Collaborating for a better financial reporting infrastructure

I’ve wanted to elaborate on this post by Andrew Wiles for a while but it appears this isn’t going to happen anytime soon so I’ll simple refer you to it. Andrew analyzes some of the reasons why financial reporting (and MIS reporting in general) should be handled separately from mainstream IT, and goes on to discuss how responsibilities can be assigned accordingly. Chances are, if you’re reading this, you can relate to the situation described in his article:

  • Financial reporting is reactive and requires dedicated, in-house, resource who can respond without delay.
  • IT departments are project driven with formal procedures to allocating resource during project conception and manage change after implementation.

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