration-benefits-business\/","title":{"rendered":"How CFO and CIO Collaboration Benefits Business"},"content":{"rendered":"\n<p>In today\u2019s technologically infused workplace, it comes of no surprise that CFO and CIO collaboration is happening more often. This collaboration is yielding great results for businesses, and it is time that more people knew about it. Here are a few positive impacts that CFO and CIO collaboration is having on the work environment. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Management of IT Risks<\/h3>\n\n\n\n<p>CFOs can finally see a\nclear understanding of why it&#8217;s important to invest in IT project planning that\nreduces the risk of breaches. Not to mention, CIOs are more capable of handling\nthe required mandates associated with IT security risks. This layered approach\nensures that IT risks are lower, and companies have more protection because\nmore eyes are focused on the issues. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Access to Big Data Insights <\/h3>\n\n\n\n<p>CIOs are responsible for\nevaluating which types of business intelligence will benefit the company the\nmost as well as hiring the right people to work and manage those programs.\nHowever, it is the CFO that will determine which programs are the wisest\ninvestment that will yield the best turn around for the company as far as time\nand money go. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Stronger Partnership with Internal Audits<\/h3>\n\n\n\n<p>To make more strategic\nand cost-effective decisions, CFOs and CIOs can merge their discussions about\ninternal audits. This allows both sides to work together to create the best\nplans moving forward while staying abreast of the latest IT risks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Effective CFO and CIO Collaboration<\/h3>\n\n\n\n<p>While the collaboration between a CFO and CIO is certainly a good thing, it doesn\u2019t come without some challenge. Streamline the process of working together by:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Try to speak the same language by dropping\njargon and acronyms that the other may not know or use.<\/li><li>Communicate effectively about what your overall\ngoals and challenges may be.<\/li><li>Encourage each other to look at the issues from\na bird\u2019s eye view so that you can determine how each decision will impact the\ncompany as a whole<\/li><li>Work with others who can help give both sides\nfeedback about strengths and weaknesses and how to improve the collaboration\noverall.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/dlcinc.com\/cross-department-collaboration\/\">Click here<\/a> to learn more about Improving Cross-Department Collaboration <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s technologically infused workplace, it comes of no surprise that CFO and CIO collaboration is happening more often. This<\/p>\n","protected":false},"author":9,"featured_media":584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"post_function":[],"post_audience":[],"class_list":{"0":"post-1391","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-article"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How CFO and CIO Collaboration Benefits Business - Addison Group<\/title>\n<meta name=\"description\" content=\"In today\u2019s technologically infused workplace, it comes of no surprise that CFO and CIO collaboration is happening more often.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/addisongroup.com\/insights\/cfo-cio-collaboration-benefits-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How CFO and CIO Collaboration Benefits Business - 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