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Workday and Deloitte survey finds CIO-CFO collaboration fuels business transformation

Workday and Deloitte survey finds CIO-CFO collaboration fuels business transformation

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Workday, a leader in enterprise cloud applications for finance and human resources, and Deloitte Global, have announced the results of their joint global survey exploring how digital acceleration – prompted by the pandemic – has influenced the thinking of Chief Information Officers (CIOs) worldwide. 

The research finds that CIOs are helping to lead finance transformation and shifting strategies to meet evolving business and technology demands, with 70% of CIOs surveyed having accelerated their finance transformation strategies by at least a year.

The report, A More Effective CIO-CFO Partnership, is based on a survey of more than 600 executives worldwide. Findings reveal that individuals referred to as ‘Progressive CIOs – which represent just 8% of the total sample – take a specific approach to enterprise finance transformation and behave differently than their peers with regard to mindset, collaboration and technology strategy.  

CIOs and IT leaders are facing increased pressures to adapt and accelerate their digital strategies – without disrupting critical business operations. As a result, Progressive CIOs have built strategic alliances across their organisations, with 90% of Progressive CIOs reporting that their IT departments are much more integrated into other areas of the business than they were 12 months ago.

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