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Importance of Finance and IT Working Together

The critical need for Finance and IT Leaders to partner for success in the new world of work  

As businesses face the post-pandemic era, they are grappling with big changes to their operations and processes, while strategising for future success. Finance and IT leaders are uniquely positioned to work together to help their organisations build the infrastructure needed to succeed in an ever-more connected world. According to recent Oxford Economics research, this is the great opportunity and challenge facing IT and finance executives today. 

View the infographic to get an overview of the research findings from a recent survey Oxford Economics and the SAP Concur business unit of SAP conducted with 500 finance and IT leaders at companies with fewer than 1,000 employees. Their research, which spanned seven countries including Australia, uncovered key takeaways for both IT and finance leaders such as: 

  • 47% of survey respondents agree the pandemic’s effects highlighted inefficient business processes 

  • 53% of survey respondents agree the pace of digital transformation at their organisation is speeding up 

  • Only about 1/3 of finance executives say they have a unified strategy with IT to support business expansion 

View the full infographic, Finance and IT Working Together—The Critical Need to Partner for Success in the New World of Work to get an overview of the global research findings as well as results from their analysis of IT and finance leaders from Australia. 

About Oxford Economics

Oxford Economics is a leader in global forecasting and quantitative analysis. Our worldwide client base comprises more than 1,500 international corporations, financial institutions, government organizations, and universities. Headquartered in Oxford, with offices around the world, we employ 400 staff, including 250 economists and analysts. Our best-in-class global economic and industry models and analytical tools give us an unmatched ability to forecast external market trends and assess their economic, social and business impact.