CIOs, CFOs Clash Over Tech ROI, Innovation Budgets
CIODIVE, Wednesday, March 19th, 2025
More CFOs describe tech spending as 'excessive' than CIOs, one sign of friction between technology and finance leaders.
CFOs and CIOs differ on how aggressively they think their businesses should invest in technology, one of several points of contention between finance and tech chiefs, according to KPMG data released Wednesday. The company surveyed more than 100 CFOs, CIOs and employees for the report.
Nearly one-third of finance chiefs say technology innovation spending is excessive, compared to just 16% of CIOs. Nearly 1 in 3 CIOs say tech budgets are currently insufficient, while just 12% of CFOs say the same.
CIOs flagged the assessment of tech ROI as the top point of contention between finance and IT, according to the survey. CFOs identified understanding tech tool capabilities as the top issue with their counterparts in IT.