The hidden IT drain
Outdated finance systems consume 40% of IT resources, stalling strategic initiatives. CIOs who modernize finance free up 85% of IT capacity, while others stay trapped in maintenance mode.
The IT-finance problem
Finance inefficiencies don’t just slow down accounting—they create technical debt, increase security risks, and overload IT teams:
- 60% of downtime stems from poor finance system integration
- Manual finance workflows generate 23-38% of IT support tickets
- Maintaining legacy finance systems costs 15-20% more than modern solutions
Why IT keeps losing the finance battle
CIOs push for finance automation to reduce technical debt, but CFOs hesitate due to budget fears. Meanwhile, companies with aligned IT and finance teams deploy resources more efficiently and outpace competitors.
The cost of ignoring finance’s IT impact
|
Finance process problem |
IT impact |
Business consequence |
|
Manual data entry |
Data inconsistency, high error rates |
Slower decision-making |
|
Non-AI invoice processing |
Performance bottlenecks |
Higher infrastructure costs |
|
Manual reconciliations |
IT support overload |
Talent stuck in maintenance |
|
Fragmented finance tools |
API sprawl, security risks |
Limited data visibility |
Autonomous Finance: The IT playbook
The solution isn’t another patchwork integration. It’s autonomous finance—AI-driven, fully integrated, and low-maintenance. CIOs who modernize finance report 85% fewer API maintenance issues and stronger security.
The CIO action plan
- Measure the IT burden: Track finance-related support tickets, security incidents, and engineering hours wasted on finance workflows.
- Prioritize integration, not just automation: Choose AI-powered platforms that connect seamlessly with your ERP.
- Set shared KPIs with your CFO: Define metrics that capture IT gains—support ticket reductions, security improvements, and freed-up engineering capacity.
CIOs who fail to modernize finance will have 30-45% less budget for innovation by 2026. Every quarter spent maintaining outdated finance systems widens the gap. OpenEnvoy eliminates finance-driven IT burdens, reducing support tickets by 85% and freeing engineers for strategic work. Stop maintaining finance inefficiencies—start accelerating innovation.
