It is incumbent on Accountants, CFO’s and CIO’s to rid themselves of redundant and volatile technology or run the risk of being held personally liable for damages incurred by the business through data corruptions or other technologically related downtime. Their ignorance of this fact will not absolve them.
If you consider which division within a business deals with the most sensitive and confidential information, it’s hands-down the finance division. They have access to customer, vendor and employee data that needs to be kept confidential and secure. The question that needs to be asked, is who is responsible if some of that personal information is lost or corrupted because legacy software is being used by the finance division?