FS Increases IT Spend Despite Volatile Economy

(ComputerWeekly, 12 October 2011)

In Brief: Software and services suppliers for the financial services industry experienced a 10% increase in sales over the past year despite volatile market conditions.

Our View: Investments in emerging economies and overhauls of performance management processes are pushing many of the companies in our network to increase their finance technology investments; however, only 24% of the controllers we recently asked believe they are realizing positive returns. We advise companies to get more value out of finance IT by upholding data standards, aligning IT investments with real business needs, and focusing on end-user adoption.