This is the third in a series of blog posts on what CEOs (and for that matter, all senior corporate executives) need to know about IT and its impact on running a business. The first covered the high-level issues. As I noted, it’s not necessary for a CEO to be able to write Java code or master the intricacies of an ERP or sales compensation application. However, CEOs must grasp the basics of IT just as they must understand basic corporate finance, the production process and – at least at a high level – the technologies that support that process. My second post was about four supporting technologies that will drive change in business computing over the next five years. It relates examples of how applications can help every part of a business operate more effectively, not just efficiently. Now let’s turn our attention to finance and sales – and as I’ve noted in the previous posts, what follows is an “elevator pitch” treatment of what could be a much longer discussion.
Topics: Analytics, Budgeting, Business Analytics, Business Performance Management (BPM), CEO, CFO, close, closing, Customer, Customer Performance Management (CPM), Financial Performance Management (FPM), FPM, Information Management (IM), Operational Performance Management (OPM), Planning, Predictive Analytics, PRO, Profitability, Sales, Sales Performance Management (SPM), SPM, Office of Finance, Human Capital Management