committees: finance & IT

The Committee on Finance & Information Technology (CFIT) addresses the needs and interests of financial executives as strategic leaders, as they strive to realize measurable and sustainable performance improvements while maintaining financial control. These needs and interests include the development and application of information technology, systems, and other methodologies affecting the management of business functions, such as business performance management (BPM) and shared services, through research, surveys, advocacy, conference content, and newsletters. CFIT's priorities will be driven by key trends in information technology as identified by the Committee.

As a national technical committee of Financial Executives International, CFIT monitors information, trends, and developments as:

• A member of senior management who uses information for performance analysis and decision support;
• The provider and auditor of controls and security for reliability of information; and
• The administrator responsible for providing, processing, and disseminating information.

In addition, CFIT is authorized to formulate FEI position statements on matters relating to information technology in finance, and to communicate those positions to other organizations, government agencies, standard setting bodies, and the academic community.

Objectives:
• Provide oversight to the development of programs and services targeted to meet the strategic needs of FEI members;
• Provide articles to Financial Executive magazine and other FEI publications; and
• Provide information technology content for FEI conferences through active participation on the conference committees for FEI's Annual Summit, Current Financial Reporting Issues Conference (CFRI), and other professional development programs.

Key Committee Members:
• Chair - Taylor Hawes, Controller, Global Platforms & Operations, Microsoft Corporation
• Co-Vice Chairman William Overell, President, Overell Solutions
• Co-Vice Chairman David Pleasance, Partner, Deloitte Consulting
• Co-Vice Chairman Earl Schell, President, A/R Advisory Services
• Co-Vice Chairman Robert Shultz, Vice President of Internal Audit, Hewlett-Packard Company
• Co-Vice ChairmanMargaret Yocher, Program Management Liaison-Finance/IT, UTC