The outbreak of COVID-19 — a novel coronavirus — has affected individuals and businesses worldwide. Some of those effects have been unprecedented, including the blows dealt to financial markets and companies of all sizes.
Earlier this year, the Sipi Asset Recovery team attended Data Center World (DCW) in Phoenix, AZ. DCW is the leading conference for data center professionals — and while there — we met personally with many of those who attended. What we noticed were some crystal clear, recurring trends when it comes to the challenges data centers are facing.
Chief Financial Officer. It’s a heady title, and we know the responsibility it carries. CFOs are responsible for managing the company’s finances from top to bottom, in fact. However, the role has been evolving in recent years — making the connection between finance and IT stronger than ever.
The role of today’s CFO
Traditionally, Chief Financial Officers have been responsible for a wide range of tasks including financial planning, managing financial risk, benchmarking and forecasting, managing growth, and providing records and reports for the organization. While these core aspects are still in place, CFOs today are thought of as much more than simply the keyholder to the company’s coffers!
As an IT Asset Manager, you’re fully engaged with boots on the ground. If it’s got an asset tag or a license, chances are you’re responsible for it. Not just in terms of managing the asset from acquisition to disposal, but also forming long term strategies and working across departments. Your role is also becoming more demanding than ever before.