The Board’s Role in Purchasing and Monitoring Business Systems

Choosing the ‘right’ system to manage and monitor core business functions can be difficult and costly to organisations. Boards are becoming increasingly aware of the need to purchase systems that not only match core business functions and strategic direction, but also reduce administrative inefficiencies and increase productivity. But what other key questions should Boards be asking their CEO or other executive managers when purchasing and monitoring business applications? 1. Benefits realisation and return on investment?