IT Financial Management

IT organizations have long been more than mere technology administrators – they play a key role in business development. The challenge for you is the lack of comprehensive data on the IT costs and the value proposition of IT investments. The IT infrastructure is too complex, and the excessive number of data silos result in the insufficient transparency to make data-driven decisions.

IT financial management breaks down these data silos, links business data with IT services, and thus makes it possible to evaluate IT expenditure in terms of its value contribution. This gives IT managers a valuable, data-driven foundation for informed decision-making on the optimum way to use and plan IT budgets. As a result, service users in IT can weigh up whether the IT investments in question can generate higher turnover.

IT financial management answers the following questions in particular:

• How does IT contribute to the company’s success?
• How can IT costs and services be optimized?
• How can IT services be billed based on actual usage?
• What is the IT budget invested in?

• Full cost transparency
  Fully recording all IT costs for staffing, infrastructure, service providers, cloud resources, and usage and billing data.
• Balanced distribution and allocation of IT costs
  Recording the use of IT services and billing by service recipients, plus allocation by business initiative.
• Identification of potential savings and optimization
  Enhanced transparency on outdated or obsolete technologies and their financial impact on the company.
• Optimized use of IT services and (cloud) resources
  Adapting and scaling your resources by balancing your IT costs with actual consumption and use data.
• Data-driven budget optimization
  Identifying cost drivers and improving your IT budget planning based on the quantifiable value creation of your IT services and initiatives, combined with the expenditure.
• More meaningful findings
  Links between IT investments, cloud strategies, costs and potential optimizations are shown at a glance, making it easier to assess IT investments.
• Avoiding shadow IT
  Determining unauthorized use of (cloud) services before risks arise.
• Benchmarking
  Creating the opportunity to compare with other companies, including as a basis for assessing your own IT costs compared to others in the industry.