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i prolonged economic downturn, there is no doubt that, it budgets will be even tighter with strangulation. as cio of you, and now it is time to personally check the time and participation.

in the it budget, submitted to the cfo before, cio not only more timberland boots sale in-depth examination, we must start from scratch involved in corporate financial decision-making. the early 1990s, ibm’s semiconductor division cfo bart snell, said: “cio in addition to past experience with outside law, but also must recognize that rules of the game has changed and will change the future for more.” snell and other cfo and share with you how to simultaneously achieve these two objectives.

snell said that “for the it budget, cio should scrutinize such as network bandwidth, internet, telephone, and the timberland boots sale core requirements such as human resources and, through how to reduce the cheap timberlands boots excess server capacity, to review supplier contracts, and re-thinking software licensing fees, etc. channels, orderly and gradual manner with minimal investment to manage these core needs. ”

timberland’s cfo john crimmins suggested cio, should first invest in it projects back to the present time within a year, and then consider these items presented to cfo. snell agrees with this view and added: “cio must be more focus on return on investment (roi), and the choice should be the full implementation of those projects, those who want to stay.” crimmins also recommended attention to the hardware-out schedule, timberland’s it department has had several a “by extending the useful life of the system or equipment to save costs” examples. crimmins said: “the re-examination of these lines for years of practices and assumptions of the business is for the good.”

a former cfo, and now archer technologies as a product manager david walter said: “cfo for the it budget, unable to grasp one of the reasons lies in the economic situation is often a good cio will be ‘collected’ some specific, special function gadgets . “he goes on to say:” now is not have too much, but did not make the best use of it tools has been the time has come to integrate these tools are important task of the cio; saving money is important, but the company still needs to have the right technology to to achieve business goals. “hsbc, he recently completed a project, cio and cfo work together on this project, the five financial and auditing tools are integrated into a tool in addition to cost savings, but also to enhance the communication between departments.

snell said: “cio must be involved in corporate financial decision-making, and to propose how to use technology to promote the idea of change.” he said: “this is a challenge to it colleagues the best time for creativity.”, for example, and ask them to join the finance department involved in the project, such as handling customer payments. he said: “assist the company’s cash injection is very important, cio must be able to ensure that the matter in the most efficient manner.”

crimmins said: “it can also help customers more easily and your company to do business.” in timberland, it for the wholesalers to help streamline the online ordering process to use to make crimmins can more easily track the performance of income. he said: “cfo wants to hear to help customers experience the product and cost improvement measures.”

crimmins said: “cfo and the cio must always remember that, in the implementation of corporate strategy and management of financial performance, to achieve a proper balance between. without the investment in important projects investment, when the economic rejuvenation, you will pay the price.”