News & Events

Is your CFO not convinced about your IT investment?

One of the most critical stakeholders in any major IT investment, such as Oracle database upgrades, is the CFO. What does it take to convince him/her that the technology decisions you make are essential for the company’s success?

Here’s our top tips from our very own Finance Director – Tuhel Alom …

Demonstrate the value and alignment of IT initiative with the overall strategy. Lack of alignment is probably one of the most popular reason why IT investment is rejected or delayed . Your CFO will be completely aligned to the corporate strategy so if your investment fits with that strategy, then you may find the CFO will become your champion and in fact help you move the initiative forward.

Demonstrate the cost impact of not investing today. For example, if you are proposing a Microsoft SQL Server upgrade, then what will be the impact on the business’s finances if you don’t upgrade? The reality is, if you can’t connect your IT investments to bottom line it’s just not going to be relevant for the Finance team. This does not mean you use scare tactics e.g, the business will stop running if you don’t invest. Approach your pitch in a slightly less dramatic fashion and simply highlight the risks and benefits.

If your FD/CFO does not think the investment is a priority then he/she probably isn’t getting the full story – or sadly speaking, the investment may genuinely not be a priority.

On all occasions, get a robust proposal together so he/she can become the champion for your vision and help you incorporate it into the top level company strategy.

Next week we will provide some tips on how to put a proposal together for your CFO.

Get in touch

For more information or to schedule a demo please contact us

Contact us

News

dsp winners at the UK Oracle User Group Awards 2017/18

dsp attended the UK Oracle User Group Partner of the Year Awards last week, and we came away with awards for both categories in which we were nominated

Read more
View All

Event

"Self Managing Databases: Fable, Fantasy or the Future"

Join us for lunch and to hear some war stories from staff and customers with experience of Oracle Database Cloud Service. We'll also understand more about the Autonomous Database and how Oracle will compete with AWS.

Read more
View All

Blog

Exploring OOW London Delegate Questions: “What happens when they raise the prices?”

I’ve seen this question raised about all Cloud providers: you migrate and then WHAM they hike the prices and there isn’t anything you can do about it. We seem to be living in a state of fear!

Read more
View All