IT Financial Management

Making technology investment decisions requires a data-driven approach to ensure you are investing in the right places whether you are cutting IT cost or investing in new service capabilities in support business requirements.

Traditionally IT costs are viewed in ways that do not give business decision makers an understanding of what they are buying – full transparency to the business requires that costs must be seen across their value chain.

It’s for these reasons that aligning business and IT strategy through the integration of enterprise service management architecture and IT financial management (ITFM) is of paramount importance. Otherwise, there will never be a real-time, single source of truth that stakeholders can rely upon to control spending and make informed investment decision.   Adding service and customer dimensions provide full transparency to how IT resources and costs are consumed by the business uncovering hidden service value and savings.

ITMF software platform provides disciplines that help align technology investments to business value using data driven approach to mapping technology and resource spend to the demand of services, applications, technology consumed by the business.

  • ITFM Cost Transparency – uses cost classifications to identify key spend drivers to gain visibility into IT spend and value.
  • ITFM Show-back and Charge-back – automates show-back and charge-back delivering defensible “Bill of IT” which demonstrates the value of resources and technology services consumed by the business units and departments.
  • ITFM integrates Strategic Planning with Financial Management – empowering the Executive “C” Suite to make informed decisions about IT spend using best practices automated workflows and toolsets that simplify the business and IT operational planning process providing a single source of truth in a single pane of glass.
  • IT Strategic Plans rely accurate cost data, metrics, KPIs and financial analytics that provide the information to support ongoing business strategy development, show financial basis for investment decisions, show value of investments in innovation and improved service delivery capabilities.