IT makes up a large chunk of most companies' budgets, but often CFOs lack insight as to where that money goes or whether investments are effective. Following IT best practices can help overcome that gap, according to Martha Heller at CFO.com.

The first step, Heller suggests, is ensuring you have a corporate strategy. Then you can design your IT investment strategy around serving your business's priorities. 

Next, put in place implementation reviews. Did your last IT investment live up to its business case?

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