Upgrades Coming Soon

UPGRADES COMING SOON

When CFOs expect their next financial system upgrade*:

33% Within one year

43% One to two years

16% Three to four years

2% Five years

7% Not planning to upgrade within five years

Why CFOs plan to upgrade their system**:

62% Optimize performance

52% Access the newest features and offerings

50% Enhance security

43% Make it easier for employees to use

37% Reduce or eliminate reliance on legacy systems

1% Other

6 Steps for a Successful Financial System Upgrade

#1 Conduct a pre-process analysis of business objectives and needs

#2 Secure executive buy-in and support

#3 Identify the project team, including outside experts needed

#4 Facilitate a collaboration between finance, IT and other affected functions

#5 Conduct a thorough change management program

#6 Provide training to employees

Source: Robert Half survey of more than 1,100 CFOs in the United States

*Responses do not total 100 percent due to rounding.

**Multiple responses allowed.