Your chief financial officer (CFO) is in charge of financial planning, ensuring that money is always going where it’s needed the most. They use what they know about the company to accurately divvy up funding to each department.
For certain sections of your business, like sales and human resources, it’s easy to see how costs are being managed. However, that’s not the case for IT. A CFO may not completely understand how support costs are determined. Before they give your IT team the funding it needs, your CFO is going to want to know how the money will be spent.
If you want your IT to have the funding it deserves, it’s necessary to get the CFO on your side. This can be accomplished by clearly explaining your IT spending in a way the CFO understands. If you want to increase the budget, you’re going to have to find a good justification.