It spending hike ...

• Position: Technology spending - Brief Article

For many companies, 2003 will likely see a big increase in technology spending to update older, or legacy, financial systems. The updates are needed if companies are to meet the stricter financial reporting rules and shorter deadlines imposed by the Sarbanes-Oxley Act of 2002. A recent survey found that:

* 45% of all systems are legacy systems

* 59% of finance departments are still supported by legacy systems

* Almost 1/3 of IT...