Toronto, ON (PRWEB) June 23, 2008
Finance has come to play a key role in IT management over the past few years. In fact, more CIOs now report to CFOs than at any time in the past two decades. Reporting relationships aside, as companies struggle to make wise IT investment decisions, companies increasingly look to finance for guidance, but finance is often unable to provide the insights into corporate IT decisions that companies want. Calculating the ROI of a given technology option is not easy, but it doesn't have to be difficult.
PROPHIX Software, a leading provider of financial business intelligence and performance management solutions specializing in forecasting, corporate budgeting, strategic planning, consolidation, financial analysis and scorecarding, is pleased to be sponsoring the CFO.com Editorial Webcast entitled "ROI And Beyond: How To Manage IT For Maximum Advantage" on June 24, 2008 at 2pm ET. In this live, interactive webcast, experts will educate as to how to approach ROI the right way, by establishing some key ground rules, defining terms, and understanding the intricacies of ROI calculations.
Webcast attendees will also learn how to properly gather all costs associated with a project, how to quantify direct and indirect benefits, and how to determine the true payback period. They will discover the benefits of determining an average annual figure versus an ROI figure for the life of the project while gaining confidence in their ability to understand which aspects of an IT project demand the most attention from finance, and where most analysis often goes awry.
In addition, experts will provide several case studies that put this information into a real-world context, and discuss key mistakes to avoid on major IT initiatives, such as ERP and CRM. They'll also take a look at which emerging technologies bear watching, how e-commerce strategies are evolving, and how business intelligence (BI) and analytics are helping companies harness the true power of IT.
Those interested in attending this live webcast may register now at http://www.cfo.com/members/index.cfm/myinfo?action=webreg&webcast_id=11400801.
About PROPHIX Software
PROPHIX Software is a leader in delivering performance management solutions including budgeting, planning, forecasting, reporting, consolidation, personnel planning and other advanced financial functions. PROPHIX Software maintains an outstanding reputation with its customers by consistently delivering tangible value and exceptional ROI, with a lower total cost of ownership. For more information, visit http://www.prophix.com.