Hackett: Business Finance, ''Careful With That (IT) Axe, CFO!''
08 February 2008 - 4:53AM
Business Wire
Judicious investments in the right initiatives and technologies can
help turn a run-of-the-mill IT department into a world-class
operation -- and finance can reap the benefits. Given the
discussions in recent years about the supposed strategic
irrelevance of IT and the "commoditization" of IT resources, it's
perhaps no wonder that the function has been a primary target for
companies' cost-containment efforts. IT departments are certainly
feeling the pinch; 42 percent of IT managers feel that their
organization spends too little on their function, according to a
May survey by Managed Objects, up from 31 percent in a comparable
study by the business service management firm last year. New
research from The Hackett Group suggests that it's a mistake to
assume that when it comes to IT, less is more. Organizations that
Hackett defines as "world-class" -- those that achieve peak
efficiency and effectiveness in the strategic advisory firm's IT
benchmark studies -- spend 7 percent more on IT operations than
typical companies do. Click Here to Link to Full Text of Article or
visit the following URL:
http://www.businessfinancemag.com/magazine/archives/article.html
?articleID=14839 (Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.) About The Hackett Group The Hackett
Group (NASDAQ: HCKT), a global strategic advisory firm, is a leader
in best practice advisory, benchmarking, and transformation
consulting services, including shared services, offshoring and
outsourcing advice. Utilizing best practices and implementation
insights from more than 4,000 benchmarking engagements, executives
use Hackett's empirically based approach to quickly define and
prioritize initiatives to enable world-class performance. Through
its REL brand, Hackett offers working capital solutions focused on
delivering significant cash flow improvements. Through its Hackett
Technology Solutions group, Hackett offers business application
consulting services that helps maximize returns on IT investments.
Hackett has worked with 2,700 major corporations and government
agencies, including 97% of the Dow Jones Industrials, 73% of the
Fortune 100, 73% of the DAX 30 and 45% of the FTSE 100. Founded in
1991, The Hackett Group was acquired by Answerthink, which was
renamed The Hackett Group in 2008. The Hackett Group has global
offices in the United States, Europe and India. More information on
The Hackett Group is available: by phone at (770) 225-7300; by
e-mail at info@thehackettgroup.com; or on the Web at
www.thehackettgroup.com.
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