With many companies putting off their much needed IT upgrades over the last few years due to the recession, it’s no surprise that a recent poll showed a large percentage of CFO’s looking to spend their recovery money in that area. A poll by Robert Half Management Resources surveyed 1,400 CFO’s and 40% of them said they were likely to invest in IT once the economy stabilizes.

An interesting note is that while putting off investing in IT may seem like a good idea up front, many can save money and improve several operational processes – putting them at a greater advantage in this economy. Paul McDonald, Executive Director of Robert Half Management stated, “While finance executives may remain cautious about making bold new expenditures, updating their IT systems can help improve risk management, increase operational efficiencies and regulatory compliance.” Ultimately, the big picture should be considered when looking at current and future business investments.

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