There are multiple ways organizations keep pace with the constant changes in the digital landscape, but your chief technology officer is a crucial asset for maintaining agility in such an ever-evolving environment. Today, the CTO's role extends beyond just addressing technological needs; they collaborate closely with the CFO to drive strategic initiatives.
Recently, “The CFO Show” co-hosts Melissa Howatson and Tom Seegmiller sat down with WellSky Chief Technology Officer Joel Dolisy. Throughout their chat, they discussed what a successful CTO-CFO partnership looks like, highlighting the critical relationship between finance and technology. They touched on the various tensions, successful partnerships, and strategic collaborations needed for these functions to smoothly intersect. Joel emphasized the importance of ongoing communication and strategic investments, illustrating how alignment between finance and technology can drive growth and improve business outcomes.
During the interview, Joel and the hosts discussed:
- Insights into a CTO’s role and the different areas they manage
- Unique dynamics within an organization — not only between the CTO and the finance team, but other teams across all areas
- Different tensions that CTOs and finance departments encounter
- Examples of successful collaborations between the finance department and the Office of the CTO
“The CTO and CFO are partners on the executive team. The partnership goes both ways. In order to have a partnership that is successful, you need to give, and you need to receive also,” said Joel. “It’s critical at the leadership level to have an open channel of communication between the two teams.”
The full interview can be found here.
