In college, my French professor often said, the only way you're going to truly learn this language is if you go and live in a French-speaking country. The same may seem to apply to communication between finance and IT. In college, my French professor often said, the only way you’re going to truly learn this language is if you go and live in a French-speaking country. The same may seem to apply to communication between finance and IT.Too often, IT teams are summoned to a finance meeting to lay out their plans for supporting new business projects and eyes glaze over. There is little patience among finance and other business lines for the mechanics of it all and, therefore, discussions shut down. The problem is that with that breaking of talks inevitably comes a finished product that does not reflect the true requirements of the finance team. For instance, a data visualization application might lack essential modeling capabilities or a report might miss critical hooks to databases throughout the organization. Going back to the drawing board to include these pieces results in delays that could have been avoided if finance had a working knowledge of IT’s language and IT better understood how to present to finance.Now, most finance teams don’t have the time to “go live” with IT long enough to fully learn the language, but there are things you as the CFO can do to foster a better dialogue. A close friend of mine, Harvard Business School Professor Linda A. Hill, recently co-authored a book “Being the Boss” with Kent Lineback (in the spirit of disclosure, I’m mentioned in the “Acknowledgements”) that offers guidelines for evolving into a successful manager.In addition to managing yourself and managing your network, Hill and Lineback consider a key ingredient to being the best leader possible is to manage your team. They emphasize the power of communication and encourage leaders to define the future of their team as a whole. This requires teams — with you as the driving force — to set common and collaborative goals. What would likely emerge from such planning is an awareness of a communication gap between finance and IT. From there, you could take time to determine what knowledge needs to be shared for comprehension to improve. A frank discussion sends a clear message to each team about what information is essential to decision making. For instance, talking line-by-line about code might not be appropriate, but addressing the drop-down menus or query options would be. Realizing each other’s level of understanding before you get into the stress of project cycles saves wear and tear on the team and will eventually help bring new applications into production faster.Note: “Being the Boss” was selected by CIO Magazine as part of this month’s “What We’re Reading.” Related content news UK government plans 2,500 new tech recruits by 2025 with focus on cybersecurity New apprenticeships and talent programmes will support recruitment for in-demand roles such as cybersecurity technologists and software developers By Michael Hill Sep 29, 2023 4 mins Education Industry Education Industry Education Industry news UK data regulator orders end to spreadsheet FOI requests after serious data breaches The Information Commissioner’s Office says alternative approaches should be used to publish freedom of information data to mitigate risks to personal information By Michael Hill Sep 29, 2023 3 mins Government Cybercrime Data and Information Security feature Cybersecurity startups to watch for in 2023 These startups are jumping in where most established security vendors have yet to go. By CSO Staff Sep 29, 2023 19 mins CSO and CISO Security news analysis Companies are already feeling the pressure from upcoming US SEC cyber rules New Securities and Exchange Commission cyber incident reporting rules don't kick in until December, but experts say they highlight the need for greater collaboration between CISOs and the C-suite By Cynthia Brumfield Sep 28, 2023 6 mins Regulation Data Breach Financial Services Industry Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe