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Finance Market Narratives CFO’s Cost Visibility Priorities & Challenges Feb 28, 2025 Australian organisations are facing a worsening technology cost crisis, with visibility into IT spend declining sharply and value realisation proving elusive. Request to Download

Australian organisations are facing a worsening technology cost crisis, with visibility into IT spend declining sharply and value realisation proving elusive. Poor IT-finance collaboration, architectural inefficiencies, and legacy cost blind spots are compounding the issue, leading to significant financial waste. To regain control, organisations must prioritise improved governance, cost-value alignment, and adoption-driven strategies.

 

Core Insights:

The growing visibility paradox: Tracking spend but losing financial control

  • Tech cost visibility has dropped from 73% to 51% in two years, with only 20% of organisations effectively measuring value realisation.
  • Course correction capabilities are at a critical low (16%), indicating a systemic failure in financial oversight and decision-making.

Cloud cost management challenges: Hidden costs and financial inefficiencies

  • 52% of organisations report significant architectural cost overruns, leading to unpredictable cloud expenses.
  • Legacy cost blind spots (44%) and poor chargeback mechanisms (32%) are preventing organisations from effectively managing and allocating cloud spend.
    • …

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