This report, "CFOs on Managing Finance Technology: Systems-Related Challenges (and How Companies Address Them)," published by CFO Publishing LLC, examines the challenges that companies face in managing their finance technology systems and the strategies they use to address these challenges. The report was developed in collaboration with Workday and funded by Workday. The research consisted of an electronic survey and nine in-depth interviews with senior finance executives at U.S. companies. The report covers topics such as keeping systems up-to-date, fighting systems fragmentation, matching systems to company structure, and dealing with end-of-support. It also discusses the challenges companies face in replacing their finance systems and the strategies they use to plan and manage these changes. The report concludes by exploring new frontiers for finance technology, including the use of cloud-based systems and the debate between upgrade and update models.
